Texmaco Rail Share Price Soars by 7% after Strong Q4 Results 🚂💰
Texmaco Rail Limited has announced its fourth quarter results, showing outstanding performance. The company’s consolidated net profit has more than doubled to ₹45.3 crores from ₹18.3 crores, with revenue increasing by 37% to ₹1,146 crores. Following the strong results, the share price surged by 7% to reach ₹190, delivering a 240% return over the past year.
According to data available on the BSE website, Texmaco Rail reported a consolidated net profit of ₹45.25 crores in the fourth quarter, compared to ₹18.27 crores in the same quarter last year and ₹30.43 crores in the previous quarter. The company’s revenue stood at ₹1,144.56 crores, up from ₹835.27 crores a year ago and ₹896.43 crores in the previous quarter.
The operating profit increased from ₹55 crores to ₹85 crores, with the margin expanding from 6.6% to 7.4%. The earnings per share (EPS) rose to ₹1.32 from 57 paise a year ago and 92 paise in the previous quarter. On Friday, the share price rose by 3.25% to ₹195.
Texmaco Rail has also announced a dividend for shareholders, declaring a dividend of 50 paise per share at a face value of ₹1. The dividend will be paid within 30 days of the AGM. The record date is yet to be announced.
Texmaco Rail primarily manufactures bogies for railways and is involved in engineering, procurement, and construction projects related to railways, green energy, and electricals. The company is a multi-bagger stock, with the share price rising by nearly 7% to ₹190 after the results. In February 2024, the stock reached an all-time high of ₹232, attracting 2.8 lakh retail investors.
Over the past week, the stock has surged by 14%, by 12% in the last month, around 8% year-to-date, 36% in the past six months, approximately 240% in the past year, and a multi-bagger return of 315% over the past two years.
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