Texmaco Rail & Engineering standalone net loss of Rs.8.30 crore in Q2FY18, vs net profit of Rs. 18.20 crore in Q2FY17

India Infoline Research Team | October 16, 2017 15:12 IST

Texmaco Rail & Engineering Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 192 [49.1]
EBITDA 4.60 [79.7]
EBITDA Margin (%) 2.4 [362]
Net Loss  8.3 0
***EBITDA margin change is bps


Reco. Price


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Texmaco Rail & Engineering Ltd. standalone revenue for the quarter came in at Rs. 192 crore, registering 49.1% yoy decline. This was primarily driven by slump in revenue from its leading segment of heavy engineering division by 65% yoy to Rs.77.66 crore inQ2FY18 vs Rs.222 crore in previous year corresponding quarter.

EBITDA for the quarter fell by 79.7% yoy to Rs. 4.6 crore with a corresponding margin contraction of 362 bps. EBITDA margin for the quarter stood at 2.4%.
The company reported net loss of Rs.8.3 crore vs net profit of Rs.18.2 crore in Q2FY17. 

Technical View:

Texmaco Rail & Engineering Ltd is currently trading at Rs. 101.60, down by 4.4 points or 4.15% from its previous closing of Rs. 106 on the BSE.
The scrip opened at Rs. 106 and has touched a high and low of Rs. 107.35 and Rs. 100.20 respectively. So far 26,40,895(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

BSE 94.05 0.05 (0.05%)
NSE 94.35 0.25 (0.27%)

***Note: This is a NSE Chart



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