Texmaco Rail shares jumped by more than 4% in early trade following the release of its robust Q2 results. The company reported a sharp increase in profit, reaching ₹74.1 crore for the quarter ended September 30, a significant rise from ₹24.6 crore in the same period last year. Revenue saw a 67% surge, hitting ₹1,346 crore, up from ₹805 crore.
Texmaco’s EBITDA also rose 74% to ₹132 crore, improving from ₹76.2 crore, with the EBITDA margin expanding to 9.8% from last year’s 9.5%.
The stock opened at ₹202.77, reaching a high of ₹208.90 and a low of ₹ 208.90.
As of 9:36 am, Texmaco Rail shares were trading 4.26% higher at Rs 206.10 on the NSE.
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