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Kolkata, July 24

Texmaco has reported net sales of Rs 183. 24 crore during the quarter ending June 30, against Rs 196.83 crore in the corresponding period the previous fiscal. Net profit stood at Rs 20.85 crore (Rs 22.82 crore). In a release, the company said that during the quarter Texmaco earned the distinction of being the only supplier of the new generation and high-payload wagons, urgently required by in bulk by the Indian Railways. “However, the production flow was impacted for a part of the period owing to certain technical issues in the new design construction, which have since been resolved.”

— Our Bureau

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