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.