Titagarh Rail Systems Ltd (TRSL), India’s leading wagon manufacturer, announced a 14.3% year-on-year (YoY) rise in net profit to ₹80.7 crore for the second quarter ending September 30, 2024. This compares with a net profit of ₹70.6 crore in the same quarter last year, as reported in the company’s regulatory filing. Revenue from operations increased by 13% YoY, reaching ₹1,057 crore, up from ₹935.5 crore in the previous fiscal period.
Operating results showed a 12.4% rise in EBITDA, amounting to ₹129.5 crore for Q2 FY25, compared to ₹115.2 crore in the same period last year. The EBITDA margin held steady at 12.3%. EBITDA, which stands for earnings before interest, tax, depreciation, and amortization, reflects the company’s core operating performance.
As of September 30, Titagarh Rail’s order book reached ₹12,207 crore, with 56.1% allocated to passenger rolling stock and 43.9% to freight rolling stock. Orders through joint ventures totaled ₹13,326 crore. In a presentation on Saturday, the company informed investors of its plans to increase rolling stock production capacity from the current 300 units per year to 1,200 units by FY28, enabling the manufacture of various passenger coach types, including those made of aluminum, stainless steel, and carbon steel.
Additionally, Titagarh Rail is implementing a phased strategy to expand its capacity in propulsion and electrical systems. Titagarh Rail Systems Limited (formerly known as Titagarh Wagons) is a leading Indian company specializing in the manufacturing of rail and metro coaches, freight wagons, and other rail-related equipment.
Established in 1997, the company has grown to become a key player in the railway and urban transit sectors, serving both domestic and international markets. Titagarh Rail Systems produces a wide range of rolling stock, including passenger trains, metro coaches, and freight wagons, along with shipbuilding and defense-related products.
With advanced manufacturing facilities in India and Italy, the company leverages cutting-edge technology and innovation to meet the evolving demands of the global rail industry. Titagarh is also at the forefront of providing solutions for sustainable transportation, focusing on enhancing energy efficiency and reducing emissions. Known for its quality, reliability, and customer-centric approach, Titagarh Rail Systems plays a crucial role in modernizing and expanding India’s railway infrastructure.
