Published 3 months ago

Titagarh Rail Shares Slump After Q1 Profit Misses Estimates

Summary by NDTV Profit

The shares of Titagarh Rail Systems Ltd. slumped 9% on Wednesday after its profit missed analysts' estimates. The company's top line fell by 0.9% to Rs 903 crore, compared to Rs 911 crore in the same period last year.The wagons manufacturer's net profit rose 8.4% year-on-year to Rs 67 crore in the three months ended June, according to an exchange filing. Analysts tracked by Bloomberg had set a consensus estimate of Rs 81.5 crore.Operating income…

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Titagarh Rail Shares Slump After Q1 Profit Misses Estimates

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