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Texmaco Rail & Engineering reports fall of 51.88% in Q3 net profit

07 Feb 2012 Evaluate

Texmaco Rail & Engineering has reported results for third quarter ended December 31, 2011.

The company has posted a fall of 51.88% in its net profit at Rs 10.74 crore for the quarter ended December 31, 2011 as compared to Rs 22.32 crore for the same quarter in the previous year. The total income has decreased by 46.49% at Rs 97.16 crore for Q3FY12 to Rs 181.59 crore in same quarter previous year.

Texmaco Rail & Engineering engages in heavy engineering and steel foundry businesses in India. It offers high payload stainless steel freight wagons, commodity-specific wagons, special purpose freight wagons, bottom discharge hopper wagons, container rakes, tank wagons, loco shells, and coach bogies for the transport of petroleum, chemicals, cement, alumina, and transformers. Texmaco Rail & Engineering exports its freight cars to Africa, Europe, and south east Asia, as well as steel castings to Australia and the United States.

Texmaco Rail & Eng. Share Price

104.90 2.15 (2.09%)
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