Texmaco Rail shares surged after announcing a ₹535 crore international order from CAMALCO SA., Cameroon, for 560 wagons and 20-year maintenance. The deal includes a future provision for 1,040 additional wagons over five years.
Texmaco Rail & Engineering share price was trading with strong gains on June 26, 2025. The surge in the share price was driven by the announcement of a new contract received by the company.
On Thursday, June 26, the stock has seen an intraday high of ₹189 and is trading significantly up from its yesterday’s close of ₹173.39. As of today, June 26, 2025, at approximately 10:59 AM IST, the stock is trading at ₹181.65, up by 4.82%.
Texmaco Rail & Engineering Ltd announced on June 25, 2025, that it has received a significant international order from CAMALCO SA., Cameroon. The letter of intent, dated June 24, 2025, outlines an order valued at $62,244,000, which is equivalent to ₹535 Crore. This comprehensive order includes two main components: the manufacturing and supply of 560 open top wagons, valued at $32,760,000, equivalent to ₹282 Crore; and a long-term maintenance contract for these wagons spanning 20 years, valued at $29,484,000, equivalent to ₹253 Crore.
The order for the 560 open top wagons is to be executed within 24 months from the purchase order date. Additionally, this initial order includes a provision for an extra order relating to the supply of 1040 wagons over the next five years, along with their long-term maintenance. The company confirmed that this is an international order.
In the March 2025 quarter, the company reported a revenue from operations of ₹1,346.35 crore, marking a year-on-year increase of 17.63% compared to ₹1,144.57 crore in March 2024. However, profit after tax (PAT) for the quarter declined by 14.95% to ₹35.45 crore, down from ₹41.68 crore in the same period last year, indicating a decrease in profitability despite higher revenue.
For the full financial year ended March 2025, revenue from operations stood at ₹5,106.57 crore, reflecting a 45.78% increase from ₹3,502.87 crore in the previous year. The annual profit after tax jumped by 13.47% to ₹225.51 crore, compared to ₹96.18 crore in FY24, reflecting a significant improvement on the bottom line.
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Texmaco Rail & Engineering Ltd is an engineering infrastructure company and part of the Adventz Group, The company is involved in the business of manufacturing Rolling stock, hydro-mechanical equipment, steel castings & construction of Rail EPC, bridges, and other steel structures.
On a YTD basis, the stock has declined by 4.42%, despite posting a strong gain of 31.16% over the past 3 months. Over the last 12 months, it is down by 15.12%. However, in the longer-term horizon of five years, the stock has delivered a substantial return, soaring by 649%.
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Disclaimer: The article is for informational purposes only and not investment advice.
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