TITAGARH2023-10-012023-12-31 TITAGARH2023-10-012023-12-31 TITAGARH2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member TITAGARH2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member TITAGARH2023-12-31 TITAGARH2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue01Member TITAGARH2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue02Member TITAGARH2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue01Member TITAGARH2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue02Member TITAGARH2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults01Member TITAGARH2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults02Member TITAGARH2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults01Member TITAGARH2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults02Member TITAGARH2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets01Member TITAGARH2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets02Member TITAGARH2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member TITAGARH2023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member TITAGARH2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member TITAGARH2023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member TITAGARH2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member TITAGARH2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member TITAGARH2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member TITAGARH2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss02Member TITAGARH2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member TITAGARH2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member TITAGARH2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member TITAGARH2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532966 TITAGARH NOTLISTED TITAGARH RAIL SYSTEMS LIMITED Equity 2023-04-01 2024-03-31 2024-02-02 2024-01-27 INR Lakhs Third quarter 17:15:00 21:00:00 2024-02-02 2024-02-02 Not applicable Multi segment 2023-10-01 2023-12-31 Unaudited Standalone 9546789000.00 144735000.00 9691524000.00 7386901000.00 0.00 84127000.00 150664000.00 182347000.00 67924000.00 818446000.00 8690409000.00 1001115000.00 0.00 1001115000.00 276426000.00 -25566000.00 250860000.00 0.00 750255000.00 0.00 0.00 0.00 0.00 750255000.00 -5692000.00 744563000.00 0.00 0.00 269347000.00 2 5.83 5.83 0.00 0.00 5.83 5.83 1. The Operating segments based on the Company's products has been identified as Freight Rail Systems (which includes shipbuiding, bridges and defence) and Passenger Rail Systems . 2. Pursuant to approval of the Board of Directors on November 08, 2023 and the special resolution passed by the Company’s shareholders at their extra ordinary general meeting held on December 02, 2023 the Company issued 75,02,679 fresh equity shares of Rs. 2/- each at a premium of Rs. 931/- per share aggregating Rs. 69,999.99 lakhs by way of qualified institutional placement (QIP) which were allotted on December 13, 2023 and listing and trading approvals of BSE and NSE were received on December 13, 2023 and December 14, 2023 respectively. The net proceeds from the issue are to be utilized towards repayment / prepayment, in full or in part, of certain outstanding borrowings availed by the Company, funding of working capital requirements of the Company and general corporate purposes. In accordance with IND AS 32, the costs that are directly attributable to the above transaction, have been recognized in equity. 3. A Joint Venture company named Ramkrishna Titagarh Rail Wheels Limited (“RTRWL”) was incorporated on June 09, 2023 having Ramkrishna Forgings Limited (“RKFL”) and Titagarh Rail Systems Limited (“TRSL”) as Joint Venturers. RTRWL will be engaged in the manufacturing and supply of forged wheels under long term agreement under Aatma Nirbhar Bharat. The Company has invested Rs. 5,494.00 lacs in RTRWL till December 31, 2023. 4. A Joint Venture company named Titagarh Firema Engineering Services Private Limited ( TFESPL ) has been incorporated on September 16, 2023 having Titagarh Rail Systems Limited (“TRSL ) and Titagarh Firema SPA ( Firema ) as Joint Venturers. TFESPL will carry on the business of research, engineering and design related services to support passenger rail segment business. The Company has subscribed for an investment of Rs. 196.00 lacs in TFESPL till December 31, 2023. 5. The Company and Sidwal Refrigeration Private Limited, a wholly owned subsidiary of Amber Enterprises India Ltd, entered into a strategic alliance on January 24, 2024 to invest Rs 120 crores each in a special purpose vehilce (SPV) to carry on the business of railway components and subsystems. The SPV will set up a new facility in India to manufacture critical railway components and subsystems for Metro Coaches/Passenger Rolling Stock and will also make fresh investments in Titagarh Firema SpA, Italy an associate of the Company along with fresh investment to be made by an existing shareholder Invitalia (an investment arm of the Government of Italy). 6. Exceptional items for the year ended March 31, 2023 and nine months ended December 31, 2022 includes: a) an amount of Rs. 4,972.82 lacs being the impairment loss of investment in TFA based on the valuation report obtained from an independent valuer. The residual value of investment in TFA as on March 31, 2023 is Rs 1,272.63 lacs. b) an amount of Rs. 345.27 lacs being the claim partially awarded in favour of the Company by the Commercial Court of Paris with respect to its claim relating to its erstwhile subsidiary Titagarh Wagons AFR, France (under liquidation). 7. The above standalone financial results for the quarter and nine months ended December 31, 2023 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 02, 2024. Multi segment 2023-04-01 2023-12-31 Unaudited Standalone 28008892000.00 309268000.00 28318160000.00 21450217000.00 0.00 355782000.00 481472000.00 576202000.00 201154000.00 2402837000.00 25467664000.00 2850496000.00 0.00 2850496000.00 770852000.00 -55277000.00 715575000.00 0.00 2134921000.00 0.00 0.00 0.00 0.00 2134921000.00 167000.00 2135088000.00 0.00 0.00 269347000.00 2 17.08 17.08 0.00 0.00 17.08 17.08 Other Expenses 818446000.00 Other Expenses 2402837000.00 Freight Rail System 8537609000.00 Passenger Rail System 1009180000.00 Freight Rail System 24007009000.00 Passenger Rail System 4001883000.00 9546789000.00 28008892000.00 9546789000.00 28008892000.00 Freight Rail System 1099927000.00 Passenger Rail System 24305000.00 Freight Rail System 3153805000.00 Passenger Rail System 124040000.00 1124232000.00 3277845000.00 83167000.00 286397000.00 39950000.00 140952000.00 1001115000.00 2850496000.00 Freight Rail System 16383534000.00 Passenger Rail System 7530790000.00 23914324000.00 11257936000.00 35172260000.00 Freight Rail System 7802182000.00 Passenger Rail System 3171901000.00 10974083000.00 2749246000.00 13723329000.00 Remeasurement (gains) / loss on defined benefit plans -64000.00 Income tax on above 16000.00 Remeasurement (gains) / loss on defined benefit plans -158000.00 Income tax on above 40000.00 -48000.00 -118000.00 0.00 0.00 Fair Value Changes in Cash Flow Hedges -7542000.00 Income Tax on Above 1898000.00 Fair Value Changes in Cash Flow Hedges 381000.00 Income Tax on Above -96000.00 -5644000.00 285000.00 0.00 0.00