Texmaco Rail profit almost doubles to Rs17.07 crore

Texmaco’s revenue in September quarter rose to Rs236.56 crore from Rs130.32 crore a year ago


Texmaco has started production in August to supply to the railways 1,338 wagons for which orders were received in the current year.
Texmaco has started production in August to supply to the railways 1,338 wagons for which orders were received in the current year.

Kolkata: Texmaco Rail and Engineering Ltd, one of India’s top wagon-makers, on Thursday said its net profit in the September quarter almost doubled to Rs17.07 crore because of an 82% jump in revenue from operations.

Texmaco’s revenue in the September quarter rose to Rs236.56 crore from Rs130.32 crore in the September quarter of 2015-16, despite sluggish demand for wagons, the company said in a statement.

Texmaco has started production in August to supply to the railways 1,338 wagons for which orders were received in the current year.

READ MORE