Titagarh Rail Systems on Saturday reported a consolidated net profit of ₹80.69 crore for the second quarter ended September 30, up 14.3 per cent from ₹70.59 crore in the corresponding previous quarter.

Consolidated total income during the quarter was ₹1067.67 crore, up 13.31 per cent from ₹942.22 crore in the corresponding period of the previous year.

As of September 30, the company’s orderbook stood at ₹12,207 crore, of which 56.10 per cent is in the passenger rolling stock, while 43.90 per cent was in freight rolling stock. The share of orders from joint ventures was ₹13,326 crore.

The company on Saturday in a presentation to the investors said that it is expanding the rolling stock capacity from 300 per annum at present to 1200 per annum by FY28 with the capability to produce different types of passenger coaches, including aluminium stainless steel and carbon steel. The company is also working on a phase wise strategy to expand its capacity in propulsion and electrical systems.

The overall estimated capex spend in building capacity in metro and passenger coaches and propulsion is around ₹600 crore by FY27.