Q1 results impact: Praj Ind stock hits two-year low after PAT declines 94%; Awfis rises 7%, Titagarh Rail gains 4%

At 10:20 am on August 12, Praj Industries shares were trading 6% lower at Rs 417 apiece.

Titagarh Rail Systems

Shares of Titagarh Rail Systems rose 4% on August 12 even as the company's consolidated net profit for the June quarter more than halved year-on-year to Rs 31 crore and revenue fell nearly 25% to Rs 679 crore. Sequentially, the bottom line decreased 53% and the top line fell over 32%.

Its total expenses, including finance cost, declined almost 23% YoY and 32% QoQ to Rs 634 crore. Finance costs were higher at Rs 18 crore from Rs 12.5 crore in the year-ago period. The company's tax outgo for the reporting quarter was lower at Rs 14.5 crore from Rs 23 crore a year ago.

At 10:03 am on August 12, Titagarh Rail shares were trading 4% higher at Rs 807 apiece.

Umesh Chowdhary, Vice Chairman and Managing Director, said: "In the Q1 of FY26, the Company generated standalone revenue of Rs 679 crore even as the performance of FRS was impacted by shortage of wheel sets. However, the drop in the production during the quarter is only a blip and the company has already started recovering due to improved wheelset supplies in the past weeks by the Indian Railways and the company will be able to rerun to normal production within Q2FY26."

Awfis Space Solutions

Shares of Awfis Space Solutions rose over 7% on August 12 after the firm's Q1 net profit rose 233% YoY to Rs 10 crore.

The company reported strong operating revenue of Rs 335 crore, a growth of 30% YoY. Its operating EBITDA margin for Q1FY26 was 37.8%, improved by 710 bps on YoY basis, "on back of strong revenue growth, Enterprise clients, Allied services and operating efficiencies".

Amit Ramani, Chairman and Managing Director, Awfis Space Solutions, said: "Operationally, our momentum remains strong, with a 40% year-on-year growth in operational seat capacity, underscoring the strength and scalability of our expansion strategy.

"Our enterprise segment remains a key growth driver, with strong demand from first-time mid-sized GCC entrants and continued expansion by existing clients. As a result, our 100+ seat cohort now contributes 59% of our total portfolio, reinforcing the stickiness and scale of our enterprise relationships."

At 10:21 am on August 12, Awfis shares were trading 7% higher at Rs 599 apiece.