Texmaco Rail FY26 Revenue Declines 14.3% to ₹4,377 Cr; PAT at ₹194 Cr
Texmaco Rail reported FY26 Revenue from Operations of ₹4,377 Cr, down 14.3% YoY. PAT for FY26 was ₹194 Cr. Q4 FY26 Revenue was ₹1,167 Cr with PAT at ₹58 Cr. The company's order book stands at ₹5,408 Cr. A joint venture with RVNL was formalized.
The decline in revenue and profit, coupled with supply chain challenges, has a moderate negative impact. However, the strong order book, strategic JV, and growth in specific segments like Infra-Electrical provide a balanced outlook.
While the company highlights strategic advancements like the RVNL joint venture and growth in its electrical infra business, the overall financial performance shows a decline in revenue and PAT compared to the previous year, indicating a mixed financial outcome.
Texmaco Rail & Engineering Limited has released its earnings presentation for the quarter and year ended March 31, 2026. The company reported a consolidated Revenue from Operations of ₹4,377 crore for FY26, a year-on-year decline of 14.3% attributed to a challenging market environment, lower wagon production due to supply chain issues, and reduced revenues in the Infra – Rail and Green Energy segments.
Despite the revenue dip, the company achieved an EBITDA of ₹450 crore for the full year, with an EBITDA margin of 10.3%, and a Profit After Tax (PAT) of ₹194 crore, resulting in a margin of 4.4%. Basic and Diluted EPS stood at ₹4.84 per share.
In the fourth quarter of FY26 (Q4 FY26), Revenue from Operations was ₹1,167 crore, with EBITDA at ₹116 crore (10.0% margin) and PAT at ₹58 crore (5.0% margin). Basic and Diluted EPS for the quarter was ₹1.42 per share.
Operationally, Texmaco delivered 8,372 Freight Cars and achieved 34,301 metric tons (MT) in Foundry sales for the full year FY26. For Q4 FY26, wagon sales were 2,196 units, and foundry sales were 8,964 MT.
A significant development highlighted was the formalization of a joint venture with Rail Vikas Nigam Limited (RVNL), aimed at increasing participation in rolling stock, rail EPC, maintenance, and integrated rail infrastructure. The company also completed the erection and commissioning of hydro mechanical systems for the 2,000 MW Subansiri Lower Hydroelectric Project.
Texmaco's order book stood at ₹5,408 crore as of March 31, 2025. The company's Infra – Electrical business showed strong growth, with revenues increasing by 66.1% to ₹610 crore and an EBIT Margin of 10.8%.
The management commentary noted a strategic shift in the freight car order book, with a significant increase in private sector and export orders, moving from 21% in FY25 to 79% in FY26. The company is also focusing on its Vision 2030 roadmap, investing in areas like railway signaling, safety systems (Kavach), power electronics, and defense manufacturing. The launch of its Global Capability Centre (GCC) platform, 'Invariz', powered by ServiceNow and AI, was also mentioned as a step towards digital services and technology-driven solutions.
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