Texmaco Rail & Engineering shares jumped 9% on the National Stock Exchange on June 26, a day after the company informed the exchanges that it has secured a $62.24mn order from a Cameroon based entity. The said order includes a $32.76mn order for manufacturing and supply of 560 open top wagons, along with a $29.48mn long term maintenance contract for 20 years. The stock is on a five-day winning streak, including today’s rally. It has gained nearly 20% in these days.
Under the contract, Texmaco will supply 560 wagons two phases within two years from purchase order date. The said order also includes the provision for additional order of 1040 wagons in the next five years, along with long term maintenance thereof.
This is the second order for the company this month. It was awarded ₹122.31-crore order to design, supply, construct, install, test, and commission traction transformers for Western Railway. The company received this order from Mumbai Railway Vikas Corp.
At its intraday high of ₹189 on the NSE today, the stock was over 36% lower than the 52-week high level mark, while 59% above its 52-week low level, which it touched in April this year. The stock has lost 12% in the last one year, but has gained 21% in the last one month. The stock has also lost over 2% in 2025 so far.
The company's revenue rose 17.5% year-on-year to ₹1,346.4 crore during the March quarter. This was mainly driven by continued execution across its railway and engineering segments. Its operating performance also improved, with earnings before interest, tax, depreciation and amortisation rising nearly 15% to ₹97.6 crore, while margin was 7.3%. But, the company’s net profit dipped 12% to ₹40 crore from ₹45 crore a year ago. The company’s board recommended a final dividend of ₹0.75 per share for FY25.
