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Titagarh Rail Shares in Focus; Delivers India’s First Driverless Trainset to Bengaluru Metro

Updated on: Jan 7, 2025, 12:23 PM IST
Titagarh Rail Systems' share price remained in focus as it handed over India’s first driverless trainset for Bengaluru Metro’s Yellow Line.
Titagarh Rail Shares in Focus; Delivers India’s First Driverless Trainset to Bengaluru Metro
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Titagarh Rail Systems delivered the first driverless, made-in-India trainset to Bengaluru Metro’s Yellow Line, showcasing India’s growing role in global rail manufacturing and advancing urban mobility. Titagarh Rail Systems share price traded 2.04% higher at ₹1,110.15 at 10:01 AM on the NSE.

Project Details

Titagarh Rail Systems Ltd., a leading Indian rolling stock manufacturer, has officially handed over its first driverless Made-in-India trainset to Bengaluru Metro Rail Corporation’s (BMRCL) Yellow Line, the company said in a press release on the stock exchange.

The stainless steel, automated trainset is set to run on the crucial 18-km stretch, connecting Electronics City to the rest of Bengaluru, reinforcing the city’s urban mobility infrastructure.

Q2 FY25 Financial Highlights

In Q2 FY25, Titagarh Rail Systems reported a strong performance, with a 20.07% year-on-year increase in net profit, which surged to ₹85.12 crore, compared to ₹70.89 crore in Q2 FY24.

The company’s revenue from operations also saw significant growth, rising by 12.98% to ₹1,056.95 crore, up from ₹935.45 crore during the same period last year. Additionally, profit before tax for the quarter reached ₹115.01 crore, marking a 21.21% increase from ₹94.88 crore in Q2 FY24.

The company’s EBITDA stood at ₹129.41 crore, reflecting a 12.45% rise compared to the previous year. Despite a dip in revenue from the passenger rail system, which decreased by 57.70% to ₹56.92 crore, the freight rail segment saw robust growth, with a 24.86% increase in revenue to ₹1,000.03 crore.

About Titagarh Rail Systems

Titagarh Rail Systems Ltd. (formerly Titagarh Wagons Limited) is a leading Indian manufacturer of rail transport solutions, specialising in both passenger and freight systems. With a strong presence in India and Italy, the company produces a wide range of products, including metro trains, semi-high-speed trains, wagons, and electric propulsion equipment. With over 46,700 wagons and 460 coaches delivered, the company emphasises sustainability, quality, and reliability in its operations.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 7, 2025, 11:16 AM IST

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