Mumbai, Feb 4 : Texmaco Rail & Engineering Ltd has reported net profit of surge of 362.90 percent in its net profit for the quarter ended December 31, 2018 at Rs 18.84 crores as against Rs 4.07 crores for the quarter ended December 31, 2017.
Total income for the quarter ended December 31, 2018 grew by 73.62 percent to Rs 415.21 crores as compared with Rs 239.15 crores for the same quarter a year ago period, company said in a filing wuth BSE.
The company attributed the robust earnings to emerging business opportunities in the field of Rail EPC and an upturn in wagon demand from the private sector.
The consolidated order book position of Texmaco Rail and Engineering with its subsidiaries stood at Rs 6,200 crore. As the Railways continues to be a focus area of the government with a capital outlay of Rs 1.59 trillion in the 2019-20 Union Budget, Texmaco Rail & Engineering believes in a robust growth in the upcoming season too.UNI