Titagarh Railsystems is currently trading at Rs. 1210.00, up by 98.65 points or 8.88% from its previous closing of Rs. 1111.35 on the BSE.
The scrip opened at Rs. 1149.85 and has touched a high and low of Rs. 1235.00 and Rs. 1146.80 respectively. So far 527590 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1249.00 on 20-Jan-2024 and a 52 week low of Rs. 321.00 on 24-May-2023.
Last one week high and low of the scrip stood at Rs. 1235.00 and Rs. 1050.00 respectively. The current market cap of the company is Rs. 16295.53 crore.
The promoters holding in the company stood at 42.46%, while Institutions and Non-Institutions held 31.00% and 26.54% respectively.
Titagarh Railsystems has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The company has reported 57.35% rise in its net profit at Rs 83.41 crore for the quarter under review as compared to Rs 53.01 crore for the same quarter in the previous year. Total income of the company increased by 8.61% at Rs 1,067.16 crore for Q4FY24 as compared Rs 982.53 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 63.66% rise in its net profit at Rs 78.95 crore for fourth quarter ended March 31, 2024 as compared to Rs 48.24 crore for the same quarter in the previous year. Total income of the company increased by 8.75% at Rs 1,067.09 crore for Q4FY24 as compared Rs 981.20 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported over 2-fold jump in its net profit at Rs 296.91 crore as compared to Rs 103.37 crore for the previous year. Total income of the company increased by 38.04% at Rs 3,898.97 crore for year under review as compared to Rs 2,824.51 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 286.14 crore as compared to Rs 125.72 crore for the previous year. Total income of the company increased by 37.95% at Rs 3,893.11 crore for year under review as compared to Rs 2,822.17 crore for year ended March 31, 2023.
