TEXMACO INFRA Announces Quarterly Results (1QFY19); Net Profit Down 30.1%

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TEXMACO INFRA Announces Quarterly Results (1QFY19); Net Profit Down 30.1%
Fri, 3 Aug

TEXMACO INFRA has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

TEXMACO INFRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m34293625.4%5.0%
Other incomeRs m252523-10.3%-10.8%
TurnoverRs m6054598.7%-1.7%
ExpensesRs m182321-7.0%17.2%
Gross profitRs m16615147.7%-8.5%
DepreciationRs m6770.3%9.9%
InterestRs m186-27.1%696.1%
Profit before taxRs m35162551.9%-28.6%
TaxRs m1018772.1%-25.0%
Profit after taxRs m25161712.0%-30.1%
Gross profit margin%47.521.041.4
Effective tax rate%28.65.230.1
Net profit margin%41.828.829.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 5.0% on a year-on-year (YoY) basis. The expenses were up by 17.2% YoY during the same period.
  • The company's operating profit declined by 8.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 41.4% in 1QFY19 as against 47.5% in 1QFY18.
  • Depreciation charges and finance costs increased by 9.9% YoY and 696.1% YoY, respectively.
  • Other income declined by 10.8% YoY during the quarter.
  • Net profit for the quarter declined by 30.1% YoY. Net profit margins during the quarter declined from 41.8% in 1QFY18 to 29.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 25.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.0% QoQ during the same period.
  • The company's operating profit increased by 147.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 41.4% in 1QFY19 as against 21.0% in 4QFY18.
  • Net profit for the quarter increased by 12.0% QoQ, while net profit margins increased from 29.6% in 4QFY18 to 29.7% in 1QFY19.

To see how TEXMACO INFRA has performed over the last eight quarters, please visit here.

TEXMACO INFRA Share Price Performance

Over the last one year, TEXMACO INFRA share price has moved up from Rs 49.8 to Rs 63.0, registering a Gain of Rs 13.2 or around 26.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,304.9 (up 0.7%). Over the last one year it has moved up from 17,700.0 to 18,304.9, a gain of 605 points (up 3.4%).

Overall, the S&P BSE SENSEX is up 1.1% over the year.

Current Valuations

At the current price of Rs 63.0, the price to earnings (P/E) ratio of TEXMACO INFRA stands at 90.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

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Feb 19, 2020 03:35 PM

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