Titagarh Rail Q2 Profit Climbs 14%

27 Oct 2024 , 02:26 PM

Titagarh Rail Systems Ltd (TRSL), the largest wagon manufacturer in the country, reported a 14.3% year-over-year rise in net profit, reaching ₹80.7 Crore in Q2 of the current fiscal, compared to ₹70.6 Crore in the same quarter last year.

The company’s revenue from operations increased by 13% to ₹1,057 Crore, up from ₹935.5 Crore in the same period last year. EBITDA saw a 12.4% increase, standing at ₹129.5 Crore for Q2 FY25, up from ₹115.2 Crore in the previous fiscal period. The EBITDA margin held steady at 12.3% for the quarter.

Titagarh Rail Systems’ growth in both profit and revenue reflects its solid position in the rail manufacturing industry and effective demand management. With increased revenue and a stable margin, the company continues to strengthen its foothold in the rail sector, positioning itself for future expansion in wagon manufacturing.