Board approves Q2 results with unmodified review opinion; Executive Director re-appointed
Board meeting on 5th November 2026 approved the unaudited standalone and consolidated financial results for the quarter and half-year ended 30th September 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 86,774.99 | 1,25,809.91 | −31% | 75,668.00 | +14.7% |
| Total income | 87,844.16 | 1,26,614.05 | −30.6% | 77,520.72 | +13.3% |
| Profit before tax | 12,607.77 | 9,814.95 | +28.5% | 4,250.31 | +197% |
| Profit after tax | 11,104.35 | 6,392.20 | +73.7% | 5,007.34 | +122% |
| Total comprehensive income | 11,140.81 | 6,626.86 | +68.1% | 5,098.69 | +119% |
| Basic EPS | 2.74 | 1.62 | +69.1% | 1.23 | +123% |
- PAT YoY change
- (+73.7%)
- Period
- 30-Sep-2026 (Unaudited)
Also decided at the meeting
- Re-appointed Mr. Udyavar Vittal Kamath (DIN: 00648897) as Executive Director for 1 (one) year w.e.f. 1st February, 2027, subject to shareholders' approval.
Auditor's review
Conclusion: Unmodified
Notes to the results
- Exceptional item: gain on deemed disposal of interest in JV Texmaco Touax Railcar Leasing Pvt Ltd of ₹7,601.26 lakhs after Group's stake diluted from 50% to 34% (Ind AS 28).
- NRC approved grant of 10,32,780 options under Texmaco Rail LTIP 2026; share-based payment expense of ₹64.32 lakh recognised during the quarter.
What the board approved
The Board of Directors met on 5th November 2026 and approved two main items — the unaudited standalone and consolidated financial results for the quarter and half-year ended 30th September 2026, and the re-appointment of Mr. Udyavar Vittal Kamath as an Executive Director for 1 (one) year with effect from 1st February 2027, subject to the approval of shareholders.
Auditor's review
The statutory auditors, L.B. Jha & Co. LLP, issued a Limited Review Report with an unmodified opinion, meaning nothing came to their attention that caused them to believe the statements were misstated or did not contain the disclosures required under the listing rules. For the consolidated results, the report notes that interim results of some subsidiaries, joint ventures and an associate were not reviewed by their respective auditors, and the conclusion is not modified on that account.
Quarterly numbers (Rs in lakhs, as printed)
- Standalone: Revenue from operations 86,310.26, Net Profit/(Loss) after tax 3,612.48
- Consolidated: Net Profit/(Loss) after tax 11,104.35
- In the same quarter a year earlier, standalone Revenue from operations was 1,25,693.04
Standalone revenue from operations and standalone Net Profit/(Loss) after tax for the quarter were both lower than in the same quarter a year earlier. Consolidated Net Profit/(Loss) after tax for the quarter was 11,104.35 lakhs, which includes the one-time item described below.
Why consolidated profit is higher
Texmaco Touax Railcar Leasing Private Limited, a joint venture, issued equity shares to a new investor. As a result, the Group's shareholding in the joint venture came down to 34% on a fully diluted basis, and the Group recognised a gain on deemed disposal of 7,601.26 lakhs. This gain is presented as an exceptional item in the consolidated statement, so it lifts consolidated profit for the quarter without coming from ordinary day-to-day operations.
Executive Director re-appointed
Mr. Udyavar Vittal Kamath is re-appointed as Executive Director for 1 (one) year from 1st February 2027. He is an Electrical Engineering graduate with long experience in the railway electrification business and has been associated with the company for several years. He is not related to any director, key managerial person or promoter group member, and is not debarred from holding the office of director.
Employee stock options
The Nomination and Remuneration Committee approved the grant of 10,32,780 options to eligible employees under the Texmaco Rail Long Term Incentive Plan 2026, subject to the terms and vesting conditions of the plan. This is an employee incentive measure.
Points a retail investor may note
- The results are unaudited but have been reviewed by the statutory auditors with an unmodified opinion.
- Standalone revenue and profit for the quarter were lower than a year earlier.
- A large part of the consolidated profit jump comes from a one-time gain on the joint venture dilution, which is not a recurring operating item.
- The Executive Director's re-appointment requires shareholder approval.
Also from Texmaco Rail & Engineering
Texmaco Rail receives three orders worth Rs. 428.55 crore from UltraTech Cement, Jujhar Logistics and APL Logistics Vascor
5 Nov 2026
Board approves re-appointment of Udyavar Vittal Kamath as Executive Director for one year
5 Nov 2026
Texmaco Rail to join ICICI Securities Q2FY27 results conference call on 11 November 2026
4 Nov 2026
More numbers
- Revenue from operations, standalone, quarter ended 30-Sep-202686,310.26 (Rs in Lakhs)
- Net Profit/(Loss) after tax, standalone, quarter ended 30-Sep-20263,612.48 (Rs in Lakhs)
- Net Profit/(Loss) after tax, consolidated, quarter ended 30-Sep-202611,104.35 (Rs in Lakhs)
- Revenue from operations, standalone, quarter ended 30-Sep-20251,25,693.04 (Rs in Lakhs)
- Gain on deemed disposal of JV interest (exceptional item)7,601.26 lakhs
- Options granted under Texmaco Rail LTIP 202610,32,780
- Group shareholding in joint venture after dilution (fully diluted)34%
- Term of Executive Director re-appointment1 (one) year
- Total income, latest quarter87,844.16 (Rs in Lakhs)
- Total income, year-ago quarter1,26,614.05 (Rs in Lakhs)
- Total income, previous quarter77,520.72 (Rs in Lakhs)
- Total comprehensive income, latest quarter11,140.81 (Rs in Lakhs)
- Total comprehensive income, year-ago quarter6,626.86 (Rs in Lakhs)
- Total comprehensive income, previous quarter5,098.69 (Rs in Lakhs)
- Profit after tax, latest quarter11,104.35 (Rs in Lakhs)
- Profit after tax, year-ago quarter6,392.20 (Rs in Lakhs)
- Profit after tax, previous quarter5,007.34 (Rs in Lakhs)
- Revenue from operations, latest quarter86,774.99 (Rs in Lakhs)
- Revenue from operations, year-ago quarter1,25,809.91 (Rs in Lakhs)
- Revenue from operations, previous quarter75,668.00 (Rs in Lakhs)
- Profit before tax, latest quarter12,607.77 (Rs in Lakhs)
- Profit before tax, year-ago quarter9,814.95 (Rs in Lakhs)
- Profit before tax, previous quarter4,250.31 (Rs in Lakhs)
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