Q3FY17 Results: Texmaco Rail & Engg. Ltd.
Bhagyashree Vivarekar / 14 Feb 2017
The company reported PAT of Rs 2.86 crore, which represents a sequential QoQ decline of 84.32 per cent and a YoY decline of 68.9 per cent.
The company reported total sales of Rs 257.71 crore for Q3FY17, which represents a 29.38 per cent sequential decline and 21.5 per cent YoY decline.
Its operating profit (EBIT) for the quarter came in at Rs 6.99 crore with EBIT margin of 2.71 per cent.
The company reported PAT of Rs 2.86 crore, which represents a sequential QoQ decline of 84.32 per cent and a YoY decline of 68.9 per cent.
The company's stock opened at Rs 91.7 on the BSE and fell 1.4 per cent after the results were declared. It is currently trading around Rs 91.7.
Texmaco Rail & Engineering Ltd. is an Indian freight car manufacturing company. It is a flagship company of the K. K. Birla group. The company operates in four different business segments: heavy engineering division,steel foundry, real estate and others.