Latest news with #TitagarhFiremaS.p.A
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Business Standard
5 hours ago
- Business
- Business Standard
Titagarh Rail Systems shares rose 3% on bagging ₹430-crore order
Titagarh Rail Systems shares advanced 2.7 per cent in trade on Monday, logging an intraday high at ₹961.8 per share on BSE. At 11:02 AM, Titagarh Rail share price was trading 1.05 per cent higher at ₹945.85 per share on the BSE. In comparison, the BSE Sensex was down 0.34 per cent at 83,776.17. Its 52-week high was at ₹1,880.2 per share and 52-week low was at ₹655.3 per share. In one year, Titagarh Rail shares have lost 49 per cent as compared to Sensex's rise of 6 per cent. Why are Titagarh shares in demand? The buying interest on the counter came after a consortium of Titagarh Rail Systems and Titagarh Firema S.p.A, associate company, won an order worth ₹430.53 crore from Maharashtra Metro Rail Corporation. Under the contract, both companies will jointly supply 12 additional trainsets. The consortium will be responsible to design, manufacture, supply, test, and commission the passenger Rolling Stock (Electrical Multiple Units) and Training of Personnel for Pune Metro Rail Project. The execution is scheduled to be completed within 30 months "We wish to inform you that the Consortium of Titagarh Rail System Limited and Titagarh Firema S.p.A, associate company, has received Letter of Approval for 'Supply of 12 additional trainsets as quantity variation under clause A.6 of Contract No: P1/RS-01/2018: Design, Manufacture, Supply, Testing, and Commissioning of passenger Rolling Stock (Electrical Multiple Units) and Training of Personnel for Pune Metro Rail Project' from Maharashtra Metro Rail Corporation Limited. The order value is about ₹430.53 crore," the filing read. Titagarh Rail Systems Q4 results The company's profit dropped year-on-year (Y-o-Y) to ₹64.45 crore in Q4FY25, from ₹78.95 crore in Q4FY24. Titagarh Rail's revenue also fell 5.5 per cent Y-o-Y to ₹1,005.57 crore, from ₹1,052.41 crore in the same quarter last year. In its Q4 review, Antique Broking had said that Titagarh Rail Systems delivered sub-par performance reporting 5 per cent/ 10 per cent/ 6 per cent Y-o-Y decline in revenue/ Ebitda/ PAT respectively. Ebitda refers to Earnings before interest, tax, depreciation and amortisation and PAT refers to profit after tax. It added:The subdued execution was on account of weaker than estimated execution in the FRS segment, which was primarily impacted by inadequate supply of wheel sets from the rail wheel factory, delaying delivery schedule. The brokerage retained 'Buy' rating on the stock with a revised target of ₹1,095 per share from ₹1,217. Post Q4 results, Nuvama Institutional Equities also maintained a 'Buy' rating with a revised target of ₹1,292 per share from ₹1,197.
Business Standard
5 hours ago
- Business
- Business Standard
Titagarh Rail Systems gains after consortium bags order for Pune Metro Rail Project
Titagarh Rail Systems advanced 1.91% to Rs 953.90 after the firm's consortium with its associate company, Titagarh Firema S.p.A, has received additional supply order for Pune Metro Rail Project from Maharashtra Metro Rail Corporation (MMRC). The order includes supply of 12 additional trainsets as quantity variation under clause A.6 of contract, which covers the design, manufacture, supply, testing, and commissioning of passenger rolling stock (electrical multiple units) and training of personnel for Pune Metro Rail Project. The order is valued at Rs 430.53 crore and execution is scheduled to be completed within 30 months. Previously, on 19 August 2019, the consortium had emerged as the lowest bidder in a tender issued by MMRC and was awarded a contract to supply 102 metro coaches for the same project. Titagarh Rail Systems (formerly known as Titagarh Wagons) is mainly engaged in the manufacturing and selling of freight wagons, passenger coaches, metro trains, train electricals, steel castings, specialised equipments & bridges, ships, etc. The company caters to both domestic and export market. The company reported 18.36% decline in consolidated net profit to Rs 64.45 crore in Q4 FY25 as against Rs 78.95 crore posted in Q4 FY24. Revenue from operations decreased 4.45% year-on-year (YoY) to Rs 1,005.57 crore in the quarter ended 31 March 2025.
Business Upturn
2 days ago
- Business
- Business Upturn
Titagarh Rail secures Rs 430.53 crore order for Pune Metro
By Aman Shukla Published on June 28, 2025, 15:22 IST Titagarh Rail Systems Limited, along with its associate company Titagarh Firema S.p.A, has received a Letter of Approval from Maharashtra Metro Rail Corporation Limited for the supply of 12 additional trainsets for the Pune Metro Rail Project. The order is a variation under Clause A.6 of the original contract (P1/RS-01/2018), which covers the design, manufacture, supply, testing, commissioning of electrical multiple units (EMUs), and personnel training. This latest addition brings the total order value for this variation to approximately ₹430.53 crore. This development builds on the earlier contract awarded in August 2019 and reflects Maha-Metro's continued trust in the Titagarh group for delivering high-quality rolling stock solutions. The contract is to be fulfilled within a 30-month timeframe. The order is entirely domestic and aligns with the broader infrastructure push for metro rail networks across Indian cities. With this project, Titagarh Rail Systems further strengthens its position in the urban mobility segment. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
