Titagarh Rail Systems Q3FY24 PAT grows 91% YoY to Rs 75.03 cr
Kolkata: Titagarh Rail Systems Ltd, formerly known as Titagarh Wagons Ltd, reported a standalone net profit of Rs 75.03 crores in the quarter ending December 31, 2023, an increase of 91% over Rs 39.22 crore in the same period of the last financial year.
The company’s Standalone Net Revenues for Q3FY24 stood at Rs 954.68 crores with a growth of 24.57% over Rs 766.4 crore in Q3FY23.
Its EBIDTA margin stood at 11.59% with Rs. 110.67 crores, an increase of 52.30 % Y-o-Y.
At the end of December 2023, TRSL reached a significant milestone in India's rolling stock industry by achieving highest-ever monthly production of wagons by any player, the company said.
The company’s state-of-the-art manufacturing plant in Titagarh, West Bengal and Bharatpur, Rajasthan successfully rolled out 1021 wagons, marking a historic achievement for the Company cementing TRSL’s position as a leader in the field of railway wagon manufacturing, it added.
Commenting on the results, Vice Chairman and Managing Director Umesh Chowdhary said, “On a year-over-year basis, the Freight Rolling Stocks and Passenger Rolling Stocks, both have recorded substantial growth. The government's unwavering emphasis on the building of world-class rail infrastructure in India makes us enthusiastic about higher and sustained growth in the upcoming quarters.”
Moreover, the company's order book is valued at Rs. 27,466 crores and exhibits good diversification among both the business segments – Freight Rolling Stock and Passenger Rolling Stock.
Titagarh Rail Systems Limited (TRSL) is a large-scale private sector manufacturer of railway wagons with presence in Passenger and Freight Rail Systems. It Specialises in railway wagons, components, passenger coaches (EMU/MEMU), and Metro Coaches. It also manufactured wagons and supplied Metro Trains for projects such as Pune Metro and Surat Metro and has been involved in projects like Vande Bharat trains and Forged Wheels.
It has facilities in Uttarpara, West Bengal, TRSL manufactures full aluminium body Metro Coaches for Pune Metro in collaboration with its Italian venture. Besides Uttarpara, the company has engineering infrastructure in Titagarh, West Bengal, and Bharatpur, Rajasthan.
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