Texmaco Rail shares slipped over 3% in early trade following the announcement of its Q1 results, reflecting a challenging start to the fiscal year. As of 9:45 AM, the shares were trading 3.23% lower at Rs 136.41.
The company reported a consolidated revenue of Rs 911 crore for Q1, down 16.3% from Rs 1,088 crore in the same period last year. EBITDA fell sharply by 33.7% to Rs 70.9 crore compared to Rs 107 crore in Q1 FY25, with margins contracting to 7.8% from 9.8% year-on-year.
Net profit also took a hit, declining 49.9% to Rs 30 crore versus Rs 59.8 crore in the corresponding quarter last year.
Texmaco Rail shares opened at ₹137.00 today and witnessed a drop, with the stock trading between ₹135.00 and ₹138.06 during the day. The previous close for the stock was ₹140.97, indicating a slight downward trend in early trades. Over the past 52 weeks, Texmaco Rail has seen a low of ₹119.06 and a high of ₹262.95.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
