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In an interview with CNBC-TV18, AK Vijay, CFO and ED of Texmaco Rail discussed the company's Q3 performance.
Texmaco Rail and Engineering has delivered a weak set of numbers with the company posting a net loss of Rs 8.3 crore. In an interview to CNBC-TV18, AK Vijay, CFO & ED of the company discussed their Q2 results in details and gave his outlook for the future.
The company is also focusing on segments like Rail EPC and Bridges where the demand is strong, said Executive Director AK Vijay of Texmaco Rail and Engineering.
Texmaco Limited, the railway wagon and engineering company, will shift focus to Engineering, Procurement, and Construction (EPC) from sale of wagons, says Executive Director AK Vijay.
Net Sales are expected to decrease by 25 percent Q-o-Q (down 30.4 percent Y-o-Y) to Rs 177.3 crore, according to ICICI Securities.
In an interview to CNBC-TV18, AK Vijay, ED of Texmaco Rail spoke about the results and his outlook for the company.
Sales are expected to decrease by 2.9 percent Q-o-Q (up 146.8 percent Y-o-Y) to Rs 222 crore, according to ICICI Securities.
AK Vijay, ED of Texmaco Rail & Engineering says while the government wagon orders were stagnant earlier, defence and private orders were executed in the quarter ended December 31.
In an interview to CNBC-TV18, AK Vijay, ED of Texmaco Rail spoke about the results and his outlook for the company.
Texmaco Rail delivered posted a decent set of fourth-quarter numbers last week despite management claiming fiscal year 2014-15 was a ‘tough‘ year with hardly few orders coming in.
Vijay is bullish on the outlook for the industry in general from a 2-3 year perspective because of the various initiatives being taken by the government.
With the recent fillip in the defence sector, Vijay says the company has also received one of biggest wagon orders from defence sector, bagging an order worth Rs 387 crore for 974 wagons from the Ministry of Defence (India).