TITAGARH

Rail shares tank 5% after subdued Q3 earnings

Rail's Q3 numbers disappointed the Street on all key parameters. Weakness was felt across revenue, profit and ***** railway company's net profit fell 16 percent on year to Rs 62.8 crore for the quarter gone by, down from Rs 74.8 crore that it reported in the year ago period. The company's revenue from operations dipped 5.5 percent to Rs 902.2 crore as against Rs 954.7 crore in the corresponding period of the preceding fiscal. Operational performance also weakened as EBITDA margin contracted to 11.1 percent in Q3, as against 11.6 percent, a year ago.