Titagarh Wagons Ltd (TWL) reported sharp drop in the fourth quarter of the FY12 profits to Rs 12.94 crore on the back of lower income from operations at Rs 128.77 crore.
In the corresponding quarter of 2010-11, it had recorded a net of Rs 27.29 crore and operational income of Rs 232.78 crore.
For the whole of 2011-12, its net stood at Rs 76.62 crore (Rs 81.39 crore).
The board recommended a dividend of Rs 8 a share of Rs 10 each.