Texmaco Rail & Engineering Limited is prioritising forward-looking growth initiatives centred on expanding its presence in international markets, strengthening its portfolio beyond freight wagons and increasing participation in passenger mobility, locomotive systems, defence-linked engineering and renewable-energy applications. The company is targeting a sustained improvement in profitability through operating efficiency and a shift towards higher-value products.
“We are positively looking forward to certain growth businesses, while we have a strong focus to improve our present core business, take it towards the mid-teens and beyond,” said Managing Director Sudipta Mukherjee.
The company expects significant opportunities from upcoming rail-infrastructure upgrades, including the nationwide transition to the 2 x 25 kV electrification system. Texmaco has also formalised a joint venture with Rail Vikas Nigam Limited to pursue rolling stock and infrastructure projects in India and abroad, and entered into a partnership with HORMANN Vehicle Engineering GmbH to enhance design capabilities for passenger mobility and locomotive systems through a global engineering centre. This platform is expected to support both domestic and export-oriented programmes.
Expansion efforts continue within the manufacturing footprint through the integration of the Jindal Rail facility in Gujarat, which adds specialised wagon capability and a large industrial land bank for future growth. The merger of Texmaco West Rail has consolidated operational resources, while Saira Asia, the passenger-coach interiors business, has resumed activity with ongoing projects for Indian Railways and has been shortlisted for long-term export opportunities. Commenting on the integration benefits, Mukherjee said, “The synergies are very high. The way we planned and did it, we are getting better results than expected.”
Manufacturing operations during the quarter covered freight wagons, global-specification bogies, mining components, locomotive and passenger couplers and rail-track renewal products. Foundry activity continued to supply Indian and overseas markets, with the division expanding into non-Indian Railways specifications to diversify its product range. The company stated that its annual wagon manufacturing capability of 15,000 to 16,000 units enables swift delivery for both domestic and export orders, supported by stabilised wheelset supplies. “Our productions are going on an upswing, and our ability to deliver quickly is a tremendous advantage,” said Executive Director and Vice Chairman Indrajit Mookerjee.
For the period ended 30 September 2025, revenue from operations was INR 12.58 billion, EBITDA stood at INR 1.32 billion and profit after tax was INR 640 million. The company delivered 2,334 freight wagons in the quarter and recorded foundry sales of 8,413 tonnes. The overall order book was INR 63.67 billion, comprising rolling stock and infrastructure projects, with around 40 percent relating to electrical and civil rail systems that have execution timelines of up to 20 months. The wagon order book as of 1 October included 6,500 units. Operating-cash improvements and tighter working-capital management are supporting funding for ongoing capex, including expansion within the foundry division.
Texmaco Rail & Engineering Limited manufactures freight wagons, rolling stock components, traction equipment, castings and rail-infrastructure systems across multiple plants, including facilities added through recent acquisitions and integrations.
