Titagarh Rail systems zooms on turning black in Q1
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Titagarh Rail systems is currently trading at Rs. 655.30, up by 40.45 points or 6.58% from its previous closing of Rs. 614.85 on the BSE.
The scrip opened at Rs. 671.25 and has touched a high and low of Rs. 672.15 and Rs. 637.40 respectively. So far 72503 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 672.15 on 24-Jul-2023 and a 52 week low of Rs. 120.25 on 04-Aug-2022.
Last one week high and low of the scrip stood at Rs. 672.15 and Rs. 537.30 respectively. The current market cap of the company is Rs. 8227.97 crore.
The promoters holding in the company stood at 44.97%, while Institutions and Non-Institutions held 21.71% and 33.32% respectively.
Titagarh Rail systems has reported over 2-fold jump in its net profit at Rs 67.57 crore for first quarter ended June 30, 2023 as compared to Rs 23.02 crore for the same quarter in the previous year. Total income of the company increased by 107.91% at Rs 920.44 crore for Q1FY24 as compared Rs 442.71 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net profit of Rs 61.78 crore for first quarter ended June 30, 2023 as compared to net loss of Rs 0.06 crore for the same quarter in the previous year. Total income of the company increased by 107.50% at Rs 914.65 crore for Q1FY24 as compared Rs 440.79 crore for the corresponding quarter previous year.
