TITAGARH2024-10-012024-12-31 TITAGARH2024-10-012024-12-31 TITAGARH2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member TITAGARH2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member TITAGARH2024-12-31 TITAGARH2024-10-012024-12-31in-bse-fin:OneReportableSegmentRevenue01Member TITAGARH2024-10-012024-12-31in-bse-fin:OneReportableSegmentRevenue02Member TITAGARH2024-10-012024-12-31in-bse-fin:FourReportableSegmentRevenue01Member TITAGARH2024-10-012024-12-31in-bse-fin:FourReportableSegmentRevenue02Member TITAGARH2024-10-012024-12-31in-bse-fin:OneReportableSegmentResults01Member TITAGARH2024-10-012024-12-31in-bse-fin:OneReportableSegmentResults02Member TITAGARH2024-10-012024-12-31in-bse-fin:FourReportableSegmentResults01Member TITAGARH2024-10-012024-12-31in-bse-fin:FourReportableSegmentResults02Member TITAGARH2024-10-012024-12-31in-bse-fin:OneReportableSegmentAssets01Member TITAGARH2024-10-012024-12-31in-bse-fin:OneReportableSegmentAssets02Member TITAGARH2024-10-012024-12-31in-bse-fin:OneReportableSegmentLiabilities01Member TITAGARH2024-12-31in-bse-fin:OneReportableSegmentLiabilities01Member TITAGARH2024-10-012024-12-31in-bse-fin:OneReportableSegmentLiabilities02Member TITAGARH2024-12-31in-bse-fin:OneReportableSegmentLiabilities02Member TITAGARH2024-10-012024-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member TITAGARH2024-10-012024-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member TITAGARH2024-10-012024-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member TITAGARH2024-10-012024-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss02Member TITAGARH2024-10-012024-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member TITAGARH2024-10-012024-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member TITAGARH2024-10-012024-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss03Member TITAGARH2024-10-012024-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member TITAGARH2024-10-012024-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss02Member TITAGARH2024-10-012024-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss03Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532966 TITAGARH NOTLISTED TITAGARH RAIL SYSTEMS LIMITED Equity 2024-04-01 2025-03-31 2025-02-13 2025-02-08 INR Crores Third quarter 16:30:00 19:00:00 2025-02-13 2025-02-13 Not applicable Multi segment 2024-10-01 2024-12-31 Unaudited Consolidated 9021800000.00 224800000.00 9246600000.00 6979900000.00 0.00 -106100000.00 218000000.00 211000000.00 63600000.00 929200000.00 8295600000.00 951000000.00 0.00 951000000.00 237500000.00 24100000.00 261600000.00 0.00 689400000.00 4100000.00 0.00 4100000.00 -65800000.00 627700000.00 11900000.00 639600000.00 639600000.00 0.00 269300000.00 2 4.63 4.63 0.03 0.03 4.66 4.66 Notes: 1. The consolidated financial results of Titagarh Rail Systems Limited (formerly Titagarh Wagons Limited) (hereinafter referred to as the Holding 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 four joint ventures namely Titagarh Mermec Private Limited, Ramkrishna Titagarh Rail Wheels Limited (w.e.f June 09, 2023), Titagarh Firema Engineering Services Private Limited (w.e.f September 16, 2023) and Shivaliks Mercantile Private Limited (w.e.f February 12, 2024). 2. The reportable operating segment identified for the Group are Freight Rail Systems (which includes shipbuilding, bridges and defence) and Passenger Rail Systems 3. Discontinued operations for the reported period relates to TSPL, the voluntary winding up of which has already been initiated in the earlier years in accordance with local laws. Accordingly, the financial statements of TSPL has been prepared on liquidation basis (fair value) and the results for all the period reported has been disclosed as discontinuing operations. 4. The sale of wagons to Indian Railways was impacted in the current quarter due to inadequate supply of wheelsets from the Rail wheel factory due to which the customer (Indian Railways) has extended the delivery period. 5. The Nomination and Remuneration Committee of Holding Company granted 5,00,000 options to eligible employees under the TRSL ESOP Scheme 2023 at its meeting held on 3rd February 2025, at an exercise price of Rs. 860 per option. The options will vest over five years i.e. 10%, 15%, 20%, 25%, and 30% each year. Each option, when exercised, will entitle the employee to one fully paid equity share of Rs. 2/-. 6. Subsequent to the quarter, the Holding Company has subscribed to the rights issue of equity shares by Titagarh Firema Engineering Services Private Limited (TFESPL), a Joint Venture amounting to Rs 2 crores and has also approved amendments to the Joint Venture Agreement (JVA). Upon allotment and execution of amendments to JVA, TFESPL will become a subsidiary of the Group. 7. The above consolidated financial results for the quarter ended December 31, 2024 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 13, 2025. Multi segment 2024-04-01 2024-12-31 Unaudited Consolidated 28621800000.00 454900000.00 29076700000.00 21953300000.00 0.00 -123100000.00 588700000.00 510900000.00 211500000.00 2889700000.00 26031000000.00 3045700000.00 0.00 3045700000.00 795200000.00 -3200000.00 792000000.00 0.00 2253700000.00 1800000.00 0.00 1800000.00 -150800000.00 2104700000.00 3200000.00 2107900000.00 2107900000.00 0.00 269300000.00 2 15.61 15.61 0.01 0.01 15.62 15.62 Other Expenses 929200000.00 Other Expenses 2889700000.00 Freight Rail Systemst 8527900000.00 Passenger Rail Systemst 493900000.00 Freight Rail Systemst 26950100000.00 Passenger Rail Systemst 1671700000.00 9021800000.00 28621800000.00 9021800000.00 28621800000.00 Freight Rail Systemst 1017900000.00 Passenger Rail Systemst 46600000.00 Freight Rail Systemst 3300900000.00 Passenger Rail Systemst 119000000.00 1064500000.00 3419900000.00 -2300000.00 4200000.00 181600000.00 520800000.00 885200000.00 2894900000.00 Freight Rail Systemst 18234200000.00 Passenger Rail Systemst 7827700000.00 26061900000.00 11736300000.00 37798200000.00 Freight Rail Systemst 5322200000.00 Passenger Rail Systemst 2356400000.00 7678600000.00 5936200000.00 13614800000.00 Remeasurement gains/ (losses) on defined benefit plans -300000.00 Tax expenses on above 0.00 Remeasurement gains/ (losses) on defined benefit plans -900000.00 Tax expenses on above 200000.00 -300000.00 -700000.00 0.00 0.00 Net Gain/ (Loss) on Foreign Currency Translation Differences -3200000.00 Fair value change of cash flow hedges 20600000.00 Tax expenses on above -5200000.00 Net Gain/ (Loss) on Foreign Currency Translation Differences -900000.00 Fair value change of cash flow hedges 6400000.00 Tax expenses on above -1600000.00 12200000.00 3900000.00 0.00 0.00