Titagarh Rail Systems’ shares fell 8% in intraday trade on Wednesday, due to the company’s disappointing performance in the first quarter of FY25.
The wagon manufacturer recorded an 8.4% year-on-year growth in net profit, hitting Rs 67 crore from ₹61.79 crore in the same time the previous year. However, the company’s revenue decreased by over one percent, falling to Rs 903 crore from ₹910.80 crore in the same period last fiscal year.
In terms of operations, Titagarh had a 4.1 percent decrease in EBITDA, from Rs 106.1 crore to Rs 101.7 crore in the previous year. This reduction in revenue had an influence on the firm’s operating performance, with the EBITDA margin falling by 50 basis points year on year to 11.2 percent.
Titagarh’s stock price had a significant drop due to its financial performance, falling as much as 7.9 percent to an intra-day low of Rs1,548.95. The stock has already dropped more than 18% from its all-time high of ₹1,896.50, which was reached only one month ago.
Titagarh Rail Systems shares were down 4.86% at Rs 1,601.80 on the NSE as of 11:37 AM.
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