Texmaco Rail Posts Nearly Two-Fold Jump in Q1 FY25 Profit at ₹40.2 Crore

Texmaco Rail & Engineering reported a significant increase in standalone net profit for the quarter ending June 30, 2024, with a nearly two-fold rise to ₹40.2 crore, driven by strong revenue growth. This compares to a PAT of ₹14.6 crore in the same period last year. The company's revenue from operations for Q1 FY25 surged by 35.8% to ₹891.7 crore, up from ₹656.8 crore in Q1 FY24. Indrajit Mookerjee, Executive Director and Vice Chairman of Texmaco, stated, “Texmaco achieved its highest Q1 revenue from operations at ₹891.7 crore, marking a 35.8% growth. From a profitability standpoint, EBITDA for the quarter was ₹97.1 crore, reflecting a 62% YoY growth and a margin of 10.9%, which also represents a significant milestone.” In July 2024, Texmaco announced its acquisition of Jindal Rail & Infrastructure for ₹615 crore. Mookerjee noted, "This acquisition, with an FY24 EV/EBITDA multiple of