Texmaco Rail & Engineering Limited announced its unaudited consolidated financial results for the quarter ended December 31, 2025, following the Board of Directors meeting held on February 9, 2026. The company submitted its quarterly results under Regulation 30 compliance requirements, reporting revenue challenges amid supply-side constraints.

Q3FY26 Financial Performance

The company reported consolidated revenue from operations of ₹1,042 crores for Q3FY26, reflecting moderation compared to the same period last year due to transient supply-side disruptions and export headwinds. Despite revenue challenges, the company maintained operational discipline with EBITDA of ₹102 crores and an EBITDA margin of 9.6%.

Nine Months FY26 Performance

For the nine months ended December 31, 2025, Texmaco reported revenue from operations of ₹3,210 crores. The company achieved EBITDA of ₹313 crores with a margin of 9.7%, while Profit After Tax stood at ₹136 crores, demonstrating resilience despite operational challenges.

Management Commentary and Strategic Outlook

Indrajit Mookerjee, Vice Chairman & Executive Director, stated that while revenues were impacted by transient supply-side constraints and export headwinds, operational discipline and cost control supported margin stability. The company's three-pillar growth strategy positions it for sustainable value creation as sector conditions normalize.

Sudipta Mukherjee, Managing Director, highlighted steady operational momentum with deliveries of over 2,000 freight cars during the quarter and continued progress across rail electrification and infrastructure projects.

Strategic Growth Initiatives

Texmaco is actively pursuing diversification across multiple business segments to expand its addressable market through mobility and technology-led initiatives.

ESG Initiatives and Policy Support

The company commissioned a 10 MW solar power installation at its Urla Foundry in Raipur and converted one high-tension furnace from LDO to LPG at Belgharia Foundry. CRISIL upgraded Texmaco's ESG rating from 50 to 51, placing it in the 'Adequate' risk category.

The Union Budget 2026-27 allocated a record ₹2.93 lakh crores to Indian Railways, with emphasis on rail electrification, freight capacity enhancement, and safety infrastructure development, aligning with Texmaco's strategic priorities.

Texmaco rail & engineering Limited has notified stock exchanges regarding a structural change in its statutory auditors' constitution under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Conversion Details

The company's statutory auditors, M/s. L. B. Jha & Co., have converted from a Partnership Firm to a Limited Liability Partnership (LLP) structure. The conversion became effective from January 21, 2026, with the new entity operating under the name M/s. L. B. Jha & Co. LLP.

Impact on Audit Engagement

Texmaco Rail & Engineering has clarified that this conversion represents solely a change in the audit firm's constitution. The company emphasized two key points regarding the transition:

• No change in the existing audit engagement
• M/s. L. B. Jha & Co. LLP will continue to function and discharge their obligations as statutory auditors for the remaining period of their appointment tenure

Regulatory Compliance

The notification was filed on January 22, 2026, and signed by Sandeep Kumar Sultania, Company Secretary & Compliance Officer. The intimation was sent to both the National Stock Exchange of India Limited and BSE Limited, fulfilling the company's disclosure obligations under SEBI regulations.

This structural change in the auditing firm's constitution maintains continuity in Texmaco Rail & Engineering's audit processes while allowing the auditors to operate under the LLP framework.