NSE
BSECompany insights, generated from the most recent coverage.
Q1 FY27 net profit up 70.6% YoY despite 16.9% revenue decline — operating leverage and margin mix improvement driving profitability.
Order book at ₹18,486 crore provides 17.23 quarters of revenue coverage — roughly 4.3 years of annual revenue visibility at current run-rate.
Private sector wagon orders (ACT-1/BVCM) command significantly better margins than Indian Railway orders, with export orders offering the highest margins.
The Quarter story
The two most recent quarterly results, compared side-by-side.
Texmaco Rail expands profit margins and secures a record order book, though seasonal revenue dips and freight delivery slowdowns weigh on near-term sales.
EBITDA margin rises from 8.5% to 10.8% from Q4 2024-25 to Q1 2026-27, showing stronger core profitability.
Consolidated revenue falls from ₹1,346 Cr to ₹753 Cr from Q4 2024-25 to Q1 2026-27, reflecting seasonal demand softness.
Order book surges from ₹5,661 Cr to ₹9,923 Cr from Q3 2025-26 to Q1 2026-27, securing a robust revenue pipeline.
Wagon deliveries drop from 2,597 units to 1,054 units from Q4 2024-25 to Q1 2026-27, slowing near-term output.
Net debt falls from ₹632 Cr to ₹444 Cr from Q4 2024-25 to Q4 2025-26, strengthening the balance sheet.
Freight car division revenue slumps from ₹1,079 Cr to ₹68.8 Cr from Q4 2024-25 to Q1 2026-27, weighing on overall sales.
Freight car orders from private and export clients climb from 21.0% to 96.4% from Q4 2024-25 to Q1 2026-27, diversifying the customer base.
EBIT declines from ₹121 Cr to ₹69 Cr from Q2 2025-26 to Q1 2026-27, indicating operating profit pressure.
Finance costs drop from ₹34 Cr to ₹25 Cr from Q4 2024-25 to Q1 2026-27, reducing interest burden.
Indian Railways order share falls from 79.0% to 3.6% from Q4 2024-25 to Q1 2026-27, shifting reliance to new clients.
