TEXMACO INFRA Announces Quarterly Results (2QFY19); Net Profit Up 20.2%

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TEXMACO INFRA Announces Quarterly Results (2QFY19); Net Profit Up 20.2%
Mon, 12 Nov

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

TEXMACO INFRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m28364626.7%61.9%
Other incomeRs m432351125.4%18.2%
TurnoverRs m71599764.8%35.5%
ExpensesRs m2621210.1%-17.5%
Gross profitRs m3155-64.3%107.0%
DepreciationRs m6770.0%4.1%
InterestRs m0679.1%0.0%
Profit before taxRs m39254373.2%9.5%
TaxRs m480-100.0%-100.0%
Profit after taxRs m361743147.8%20.2%
Gross profit margin%9.141.411.7
Effective tax rate%8.930.10.0
Net profit margin%50.329.744.7
* 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 61.9% on a year-on-year (YoY) basis. The expenses were down by 17.5% YoY during the same period.
  • The company's operating profit increased by 107.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.7% in 2QFY19 as against 9.1% in 2QFY18.
  • Depreciation charges increased by 4.1% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 18.2% YoY during the quarter.
  • Net profit for the quarter increased by 20.2% YoY. Net profit margins during the quarter declined from 50.3% in 2QFY18 to 44.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 26.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.1% QoQ during the same period.
  • The company's operating profit declined by 64.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.7% in 2QFY19 as against 41.4% in 1QFY18.
  • Net profit for the quarter increased by 147.8% QoQ, while net profit margins increased from 28.8% in 1QFY18 to 44.7% in 2QFY19.

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 48.1 to Rs 59.7, registering a Gain of Rs 11.6 or around 24.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,259.7 (up 0.1%). Over the last one year it has moved down from 18,736.1 to 18,259.7, a gain of 476 points (down 2.5%).

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 59.7, the price to earnings (P/E) ratio of TEXMACO INFRA stands at 79.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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