On Tuesday, Texmaco Rail said it had secured the Rs 44.04 crore contract from MRVC for a traction infrastructure project on the Central Railway.
“…we wish to inform you that Mumbai Railway Vikas Corporation Limited, vide its letter dated June 9, 2025, has awarded an order of Rs 44.04 crore to the company for the supply, construction, installation, testing, and commissioning of traction transformers, SPs, and associated works,” the company stated in a stock exchange filing.
The scope of the project includes setting up a 1X25 kV, 110/25 kV traction substation (TSS) with 40/56 MVA AC traction transformers, two sectioning posts (SPs), and related infrastructure for the third and fourth lines of the Central Railway. The project is expected to be completed within 18 months.
Q4 Earnings
For the March quarter, Texmaco Rail posted a 17.5% year-on-year rise in revenue to Rs 1,346.4 crore, driven by steady execution across its railway and engineering verticals. Operating performance also improved, with EBITDA rising 14.7% to Rs 97.6 crore, while EBITDA margins held steady at 7.3%.
However, net profit declined 12% year-on-year to Rs 40 crore, compared to Rs 45 crore in the same quarter last year.
During the quarter, the company also announced its international expansion plans, with an initial investment of AED 50,000 in its newly incorporated wholly owned subsidiary, Texmaco Middle East DMCC.
Stock Performance and Technical Indicators
Shares of Texmaco Rail & Engineering closed at Rs 176.70 on Tuesday, down Rs 1.15 or 0.65% on the BSE. The stock has gained 10% in the past week and 32.5% over the last three months, though it remains down 9.3% over the past year.
From a technical standpoint, the stock is currently trading above seven of its eight key simple moving averages (SMAs)—the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, and 150-day SMAs—while remaining below its 200-day SMA.
The Relative Strength Index (RSI) stands at 68.8, indicating the stock is nearing overbought territory. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 7.8 and remains above both its centerline and signal line, a bullish indicator.
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