TITAGARH2023-07-012023-09-30 TITAGARH2023-07-012023-09-30 TITAGARH2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member TITAGARH2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member TITAGARH2023-09-30 TITAGARH2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue01Member TITAGARH2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue02Member TITAGARH2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue01Member TITAGARH2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue02Member TITAGARH2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults01Member TITAGARH2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults02Member TITAGARH2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults01Member TITAGARH2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults02Member TITAGARH2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets01Member TITAGARH2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets02Member TITAGARH2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member TITAGARH2023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member TITAGARH2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member TITAGARH2023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member TITAGARH2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member TITAGARH2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member TITAGARH2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member TITAGARH2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member TITAGARH2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member TITAGARH2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532966 TITAGARH NOTLISTED TITAGARH RAIL SYSTEMS LIMITED Equity 2023-04-01 2024-03-31 2023-10-18 2023-10-11 INR Lakhs Half yearly 13:00:00 19:00:00 2023-10-18 2023-10-18 true Cash Flow Indirect Not applicable Multi segment 2023-07-01 2023-09-30 Unaudited Consolidated 9354517000.00 67706000.00 9422223000.00 6796391000.00 0.00 418178000.00 172795000.00 202828000.00 66881000.00 816287000.00 8473360000.00 948863000.00 0.00 948863000.00 259581000.00 -19658000.00 239923000.00 0.00 708940000.00 1912000.00 0.00 1912000.00 -4915000.00 705937000.00 -5608000.00 700329000.00 700329000.00 0.00 0.00 254342000.00 2 5.56 5.56 0.02 0.02 5.58 5.58 Notes: 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. For Note no. please refer pdf submitted for quick results 3. In case of Parent Company, majority of the orders in the passenger rail segment i.e. Vande Bharat trainsets order (in consortium with BHEL), metro coaches order for Surat and Ahmedabad from GMRCL has been awarded recently and is currently under design and developmental phase, whose delivery schedule as per the contractual terms will commence from second half of next year onwards. 4. The Operating segment based on the Group's products has been identified as Freight Rail Systems (which includes shipbuiding, bridges and defence) and Passenger Rail Systems . 5. Pursuant to approval by the Board of Directors and the Shareholders of the Parent Company in their meetings held on June 10, 2023 on July 4, 2023 respectively, and approval of Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), the Audit Committee as authorised by the Board of Directors, allotted 76,00,000 Equity Shares on Preferential basis to Smallcap World Fund Inc, a SEBI Registered FPI, at a price of Rs.380 per share (Face Value: Rs. 2 each fully paid up) including premium of Rs.378 per share. The Parent Company received listing approval from BSE and NSE on July 19, 2023 and July 20, 2023 respectively and trading approval on July 25, 2023. These allotted equity shares shall be under lock in for six months from the date of trading approval as per existing regulations. 6. A Joint Venture 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. 7. The above consolidated financial results for the quarter ended September 30, 2023, have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on October 18, 2023. Multi segment 2023-04-01 2023-09-30 Unaudited Consolidated 18462104000.00 106593000.00 18568697000.00 14063317000.00 0.00 271655000.00 330809000.00 393855000.00 133230000.00 1584391000.00 16777257000.00 1791440000.00 0.00 1791440000.00 494425000.00 -29712000.00 464713000.00 0.00 1326727000.00 1900000.00 0.00 1900000.00 -4915000.00 1323712000.00 5552000.00 1329264000.00 1329264000.00 0.00 0.00 254342000.00 2 10.74 10.74 0.02 0.02 10.76 10.76 Other Expenses 816287000.00 Other Expenses 1584391000.00 0.00 6141020000.00 584992000.00 82124000.00 0.00 975289000.00 585000.00 317981000.00 0.00 571044000.00 889025000.00 286868000.00 594266000.00 9554169000.00 4034247000.00 0.00 6195822000.00 966802000.00 735076000.00 0.00 384865000.00 8282565000.00 5401040000.00 17717852000.00 7113000.00 27279134000.00 254342000.00 13591739000.00 13846081000.00 13846081000.00 435553000.00 966751000.00 1402304000.00 35601000.00 106898000.00 1422816000.00 2967619000.00 2168367000.00 2617963000.00 355559000.00 5141889000.00 4982356000.00 74815000.00 258424000.00 10457484000.00 7950000.00 13433053000.00 27279134000.00 Freight Rail Systems 8008607000.00 Passenger Rail Systems 1345910000.00 Freight Rail Systems 15469401000.00 Passenger Rail Systems 2992703000.00 9354517000.00 18462104000.00 9354517000.00 18462104000.00 Freight Rail Systems 1077000000.00 Passenger Rail Systems 35928000.00 Freight Rail Systems 2048963000.00 Passenger Rail Systems 99735000.00 1112928000.00 2148698000.00 95737000.00 203230000.00 73243000.00 158943000.00 943948000.00 1786525000.00 Freight Rail Systems 14858250000.00 Passenger Rail Systems 7628954000.00 22487204000.00 4791930000.00 27279134000.00 Freight Rail Systems 6759050000.00 Passenger Rail Systems 3357631000.00 10116681000.00 3316372000.00 13433053000.00 393855000.00 478566000.00 -3463096000.00 0.00 0.00 0.00 0.00 0.00 0.00 -610928000.00 0.00 0.00 0.00 133230000.00 0.00 45232000.00 0.00 84707000.00 0.00 16923000.00 0.00 55304000.00 0.00 0.00 0.00 0.00 0.00 -2161000.00 4915000.00 -2974061000.00 -1182621000.00 0.00 0.00 0.00 288762000.00 -3016000.00 -1474399000.00 0.00 0.00 0.00 0.00 0.00 5500000.00 0.00 0.00 0.00 584640000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 40537000.00 0.00 -245023000.00 0.00 -794626000.00 0.00 0.00 15200000.00 0.00 0.00 6700000.00 0.00 0.00 340466000.00 236500000.00 0.00 67387000.00 388000.00 236555000.00 0.00 2872800000.00 2680936000.00 411911000.00 836000.00 412747000.00 554055000.00 966802000.00 Remeasurement gains/(losses) on defined benefit plans -46000.00 Remeasurement gains/(losses) on defined benefit plans -93000.00 -46000.00 -93000.00 -12000.00 -24000.00 Net Gain/(Loss) on Foreign currency Translation Differences -1207000.00 Fair value changes of cash flow hedges -5836000.00 Net Gain/(Loss) on Foreign currency Translation Differences -309000.00 Fair value changes of cash flow hedges 7924000.00 -7043000.00 7615000.00 -1469000.00 1994000.00