Titagarh Wagons has dipped 6% at Rs 107 after reporting a net loss of Rs 3.74 crore for the third quarter ended December 31, 2013 (Q3 FY14), due to lower operational income. The company had posted a profit of Rs 8.97 crore in the same quarter year ago.
The company’s total income operations plunged 80% at Rs 31.60 crore during the quarter compared to Rs 154 crore in the same period previous fiscal, Titagarh Wagons said in a filing to the BSE.
Titagarh Wagons is one of the leading private sector wagon manufacturers in the country.
Meanwhile, the company said its board has approved in principle the decision to make a foray into manufacture of tractors and/or other agriculture equipments through its wholly owned subsidiary - Titagarh Agrico Private Limited.
The stock opened at Rs 110 and hit a low of Rs 104 on the NSE. A combined 258,000 shares have changed hands on the counter so far on the NSE and BSE.
The company’s total income operations plunged 80% at Rs 31.60 crore during the quarter compared to Rs 154 crore in the same period previous fiscal, Titagarh Wagons said in a filing to the BSE.
Titagarh Wagons is one of the leading private sector wagon manufacturers in the country.
Meanwhile, the company said its board has approved in principle the decision to make a foray into manufacture of tractors and/or other agriculture equipments through its wholly owned subsidiary - Titagarh Agrico Private Limited.
The stock opened at Rs 110 and hit a low of Rs 104 on the NSE. A combined 258,000 shares have changed hands on the counter so far on the NSE and BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%