Texmaco Rail Shares Surge 11% After Winning New Orders

New Delhi, February 17, 2026: Shares of Texmaco Rail & Engineering Ltd, a company closely tied to the railway sector, jumped nearly 11% on Tuesday following the announcement of two new orders.

Sharp Rise in Early Trading

Texmaco shares had closed at ₹111.25 on Monday. On Tuesday, the stock opened higher and quickly gained momentum. By 11 a.m., it touched ₹123.35, marking an 11% intraday increase. Later in the morning, the stock traded at ₹119.45, up 7.37%, as investors digested the details of the new contracts.

Details of the New Orders

The company received a ₹219.18 crore order from Mumbai Railway Vikas Nigam Ltd (MRVC) for the Mumbai Urban Transport Project (MUTP-IIIA). The contract involves designing, supplying, installing, testing, and commissioning an advanced signaling system for a new suburban railway line in Mumbai. The project will take 36 months from the start of the work order.

In addition, Texmaco Rail secured a ₹27.67 crore (GST inclusive) two-year contract from South Western Railway. This involves the annual maintenance and fault rectification of overhead equipment (OHE) and power supply installations in the Mysuru division, covering 1,046 track kilometers (TKM). The contract, excluding GST, is valued at approximately ₹23.45 crore.

Expansion of Operations

With these orders, Texmaco’s OHE and power supply maintenance portfolio now reaches 3,702.62 TKM, spanning multiple railway divisions including Bengaluru and parts of the Dedicated Freight Corridor Corporation of India. The contracts strengthen the company’s presence in railway electrification services.

Quarterly Performance

Texmaco Rail reported a net profit of ₹42.8 crore in Q3, down 44.2% from ₹76.7 crore in the same period last year. Revenue fell 21.5% to ₹1,041 crore from ₹1,326 crore, while EBITDA declined 32.6% to ₹88.3 crore, compared to ₹131 crore last year. EBITDA margin also contracted to 8.5% from 9.9%.

Disclaimer: The information provided is based on market analysis and broker recommendations. Navbharat Times does not provide investment advice. Investors are advised to consult certified financial experts before making any investment decisions, as market conditions can change rapidly.