The company said that it is already a supplier of rail driver cabin air conditioning system to Indian Railways and the focus om coach air-conditioners is in the line with its strategic direction to expand firm’s business in Railway Electric Mobility segment.

Subros is a manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso Corporation, Japan. The company is the only integrated manufacturing unit in India for auto air conditioning systems and thermal products. It caters to all segments viz. passenger vehicles, buses, trucks, refrigeration transport and railways.

The company reported consolidated net profit of Rs 26.76 crore in Q2 FY24, steeply higher than Rs 9.73 crore posted in Q2 FY23. Net sales stood at Rs 813.37 crore in Q2 FY24, up 17% YoY.

The counter hit an all time high of Rs 530 in today’s intraday session.