Texmaco Rail posts ₹3.5-cr net loss

Our Bureau Kolkata | Updated on May 22, 2014

SK Poddar-controlled Texmaco Rail & Engineering reported net loss in the Q4 of 2013-14 and substantially reduced net profit for the full year owing to absence of wagon orders from the Railways causing significant idle capacity. It recorded a Q4 net loss of ₹3.52 crore against a net profit of ₹8.88 crore in the corresponding quarter of 2012-13. The full year profit dropped to ₹16.97 crore from ₹94.27 crore. It recommended a dividend of 25 per cent that is, 25 paise per equity shares of ₹1 each.

Published on May 22, 2014

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