Titagarh Wagons PAT up 32% in Q1;
Shareholders approve dividend of 80%
Kolkata, August 03, 2011: Titagarh Wagons Ltd (TWL), one of the country’s leading private sector wagon manufacturers, has reported increase in PAT of 32% in the quarter ended June 30, 2011 over the corresponding quarter last year. Net sales for the quarter under review were up 43% at Rs 217.07 crores against Rs.151.84 crores in the corresponding quarter last year. The Company has declared a dividend of 80% (Rs 8 per share) for 2010-11 at the 14th Annual General Meeting held on 27th July, 2011.
Revenues during the Q1 from the Wagons & Coaches vertical of the Company achieved a jump of about 47% when compared with that in Q1 last financial year and besides consolidating its position in Railway Wagons TWL has plans to build up on its presence in the Coaches (EMUs) segment where it has the first mover’s advantage even as TWL plans to boost performance in the other verticals.
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