Titagarh Rail Systems Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- Titagarh Rail Systems Ltd reported a 13.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 4.6%.
- Its expenses for the quarter were down by 12.9% QoQ and 4.5% YoY.
- The net profit decreased 22.2% QoQ and decreased 16.1% YoY.
- The earnings per share (EPS) of Titagarh Rail Systems Ltd stood at 4.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 924.66 | 1067.67 | 969.15 | -13.4% | -4.6% |
Total Expenses | 829.56 | 952.66 | 869.03 | -12.9% | -4.5% |
Profit Before Tax | 95.10 | 115.01 | 100.11 | -17.3% | -5.0% |
Tax | 26.16 | 29.89 | 25.09 | -12.5% | 4.3% |
Profit After Tax | 62.77 | 80.69 | 74.82 | -22.2% | -16.1% |
Earnings Per Share | 4.70 | 6.00 | 5.80 | -21.7% | -19.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Titagarh Rail Systems Ltd is a prominent player in the rail systems industry, primarily involved in the manufacturing and supply of railway wagons, coaches, and other related products. It operates within the broader transportation and infrastructure sector, which is vital to the development of efficient mass transit systems. The company has been known for its innovation and quality in producing rolling stock and has been a key supplier to various rail networks. In recent years, the company has been focusing on expanding its product line and increasing its market presence both domestically and internationally. However, specific recent developments or strategic initiatives are not available in the provided data.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Titagarh Rail Systems Ltd reported a total income of ₹924.66 crores. This represents a decline of 13.4% compared to the previous quarter (Q2FY25), where the total income was ₹1067.67 crores. When compared to the same quarter in the previous fiscal year (Q3FY24), there was a decrease of 4.6% from ₹969.15 crores. These figures suggest that the company experienced a contraction in its revenue stream both on a quarter-over-quarter (QoQ) and year-over-year (YoY) basis during this period.
Profitability
Profitability metrics for Titagarh Rail Systems Ltd in Q3FY25 show a profit before tax (PBT) of ₹95.10 crores, which is a decrease of 17.3% from the previous quarter's PBT of ₹115.01 crores. Compared to the same quarter in the previous year, there is a 5.0% decline from ₹100.11 crores. The company's profit after tax (PAT) for Q3FY25 was ₹62.77 crores, down by 22.2% from the previous quarter and 16.1% from Q3FY24. Earnings per share (EPS) also decreased to ₹4.70 in Q3FY25 from ₹6.00 in Q2FY25 and ₹5.80 in Q3FY24, marking declines of 21.7% QoQ and 19.0% YoY. The tax expense for Q3FY25 was ₹26.16 crores, which shows a decrease from ₹29.89 crores in Q2FY25 but an increase from ₹25.09 crores in Q3FY24, highlighting a 4.3% YoY increase in tax expense.
Operating Metrics
Total expenses for Titagarh Rail Systems Ltd in Q3FY25 were recorded at ₹829.56 crores, which shows a decrease of 12.9% from the previous quarter's ₹952.66 crores and a 4.5% reduction from ₹869.03 crores in Q3FY24. This decrease in expenses aligns with the overall decline in total income, maintaining a consistent cost management approach. However, despite the reduced expenses, the company's profitability metrics such as PBT and PAT have shown a decrease, which indicates that the reduction in income has had a significant impact on profitability. The company's operating metrics during this period reflect a challenging environment, where both revenue and profit figures have seen declines both QoQ and YoY.
