Company Order Book of Rs 11,200 crore and JV Share Order Book of Rs 13,326 crore: Metro Rail Engineering Company Secures Rs 430 Crore Pune Metro Order
The order book stands at Rs 24,526 crore as of March 31, 2025. Where Rs 11,200 crore order book stands for the company and Rs 13,326 crore order book share from the joint venture.Â
Titagarh Rail Systems Limited, formerly Titagarh Wagons Limited, announced today that its consortium with associate company Titagarh Firema S.p.A has received a significant Letter of Approval from Maharashtra Metro Rail Corporation Limited for the Pune Metro Rail Project. This order, valued at approximately Rs 430.53 Crores, is for the supply of 12 additional trainsets.
The contract encompasses the design, manufacture, supply, testing, and commissioning of passenger Rolling Stock (Electrical Multiple Units) and the training of personnel for the Pune Metro Rail Project. This latest order represents a quantity variation to the existing contract. The company confirmed that the order was awarded by a domestic entity, Maharashtra Metro Rail Corporation Limited, and is scheduled to be executed within a period of 30 months
About the Company
Titagarh Rail Systems Limited stands as a premier comprehensive mobility solutions provider, boasting advanced manufacturing facilities in India and Italy. Their expertise lies in the design and production of a diverse portfolio of world-class rolling stock, encompassing everything from modern semi high-speed trains and urban metros to comfortable passenger coaches and specialized freight wagons, alongside crucial propulsion systems. Driven by innovation and a commitment to excellence, Titagarh Rail Systems actively contributes to India's growth as a manufacturing hub and aims to redefine global transportation standards. The company has a market cap of over Rs 10,000 crore.
In the Quarterly Results of March 2025, the company reported a revenue of Rs 1,005.57 crore, reflecting a YoY decline of 4.45 per cent compared to Rs 1,052.41 crore in March 2024. The operating profit stood at Rs 92.88 crore, marking a 21.19 per cent decrease from Rs 117.86 crore in the same quarter last year. The profit after tax (PAT) declined by 18.37 per cent to Rs 64.45 crore from Rs 78.95 crore in March 2024.
In FY25, the company posted a revenue of Rs 3,867.75 crore, registering a 0.38 per cent growth compared to Rs 3,853.30 crore in FY24. The net profit for the year stood at Rs 276.39 crore, down 3.41 per cent from Rs 286.14 crore in the previous financial year.
Order Book: The order book stands at Rs 24,526 crore as of March 31, 2025. Where Rs 11,200 crore order book stands for the company and Rs 13,326 crore order book share from the joint venture.
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Disclaimer: This article is for informational purposes only and not intended as investment advice.