Texmaco Rail & Engineering announced its unaudited consolidated results for Q3 FY26 (ending December 31, 2025). The company reported Revenue from Operations of ₹1,042 crore and EBITDA of ₹102 crore (9.6% margin). Management noted that performance reflected resilience despite transient supply constraints and export headwinds. Key focus remains on deepening engagement across rail electrification, freight mobility, and exploring synergistic diversification segments.
Q3 FY26 Financial Highlights
Texmaco Rail & Engineering Limited reported its unaudited consolidated financial results for the third quarter of the fiscal year 2026, covering the period ended 31 December 2025. The company achieved Revenue from Operations of ₹1,042 crore for the quarter. Despite market challenges, operational discipline helped maintain stability, resulting in an EBITDA of ₹102 crore, translating to an EBITDA margin of 9.6%. Profit After Tax for Q3 FY26 stood at ₹42 crore.
Nine-Month Performance
For the cumulative nine months ended FY26, the company’s Revenue from Operations reached ₹3,210 crores. EBITDA for this period was ₹313 crores, with an associated margin of 9.7%. Profit After Tax for the nine-month period was ₹136 crores. These figures reflect the cumulative impact of operational challenges encountered throughout the year, particularly within wagon manufacturing and export businesses.
Management Commentary on Performance
Indrajit Mookerjee, Vice Chairman & Executive Director, stated that while revenues faced impacts from supply-side constraints and export headwinds, operational discipline and cost control supported margin stability. Managing Director Sudipta Mukherjee highlighted steady operational momentum, including deliveries of over 2,000 freight cars during the quarter and continued progress in rail electrification and infrastructure projects.
Strategic Growth and Business Focus
Texmaco continues to advance its growth strategy, securing orders across key areas. The company is reinforcing its core business while pursuing diversification:
- Strengthening the Core: Includes Foundry Business Export, Infra Business Expansion, and developing a New market for Rolling Stock.
- Synergistic Diversification: Focus areas include Wheels sets (Building Block Model), Metro & EMU, and Fabricated Bogies.
- Breakout Diversification: Involves Iron Pellets Trading and GCC Expansion.
The forward-looking policy environment, highlighted by the Union Budget 2026-27 allocating a record ₹2.93 lakh crores to Indian Railways, is expected to sustain investment across electrification and high-density routes, aligning with Texmaco’s long-term roadmap.
Commitment to ESG and Sustainability
On the ESG front, Texmaco commissioned a 10 MW solar power installation at its Urla Foundry in Raipur to reduce its carbon footprint. Furthermore, a high-tension furnace at the Belgharia Foundry was converted from LDO to LPG, promising a further meaningful reduction in carbon emissions. In recognition of these efforts, CRISIL upgraded Texmaco’s ESG rating from 50 to 51, placing it in the ‘Adequate’ risk category.
Source: BSE
