India's Texmaco Rail rises after Q4 profit jump

Texmaco Rail & Engineering

16/05/2024 09:16

** Shares of Texmaco Rail & Engineering  TEXA.NS  up 5.1% at
187.35 rupees
    ** Stock on track for a third consecutive session of gain,
if trend holds
    ** TEXA reports 2.5x Y/Y jump in Q4 net profit; revenue rose
to 11.45 bln rupees ($137.1 mln) from 8.35 bln rupees yr ago
    ** The growth outpaced expenses, which rose to 10.97 bln
rupees from 8.2 bln rupees
    ** Trading vol 3.1x 30-day daily avg
    ** Stock up 9.1% YTD including session's move
    ** Stock rose 201.9% in 2023, its best year since 2014

($1 = 83.4925 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))