Titagarh Rail Q2 Results | Net profit rises 14% to ₹81 crore, revenue up 13% at ₹1,057 crore

The country’s largest wagon-maker, Titagarh Rail Systems Ltd (TRSL), on Saturday (October 26) reported a 14.3% year-on-year (YoY) increase in net profit at ₹80.7 crore for the second quarter that ended September 30, 2024.

In the corresponding quarter of the previous fiscal, Titagarh Rail Systems posted a net profit of ₹70.6 crore, the company said in a regulatory filing. The company’s revenue from operations was up by 13% to ₹1,057 crore as against ₹935.5 crore in the corresponding period of the preceding fiscal.

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At the operating level, EBITDA rises 12.4% to ₹129.5 crore in the second quarter of this fiscal over ₹115.2 crore in the corresponding period in the previous fiscal. EBITDA margin was flat at 12.3% in the reporting quarter. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The results came after the close of the market hours. On October 25, shares of Titagarh Rail Systems Ltd ended at ₹1,145.65, down by ₹21.00, or 1.80% on the BSE.

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