Q3FY22 Quarterly Result Announced for Texmaco Rail & Engineering Ltd.
Construction & Engineering company Texmaco Rail & Engineering declares Q3FY22 result: The Gross Revenue for the 3rd quarter ended 31 st December 2021 stood at Rs. 479.72 Cr, EBIDTA at Rs. 45.13 Cr, Profit before Tax (PBT) at Rs. 10.71 Cr and after a provision of Rs. 9.13 Cr for Defened Tax Liability, a net profit at Rs. 1.58 Cr as against Gross Revenue of Rs. 463.01 Cr, EBIDTA ofRs.53.66 Cr, PBT ofRs. 17.87 Cr and net profit of Rs. 18.08 Cr respectively in the corresponding quarter of FY 20-21. For the nine months ended 31st December, 2021 the Gross Revenue stood at Rs.1196.08 Cr, EBIDTA at Rs. 130.74 Cr, Profit before Tax (PBT) at Rs. 26.51 Cr and net profit ar Rs. 12.14 Cr as against Cross Revenue of Rs. 1100.99 Cr, EBIDTA of Rs. 85.82 Cr, Loss Before Tax of Rs. 20.52 Cr and net loss ofRs. 7.77 Cr respectively in the corresponding quarter of FY 20-21. While the Company was coming out ofthe Covid related disruptions in the firsr 2 Quarters, due to a sudden surge of 3rd wave of Covid which seriously impacted the large part of the Country with positive rate on days going as high as >50% and restrictions imposed by the State Govemment from time to time, intemittent disruptions in operational activities could not be avoided. The situation however is fast easing out and Govemment has eased the restrictions with lot of relaxations leading to expscted normal operations in Q4 ofthe financial year. The Railway Budget as announced this year is promising with the Government's revised capital expenditure outlay of Rs 2.45 Lakh Cr for Railway infrastructure and development. The Govemrnent's plan to pdoritise the multi-modal connectivity between mass urban transport and Rail network, as part of "PM Gati Shakti" scheme would open new opportunities both in Railway manufacturing & service sectors. This would certainly boost the prospects ofthe Company, which is present in most ofthe Rail related segments. Result PDF08-02-2022