ALFA Finder
The call ran from 12:01 PM to 1:01 PM IST (1 h).
Key takeaways
Q2 FY27 revenue ₹860 Cr, up 15% QoQ but down ~31% YoY on weak Indian Railway orders. EBITDA margin 10.2% (vs 10.8%). A ₹76 Cr exceptional JV gain props up profit, and answers on the ₹700 Cr provision were evasive.
| Revenue growth | ₹860 Cr, +15% QoQ, −31% YoY on lower Railway orders. |
|---|---|
| Margins | EBITDA 10.2% vs 10.8% QoQ; management claims ~70bps higher adjusted. |
| Order book | ₹8,000 Cr freight stock + ₹3,000–3,500 Cr other, executable FY27–FY28. |
| Demand visibility | Private/export ~85% of order book; Railway ~15%; H1 weak. |
| Management confidence | Over-optimistic: repeated 'tipping point', deflects on provision and capex. |
Growth
Revenue ₹860 Cr: +15% QoQ, −31% YoY; ₹76 Cr exceptional JV gain flatters PAT. Core profit is lower YoY, per the analyst's read.
Outlook
₹8,000 Cr freight rolling stock order book executable FY27–FY28; South African locomotive revenue only from FY28.
Risks
Indian Railway orders slumped; ₹700 Cr provision left unexplained; margin slipped to 10.2% from 10.8%.
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Texmaco Rail & Engineering Q2 FY27 Results: Net Profit ₹111 Cr, Up 73.7% YoY
Texmaco Rail & Engineering Ltd reported revenue from operations of ₹867.7 Cr (-31.0% YoY) and net profit of ₹111 Cr (+73.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹111 Cr · +73.7% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting 2x top-line growth and mid-teen EBITDA margins; ₹1,500cr-₹2,000cr total capex planned for defense/new segments through 2030.
Growth they described
FY26 revenue fell 14% to ₹4,377cr due to supply chain/wheel set issues; however, Bright Power division grew 66% to ₹610cr.
Call details
| Company | Texmaco Rail & Engineering Ltd |
|---|---|
| NSE symbol | TEXRAIL |
| ISIN | INE621L01012 |
| Call | Q2 FY27 earnings call |
| Date | Wednesday, 11 November 2026 |
| Time | 12:00 PM IST |
| Length | 1 h |
| Audio | Our stream on YouTube ↗ |
Texmaco Rail & Engineering Ltd: key numbers
- Share price
- ₹114.79
- Market cap
- ₹4,670 Cr
- Revenue (annual)
- ₹4,377 Cr
- Net profit (annual)
- ₹195.2 Cr
- P/E (TTM)
- 17.8×Sector 33.4×
- Promoter holding
- 48.34%+0.00% QoQ
- FII holding
- 6.02%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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