Titagarh Rail Systems Limited reported strong financial performance in the third quarter of fiscal year 2023-2024, thanks to government of India’s focus on upgrading the country’s railway network.
The company reported a 25% jump in revenue compared to a year-ago at Rs. 954.68 crores. EBIDTA, or profit from operations, jumped 52% to Rs. 110.67 crores, representing a healthy margin of 11.59%.
Net profit zoomed 91% to Rs. 75.03 crores compared to the same quarter last year. However, the company’s shares were down 1% today. They have run up over 50% in the last six months.
