Revenue for the quarter declined 13.3% year-on-year to Rs 1,167 crore from Rs 1,346.4 crore reported in the corresponding period last year. Despite the drop in revenue, EBITDA increased 9% to Rs 106.4 crore compared with Rs 97.6 crore a year ago, while EBITDA margin improved to 9.1% from 7.3%.
Separately, Texmaco Rail & Engineering approved plans to foray into the defence sector through its subsidiary, Texmaco Defence Technologies, with proposed investments of up to Rs 2,00 crore over the next three to five years.
Another factor behind the renewed momentum is Texmaco’s massive Rs 4,045 crore order win from South Africa for the supply of more than 2,235 freight wagons across multiple variants, along with 30 diesel locomotives. The engagement also includes a proposed long-term 15-year maintenance partnership, creating a significant lifecycle business opportunity for the company.
The company said the development marks one of the company’s largest international rolling stock opportunities and a major milestone in its global expansion plans. The company added that the project aligns with South Africa’s ongoing rail sector reforms and the emerging open-access freight rail framework, which is expected to drive significant investments in freight mobility, rolling stock modernisation, mining logistics and railway infrastructure.
Texmaco Rail added that the opportunity is expected to strengthen its presence across the African rail ecosystem while creating future opportunities in wagon supply, locomotive modernisation, refurbishment, maintenance services and rail infrastructure projects in the region. The company also sees long-term potential for phased localisation and strategic partnerships across Southern Africa.Commenting on the development, Managing Director Sudipta Mukherjee said South Africa represents a strategically important freight rail market with strong long-term potential. He added that the opportunity marks an important milestone in the company’s international journey and reflects the growing global acceptance of Indian rail engineering, manufacturing capabilities and integrated mobility solutions.Also Read: Dixon Tech shares jump 4% after Q4 results. Do Goldman Sachs, Motilal Oswal forecast further upside?Alongside Q4 financial results, the board recommended a dividend of Rs 0.75 per equity share, or 75% of face value, for FY26, subject to shareholder approval at the upcoming annual general meeting.
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