Titagarh Rail Systems announced that the Board of Directors of the Company at its meeting held on 15 May 2024, inter alia, have recommended the final dividend of Rs 0.8 per equity Share (i.e. 40%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Titagarh Rail Systems rose 63.66% to Rs 78.95 crore in the quarter ended March 2024 as against Rs 48.24 crore during the previous quarter ended March 2023. Sales rose 8.03% to Rs 1052.41 crore in the quarter ended March 2024 as against Rs 974.22 crore during the previous quarter ended March 2023.For the full year,net profit rose 119.77% to Rs 286.14 crore in the year ended March 2024 as against Rs 130.20 crore during the previous year ended March 2023. Sales rose 38.63% to Rs 3853.30 crore in the year ended March 2024 as against Rs 2779.59 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1052.41974.22 8 3853.302779.59 39 OPM %11.209.42 -11.669.02 - PBDT116.7076.54 52 415.67212.60 96 PBT109.7170.16 56 388.57190.10 104 NP78.9548.24 64 286.14130.20 120 Powered by Capital Market - Live News

Titagarh Rail Systems will hold a meeting of the Board of Directors of the Company on 15 May 2024Powered by Capital Market - Live News

Titagarh Rail Systems (TRSL) announced that its JV-SPV, Shivaliks Mercantile has acquired 28.23% additional stake in the equity share capital of Titagarh Firema S.p.A, Italy (Firema), an associate company of TRSL on 21 February 2024 for a consideration in cash aggerating Euro 20.21 million (equivalent to Rs 180.33 crore), to grow capabilities and capacities for various products in India and globally. Following the aforesaid acquisition, the total shareholding of Shivaliks in Firema has gone up to 34.59%. Invitalia, investment arm of the Government of Italy has also made fresh investment of Euro 10 million in Firema pursuant whereto its stake in Firema has increased to 31.01%. With the aforesaid investments, the current shareholding of TRSL in Firema stands at 25.43%. Powered by Capital Market - Live News

Titagarh Rail Systems has received an order from the Ministry of Defence, Government of India for Procurement of 250 Specialized Wagons. The order value is approximately Rs 170 crore. Execution of the contract is scheduled to start 12 months after the signing of the contract and complete in 36 months.Powered by Capital Market - Live News