Company Overview
Texmaco Rail & Engineering Limited reported its financial results for FY 2025-26 and announced its 28th Annual General Meeting scheduled for September 18, 2026.
Financial Performance
FY26 standalone revenue declined 14.3% to ₹4,377.27 crore from ₹5,106.57 crore in FY25, while net profit decreased 21.7% to ₹195.15 crore. The company maintained a strong order book position of ₹5,408 crore as of March 31, 2026. Significant capital expenditure of ₹164.68 crore was in progress, primarily for expansion projects across multiple divisions.
Key Corporate Actions
The Board recommended a dividend of ₹0.75 per equity share (75%) subject to shareholder approval at the AGM. The company completed the amalgamation of Texmaco West Rail Limited effective April 1, 2025, which contributed ₹898.14 crore to retained earnings. A substantial ₹700 crore contingency provision was created from free reserves to address geopolitical risks, trade uncertainties, and supply chain disruptions.
AGM Agenda Items
The 28th AGM will seek shareholder approval for adoption of FY26 financial statements, dividend declaration, reappointment of directors U.V. Kamath and Akshay Poddar, ratification of cost auditor remuneration, increase in borrowing limit to ₹4,500 crore, and creation of charges on assets to secure borrowings.
Segment Performance
The Freight Car division remained the core business with revenue of ₹3,419.25 crore, while Infra-Rail & Green Energy reported a loss of ₹27.40 crore. Infra Electrical segment showed profitability with ₹65.93 crore profit. The company maintained significant related party transactions with joint ventures Wabtec Texmaco and Touax Texmaco.
Corporate Governance & Compliance
The financial statements were prepared in accordance with Indian Accounting Standards and audited by L. B. Jha & Co. LLP. The company confirmed compliance with regulatory requirements including no proceedings under Benami Transactions Act, no transactions with struck-off companies, and proper utilization of borrowed funds.
Future Outlook
The increased borrowing limit provides financial flexibility for future growth initiatives. The company continues to navigate market challenges while maintaining its position in the rail infrastructure sector with ongoing expansion projects and a substantial order book.