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:OneItemsThatWillBeReclassifiedToProfitAndLoss03Member TITAGARH2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member TITAGARH2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss02Member TITAGARH2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss03Member 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 Consolidated 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 -2977000.00 0.00 -2977000.00 947000.00 748225000.00 212000.00 748437000.00 0.00 0.00 748437000.00 0.00 269347000.00 2 5.84 5.84 -0.02 -0.02 5.82 5.82 1. The consolidated financial results of Titagarh Rail Systems Limited (formerly Titagarh Wagons Limited) (hereinafter referred to as the Parent Company ) include results of its subsidiary Titagarh Singapore Pte Limited (TSPL), collectively referred to as the Group , one associate namely Titagarh Firema S.p.A (TFA) and three joint ventures namely Titagarh Mermec Private Limited, Ramkrishna Titagarh Rail Wheels Limited (w.e.f June 09, 2023) and Titagarh Firema Engineering Services Private Limited (w.e.f September 16, 2023) . 2. Pursuant to approval of the Board of Directors of Parent Company on November 08, 2023 and the special resolution passed by the Parent Company’s shareholders at their extra ordinary general meeting held on December 02, 2023 the Parent 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 Parent 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 Please Refer Pdf uploaded 4. The Operating segments based on the Group's products has been identified as Freight Rail Systems (which includes shipbuiding, bridges and defence) and Passenger Rail Systems . 5. The Parent 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 vehicle (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 investor Invitalia (an investment arm of the Government of Italy). 6. 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 Parent Company has invested Rs. 5,494.00 lacs in RTRWL till December 31, 2023. 7. 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 acquire the Parent Company’s design centre in Hyderabad and will carry on the business of research, engineering and design related services to support passenger rail segment business of the Group. The above business arrangement will be effective from October 1, 2023. The Parent Company has subscribed for an investment of Rs. 196.00 lacs in TFESPL till December 31, 2023. 8. The above consolidated financial results for the quarter and nine month 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 Consolidated 28008892000.00 251328000.00 28260220000.00 21450217000.00 0.00 355782000.00 481472000.00 576202000.00 201154000.00 2402837000.00 25467664000.00 2792556000.00 0.00 2792556000.00 770852000.00 -55277000.00 715575000.00 0.00 2076981000.00 -1077000.00 0.00 -1077000.00 -3968000.00 2071936000.00 5762000.00 2077698000.00 0.00 0.00 2077698000.00 0.00 269347000.00 2 16.58 16.58 -0.01 -0.01 16.57 16.57 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 39003000.00 202860000.00 1002062000.00 2788588000.00 Freight Rail System 16383534000.00 Passenger Rail System 7530790000.00 23914324000.00 11204978000.00 35119302000.00 Freight Rail System 7802182000.00 Passenger Rail System 3171901000.00 10974083000.00 2749246000.00 13723329000.00 Remeaurement gains/(losses) on defined benefit plans -64000.00 Tax expense on above 16000.00 Remeaurement gains/(losses) on defined benefit plans -158000.00 Tax expense on above 40000.00 -48000.00 -118000.00 0.00 0.00 Net Gain/(Loss) o Foreign Currency Translation Difference 5904000.00 Fair Value Change of Cash Flow Hedges -7542000.00 Tax Expenses on above 1898000.00 Net Gain/(Loss) o Foreign Currency Translation Difference 5595000.00 Fair Value Change of Cash Flow Hedges 381000.00 Tax Expenses on above -96000.00 260000.00 5880000.00 0.00 0.00