Q1 2025 Texmaco Rail & Engineering Ltd Earnings Call Transcript
Key Points
- Texmaco Rail & Engineering Ltd (BOM:533326) achieved record revenue of INR891.7 crore, a 35.8% increase compared to Q1 FY24.
- The company sold 1,967 units of wagons, reflecting a 48% increase from Q1 FY24.
- EBITDA reached INR97 crore, representing a 62% year-over-year growth with a margin of 10.9%.
- PAT for the period stood at INR40.2 crore, reflecting a 176% year-over-year increase.
- The company has a healthy order book of INR7,500 crore, with 60% from the freight car business and 88% of that from Indian Railways.
- Margins in the quarter were lower compared to the last three quarters, raising concerns about future profitability.
- The Infra Rail & Green Energy segment reported a negative EBIT of INR10.1 crore due to legacy contracts.
- The demerger process is still in progress with no clear timeline for completion, causing uncertainty.
- There are ongoing supply chain and design issues affecting production efficiency.
- The company faces challenges in realizing claims from government contracts, impacting cash flow.
Ladies and gentlemen, good day, and welcome to Texmaco Limited Q1 FY25 Limited earnings conference call hosted by ICICI Securities. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Mohit Kumar from ICICI Securities. Thank you, and over to you, sir.
Yeah. Thanks, [Shiruk] and good afternoon. On behalf of ICICI Securities, I welcome you all to the Q1 FY25 earnings conference call of Texmaco Rail & Engineering. Today, we have with us from the management Mr. Indrajit Mookerjee, ED and Vice Chairman; Mr. Sudipta Mukherjee, MD; and Mr. Hemant Bhuwania, the CFO. Without much delay, I would now like to hand over the call to the management for their opening remarks. Over to you, sir.
Good afternoon. I'm Indrajit Mookerjee, Vice Chairman of Texmaco Rail & Engineering. And I would, at the very outset, like to thank you
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