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Titagarh Rail Systems Shares Shares Today: Shares of Titagarh Rail Systems rose as much as 5.2 per cent to Rs 818 on the BSE on Tuesday, a day after the company posted its June quarter earnings. At 14:09 pm, the stock was trading at Rs 8072.55, up 3.40 per cent, even as the benchmark Sensex slipped 0.21 per cent.
The stock reaction came despite a sharp fall in earnings, with management downplaying the impact as temporary and outlining recovery plans for the coming quarters.
Titagarh Q1 Performance
For the first quarter of FY26, net profit dropped 54 per cent year-on-year to Rs 30.86 crore, compared with Rs 67.01 crore in the same period last year. Revenue from operations stood at Rs 679.3 crore, down from Rs 903.05 crore a year ago, impacted by a shortage of wheelsets.
Vice Chairman and Managing Director Umesh Chowdhary said the dip in production was a short-term setback due to poor wheelset supplies from the Rail Wheel Factory in Bengaluru. Wagon dispatches were limited to 1,628 units during the quarter, but supplies have since improved, he noted.
“The company expects to return to normal production levels within the second quarter,” Chowdhary said, adding that the shortfall from Q1 is likely to be made up in the balance of the fiscal year.
Despite the weak earnings, order inflow remained robust, with Rs 2,469 crore worth of new orders booked in the quarter. This takes Titagarh’s overall order book to Rs 26,000 crore, including its share in joint ventures.
In addition, the company executed a 99-year lease agreement on July 12 with the Governor of West Bengal for a 40-acre land parcel adjacent to its Uttarpara facility. The lease, valued at Rs 137 crore, is aimed at expanding production infrastructure, including space for testing and commissioning of metro coaches and Vande Bharat trains.
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