Titagarh Rail Systems Limited reports YoY standalone revenue growth of 25%, profit zooms 91% in Q3FY24

Quarterly Standalone Revenue stands at Rs. 954.68 crores, PAT at Rs. 75.03 crores

Registers Industry’s highest-ever monthly production of 1021 Wagons in December 2023

 

Standalone

Q3FY24

Rs. In crore

Q3FY23

Rs. In crore

YoY growth
Net Revenues 954.68 766.4 24.57%
EBITDA 110.67 72.66 52.30%
EBITDA Margin 11.59% 9.48%  
Profit Before Tax 100.11 54.65 83.19%
Profit After Tax 75.03 39.22 91.25%

 

Bengaluru, February 05, 2024: Titagarh Rail Systems Limited (TRSL), the prominent Indian rolling stock manufacturer, announced its unaudited results for the third quarter ending on 31st December 2023 on 2nd February, 2024.

The Company’s Standalone Net Revenues for Q3FY24 stood at Rs. 954.68 crores with a growth of 24.57%, while EBIDTA margin stood at 11.59% with Rs. 110.67 crores, an increase of 52.30 % Y-o-Y. Net Profit stood at Rs. 75.03 crores, an increase of 91% over Q3FY23.

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’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.

Commenting on the results, Mr. Umesh Chowdhary, Vice Chairman and Managing DirectorTitagarh Rail Systems Ltd. said, “The Company’s robust performance in Q3 FY24 is a reflection of our sustained operational momentum. 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

For more information, please browse www.titagarh.in

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