Titagarh Rail Systems Ltd.'s consolidated net profit rose 8.4% in the first quarter of fiscal 2025, though it missed analysts' estimates.
The wagons manufacturer posted a net profit of Rs 67 crore in the quarter-ended June, as compared to Rs 62 crore in the same period last year, according to an exchange filing on Tuesday. Analysts tracked by Bloomberg had set a consensus estimate of Rs 81.5 crore.
Titagarh Rail Q1 FY25 Highlights (Consolidated, YoY)
Revenue down 0.9% to Rs 903 crore versus Rs 911 crore (Bloomberg estimate: Rs 1,222 crore).
Ebitda down 4% to Rs 102 crore versus Rs 106 crore (Bloomberg estimate: Rs 119.1 crore).
Ebitda margin narrows to 11.3% versus 11.6% (Bloomberg estimate: 9.70%).
Net profit up 8.4% to Rs 67 crore versus Rs 62 crore (Bloomberg estimate: Rs 81.5 crore).
Revenue growth was primarily led by the company's larger segment i.e. freight rail systems, which recorded 12.9% growth to Rs 842.19 crore. However, the passenger rail systems segment declined 63.04% to Rs 60.86 crore.
Shares of Titagarh Rail closed 0.43% lower at Rs 1,682 apiece, as compared to a 0.09% advance in the NSE Nifty 50.
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