Multibagger Stock Announces 40% Dividend Boost and 64% YoY Net Profit Increase in Q4

  • Titagarh Rail Systems announced its Q4FY24 results and a dividend of 40 per cent for the previous financial year.
  • The company has delivered massive multibagger returns to investors over the last one-to-three year time periods.
  • “Recommendation of dividend of 40 per cent (i.e. Re. 0.80) per equity share of Rs. 2 each for the financial year 2023-2024,” said Titagarh Rail Systems in a regulatory filing.

Titagarh Rail Systems announces Q4FY24 results and a 40% dividend, continuing its trend of delivering multibagger returns to investors.

Titagarh Rail Systems Q4 Results

India’s leading freight wagon manufacturer, Titagarh Rail Systems, reported a net profit increase of 64 per cent to ₹79 crore in the March quarter, compared to ₹48 crore in the corresponding period last year. Revenue from operations in the fourth quarter of FY24 rose eight per cent to ₹1,052.4 crore, compared to ₹974.2 crore in the year-ago period. The company’s EBITDA in the March quarter rose 25.7 per cent to ₹120 crore, compared to ₹95.5 crore in the year-ago period.

Executive Appointments and Multibagger Returns

The company’s board announced the re-appointment of Anil Kumar Agarwal as Executive Director and the elevation of Prithish Chowdhary to the position of Deputy Managing Director. The company’s shares have seen a significant surge, with a return of 367 per cent in CY23 alone. Over the past five years, investors have enjoyed a remarkable return of 2,185 per cent on their investments in Titagarh Rail Systems.

Company Overview

Titagarh is India’s first private company for EMU/MEMU coaches and has delivered over 350 top-tier units to Indian Railways since 2007. It offers mobility solutions and makes railway wagons, components, passenger coaches, and metro coaches. In 2019, the company secured its first metro contract in Pune, introducing aluminum-bodied coaches, a novel concept in India.

Conclusion

Titagarh Rail Systems continues to show strong financial performance with impressive Q4FY24 results and a 40% dividend announcement. The company’s multibagger returns and strategic executive appointments position it well for continued growth and investor returns.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Bitcoin (BTC) and Ethereum (ETH) Propel Crypto Market to New Heights: A Surge in Digital Assets

<ul> <li>The cryptocurrency market has witnessed a notable...

Aegis Logistics (AGIS) Stock Soars 9% to Record High Post Q4 Results, Climbs 23% in Just 2 Sessions

<ul> <li>Shares of Aegis Logistics surged 9 percent...

Bitcoin (BTC) Rainbow Chart Signals Optimal Buying Opportunity – Is Now the Time to Invest?

The Bitcoin Rainbow chart indicates that investors...

Solana (SOL) Emerges as Top Ethereum Developer Choice Amid Uptrend Post-FTX Collapse

Solana is emerging as a preferred choice...

MoonBag (MBG) Presale Attracts Render (RNDR) and Blastup (BLAST) Investors: Discover the Key Reasons

The MoonBag presale has recently captured the attention of...
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Bitcoin (BTC) Price Drops After Failing to Surpass $69K Resistance Level: Market Analysis

Bitcoin dips 0.02%, failing to breach $69,336...

Bitcoin (BTC) Price Analysis: Bullish Surge Propels BTC Towards $70K Resistance

Bitcoin (BTC) continues its upward trajectory, trading...

GBPJPY Technical Analysis Report: Key Insights for May 27, 2024

The cryptocurrency market continues to evolve rapidly,...

Shiba Inu (SHIB) Rally Hits a Roadblock: Key Insights and Market Analysis

Shiba Inu (SHIB) price action has gained...
Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
spot_imgspot_imgspot_imgspot_img

Aegis Logistics (AGIS) Stock Soars 9% to Record High Post Q4 Results, Climbs 23% in Just 2 Sessions

<ul> <li>Shares of Aegis Logistics surged 9 percent in intra-day deals on Monday to hit a new high of ₹775.20 apiece after the...

BLS E-Services (BLS) Stock Plummets 40% from Peak, Falls Below IPO Price: Is It a Buy Opportunity?

<ul> <li>BLS E-Services share price has been trading roughly 30% less than its listing price of ₹366.</li> <li>The BLS E-Services share price...

Crypto Market Movers on May 27, 2024: Divis Laboratories (DIVIS), Indusind Bank (INDBK), Adani Enterprises (ADANIENT), Wipro (WIPRO) Lead Active Stocks – Full List...

<ul> <li>The Nifty index closed at 22,957.1, down by 0.11% today.</li> <li>The Sensex traded between 76,009.68 and 75,175.27, closing 0.03% down at...