Texmaco Rail & Engineering Ltd has secured a contract worth Rs 1.22 billion from the Mumbai Railway Vikas Corporation Limited (MRVC) for the design, supply, construction, installation, testing, and commissioning of traction transformers and associated infrastructure. This work will be executed along Mumbai's Western Railway, which also serves the city’s suburban rail network.

According to an exchange filing dated 3 June, the contract was awarded on 2 June 2025 and is to be completed within 30 months. This latest order strengthens Texmaco’s presence in urban rail electrification and infrastructure development.

In a separate development last week, the company announced it had received an additional order valued at Rs 1.4 billion for the manufacture and supply of eight rakes of flat multi-purpose wagons. This follows its February 2025 partnership with Polish technology firm Nevomo to pursue next-generation railway innovations under a signed Memorandum of Understanding (MoU).

Q4 FY25 Performance

In the fourth quarter of FY25, Texmaco reported a 12 per cent year-on-year decline in net profit, falling to Rs 400 million from Rs 450 million. However, revenues rose by 17.5 per cent to Rs 13.46 billion. The company’s EBITDA also saw a year-on-year increase of 14.7 per cent, reaching Rs 976 million.

Share Performance

On 3 June, Texmaco shares declined by 0.48 per cent, closing at Rs 159.25. Despite the daily dip, the stock has gained 14.68 per cent over the past month, with its current value standing at Rs 160.66 per share.