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Hot Pursuit News

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(16 May 2024, 12:04)

Titagarh Rail spurts as Q4 PAT grows 57% YoY to Rs 83 cr

Titagarh Rail Systems (TSRL) surged 7.60% to Rs 1,195.85 after its standalone net profit surged 57.35% to Rs 83.41 crore in Q4 FY24 as against to Rs 53.01 crore posted in Q4 FY23.


Revenue from operations increased 8.03% to Rs 1,052.41 crore in fourth quarter of FY24 from Rs 974.22 crore recorded in the corresponding quarter previous year.

Profit before tax climbed 48.98% YoY to Rs 111.99 crore in the March 2024 quarter.

The firm's revenue from freight rail system was at 1,016.87 crore (up 25.83% YoY) while passenger rail system stood at Rs 35.54 crore (down 78.6% YoY) during the period under review.

On a full year basis, standalone net profit stood at Rs 296.91 crore, steeply higher than Rs 103.37 crore posted in FY24 over FY23. Revenue from operations increased 38.58% YoY to Rs 3,853.30 crore in the financial year ended 31 March 2024.

Meanwhile, the board recommended a dividend of Rs 2 per equity share for the financial year 2023-24.

Titagar...

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