Titagarh Rail Systems shares slide over 5% as Q3 profit drops 16% YoY

Titagarh Rail Systems shares fell 5.5% to Rs 803 on Friday after the company reported a 16% year-on-year (YoY) decline in net profit to Rs 62.8 crore for Q3FY25, compared to Rs 74.8 crore in the year-ago period.

Revenue from operations dipped 5.5% YoY to Rs 902.2 crore, down from Rs 954.7 crore in Q3FY24.

At the operating level, EBITDA declined 9.6% to Rs 100.1 crore, compared to Rs 110.7 crore in the same quarter last year. The EBITDA margin stood at 11.1%, down from 11.6%.


The board has approved subscribing to the rights issue of equity shares by Titagarh Firema Engineering Services Private Limited (TFESPL), its joint venture company. It also approved amendments to the Joint Venture Agreement (JVA), which will make TFESPL a subsidiary after the allotment of shares and execution of the amended JVA.

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Titagarh Rail Systems shares target price

As per Trendlyne data, the average target price of the stock is Rs 1,538, which shows an upside of 91% from the current market prices. The consensus recommendation from 6 analysts for the stock is a 'Buy'.

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Titagarh Rail Systems technical indicators

Technically, the stock's relative strength index (RSI) is at 31.5. According to Trendlyne, an RSI below 30 is considered oversold, while above 70 indicates overbought conditions. Additionally, the MACD is at-57.3, which is below its Signal and Center Line, this is a strong bearish indicator.

The stock is trading below its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).

Titagarh Rail Systems shares performance

The stock has declined 28% year-to-date but gained 277% in the last two years. The company’s market capitalization stands at Rs 10,831 crore.

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