TITAGARH2024-01-012024-03-31 TITAGARH2024-01-012024-03-31 TITAGARH2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member TITAGARH2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member TITAGARH2024-03-31 TITAGARH2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue01Member TITAGARH2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue02Member TITAGARH2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue01Member TITAGARH2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue02Member TITAGARH2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults01Member TITAGARH2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults02Member TITAGARH2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults01Member TITAGARH2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults02Member TITAGARH2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets01Member TITAGARH2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets02Member TITAGARH2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member TITAGARH2024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member TITAGARH2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member TITAGARH2024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member TITAGARH2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member TITAGARH2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member TITAGARH2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member TITAGARH2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss02Member TITAGARH2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member TITAGARH2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member TITAGARH2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member TITAGARH2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532966 TITAGARH NOTLISTED TITAGARH RAIL SYSTEMS LIMITED Equity 2023-04-01 2024-03-31 2024-05-15 2024-05-08 INR Lakhs Yearly 12:30:00 19:15:00 2024-05-15 2024-05-15 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2024-01-01 2024-03-31 Unaudited Standalone 10524111000.00 147449000.00 10671560000.00 8066829000.00 0.00 7979000.00 181430000.00 158340000.00 69858000.00 1067151000.00 9551587000.00 1119973000.00 0.00 1119973000.00 259025000.00 26802000.00 285827000.00 0.00 834146000.00 0.00 0.00 0.00 0.00 834146000.00 445000.00 834591000.00 0.00 0.00 269348000.00 2 6.55 6.55 0.00 0.00 6.55 6.55 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 (PRS) Revenue from operations in PRS segment for current qtr has been impacted on account of near completion of the pune metro contract.Other projects in this segment i.e. Bangalore metro(CRRC), Surat Ahmedabad metro and Vande Bharat trains are in various stages of execution and contractual deliveries will start subsequently. During the year the Company has raised Rs.28,880 lacs through issue of 7600000 fresh equity shares by way of preferential allotment and Rs. 69999.99lacs through issue of 7502679 fresh equity shares by way of QIP. During the year the Company has invested in the following joint ventures: a)Ramkrishna Titagarh Rail Wheels Limited on 09/06/23 the Company and Ramkrishna Forgings Limited formed a JV,RTRWL for manufacturing and supply of forged wheels under long term agreement under Aatma Nirbhar Bharat.The Company has invested Rs.6124.88lacs in RTRWL till 31/03/24. b)Titagarh Firema Engineering Services Private Limited On 16/09/23 the Company and Titagarh Firema SPA(Firema) formed TFESPL to carry on the business of research, engineering and design related services to support PRS segment business.The Company has invested Rs.196lacs in TFESPL till 31/03/24. c)Shivaliks Mercantile Private Limited On 24/01/24, the Company & Sidwal Refrigeration Private Limited, a WOS of Amber Enterprises India Ltd, entered into a strategic alliance pursuant whereto they have invested Rs.10,000lacs each in the equity capital of SMPL, a JV-SPV company Shivaliks for making fresh investments into Firema alongwith fresh investment by Invitalia an investment arm of Government of Italy and to carry on the business of railway components and subsystems for Rolling Stock. SMPL holds 35.12% of the equity share capital of Firema as at 31/03/24. Board of Directors recommended a dividend of Re.0.80 per Ordinary (Equity) Share of Rs.2 each 40% for the FY23-24 subject to approval of shareholders at ensuing AGM. The figures for the last quarter are the balancing figures between audited figures in respect of the full FY upto 31/03/24, 31/03/23 and unaudited published year to date figures upto 31/12/23, 31/12/22, being the date of the end of the third qtr of FY respectively which were subject to limited review. Previous period year figures have been reclassified to confirm with current period / year figures. The above standalone financial results for the qtr and year ended 31/03/24 have been reviewed by Audit Committee and approved by Board at their respective meetings held on 15/12/24. Multi segment 2023-04-01 2024-03-31 Audited Standalone 38533004000.00 456717000.00 38989721000.00 29517047000.00 0.00 363761000.00 662903000.00 734542000.00 271012000.00 3469988000.00 35019253000.00 3970468000.00 0.00 3970468000.00 1029876000.00 -28476000.00 1001400000.00 0.00 2969068000.00 0.00 0.00 0.00 0.00 2969068000.00 614000.00 2969682000.00 0.00 0.00 269348000.00 2 0.00 23.30 23.30 0.00 0.00 23.30 23.30 Other Expenses 1067151000.00 Other Expenses 3469988000.00 6476724000.00 1078038000.00 82124000.00 0.00 923721000.00 669058000.00 2129327000.00 0.00 538320000.00 2667647000.00 344562000.00 219283000.00 12461157000.00 5237235000.00 0.00 5325229000.00 3268843000.00 2801128000.00 0.00 131384000.00 11526584000.00 3037909000.00 19801728000.00 32262885000.00 269348000.00 22012745000.00 22282093000.00 22282093000.00 373575000.00 2164917000.00 2538492000.00 35409000.00 106446000.00 2680347000.00 288985000.00 3194444000.00 3475653000.00 6959082000.00 39987000.00 167115000.00 134261000.00 0.00 7300445000.00 0.00 0.00 9980792000.00 32262885000.00 Freight Rail Systems 10168730000.00 Passenger Rail Systems 355381000.00 Freight Rail Systems 34175739000.00 Passenger Rail Systems 4357265000.00 10524111000.00 38533004000.00 10524111000.00 38533004000.00 Freight Rail Systems 1278602000.00 Passenger Rail Systems 7469000.00 Freight Rail Systems 4432407000.00 Passenger Rail Systems 131509000.00 1286071000.00 4563916000.00 -1810000.00 284587000.00 167908000.00 308861000.00 1119973000.00 3970468000.00 Freight Rail Systems 15516208000.00 Passenger Rail Systems 5925793000.00 21442001000.00 10820884000.00 32262885000.00 Freight Rail Systems 6699422000.00 Passenger Rail Systems 2018749000.00 8718171000.00 1262620000.00 9980791000.00 734542000.00 -784783000.00 -2610403000.00 0.00 0.00 1541870000.00 0.00 0.00 0.00 -16046000.00 0.00 -1285427000.00 0.00 271012000.00 0.00 123449000.00 0.00 0.00 0.00 5640000.00 57940000.00 195464000.00 0.00 -51946000.00 0.00 0.00 0.00 288849000.00 0.00 -2036647000.00 1933821000.00 0.00 0.00 0.00 1006070000.00 0.00 927751000.00 0.00 0.00 0.00 0.00 0.00 1632088000.00 0.00 0.00 0.00 1635234000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 837250000.00 3103460000.00 0.00 0.00 0.00 0.00 57940000.00 164903000.00 0.00 0.00 0.00 -5310689000.00 0.00 0.00 9746777000.00 0.00 0.00 0.00 0.00 0.00 0.00 1834016000.00 0.00 135154000.00 63811000.00 469938000.00 0.00 0.00 7243858000.00 2860920000.00 0.00 2860920000.00 407923000.00 3268843000.00 Remeasurement (gains)/loss on defined benefit plans -1040000.00 Income tax on above 261000.00 Remeasurement (gains)/loss on defined benefit plans -1197000.00 Income tax on above 301000.00 -779000.00 -896000.00 0.00 0.00 Fair Value change in Cash Flow hedges 1711000.00 Income tax on above -487000.00 Fair Value change in Cash Flow hedges 2093000.00 Income tax on above -583000.00 1224000.00 1510000.00 0.00 0.00