Latest News | Titagarh Rail Systems Reports Rs 61.77 Cr Net Profit in Q1

New Delhi, Jul 22 (PTI) Titagarh Rail Systems Ltd on Saturday reported a net profit of Rs 61.77 crore for the April-June quarter of 2023-24 driven by higher income.

The company posted a consolidated net loss of Rs 6.46 lakh in the first quarter of the previous fiscal, the company said in a filing to BSE.

Also Read | UPSC EPFO Result 2023: Union Public Service Commission Declares Results for EO, AO, and APFC on upsc.gov.in, Know How to Check.

The consolidated total income in the April-June period more than doubled to Rs 914.64 crore, over Rs 440.78 crore in the year-ago period, it said.

Headquartered in Kolkata, the Titagarh group is a leading manufacturer of freight and passenger rolling stock.

Also Read | Kargil Vijay Diwas 2023: Remembering Brave Kargil War Heroes Whose Great Sacrifice Will Forever Be Etched in Our Hearts and Mind.

In March, Titagarh Rail Systems Ltd in consortium with Ramkrishna Forgings emerged as the lowest bidder for the supply of 15.40 lakh forged wheels to Indian Railways.

The JV namely Ramkrishna Titagarh Wheels Ltd (RTWL) will be engaged in manufacturing and supply of forged wheels under the Atma Nirbhar Bharat initiative, the filing said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)