Texmaco Rail & Engineering reports Q2 net profit at Rs 29.42 crore

KOLKATA: Texmaco Rail & Engineering reported a higher net profit of Rs 29.42 crore in the second-quarter ( Q2) ended September 30, 2012, compared to Rs 19.43 crore net in the earlier corresponding period.
Profit before tax too surged to Rs 40.30 crore in the said quarter as against Rs 28.23 crore in the corresponding period last year. Gross sales in the July-September quarter was up by 25 % at Rs 302.13 crore (Rs 242.47 crore) and gross profit (PBDT) by 40 % at Rs 42.73 crore (Rs 30.57 crore).

In a media statement issued on Monday, Texmaco Rail & Engineering of-ficials said the company's rolling stock division performance has been remarkable even in the face of severe bottlenecks in the contractual free supply inputs by the railways. The company hopes to maintain the momentum in the current quarter October - December 2012.

The company's hydro mechanical equipment division has an order book of Rs 398 crore approximately. Performance of the company's steel foundry division during the quarter has been satisfactory.