TEXMACO INFRA Announces Quarterly Results (3QFY19); Net Profit Down 63.1%

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TEXMACO INFRA Announces Quarterly Results (3QFY19); Net Profit Down 63.1%
Wed, 13 Feb

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

TEXMACO INFRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m334624-47.8%-28.3%
Other incomeRs m235127-46.5%17.5%
TurnoverRs m569751-47.1%-9.5%
ExpensesRs m19212935.9%50.7%
Gross profitRs m145-5-191.7%-134.4%
DepreciationRs m7770.0%-2.2%
InterestRs m776-2.7%-9.6%
Profit before taxRs m24439-78.2%-60.1%
TaxRs m4020.0%-42.9%
Profit after taxRs m20437-82.8%-63.1%
Gross profit margin%42.711.7-20.5
Effective tax rate%14.80.021.2
Net profit margin%35.644.714.5
* 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 fell 28.3% on a year-on-year (YoY) basis. The expenses were up by 50.7% YoY during the same period.
  • The company's operating profit declined by 134.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.5% in 3QFY19 as against 42.7% in 3QFY18.
  • Depreciation charges declined by 2.2% and finance costs declined by 9.6% YoY, respectively.
  • Other income increased by 17.5% YoY during the quarter.
  • Net profit for the quarter declined by 63.1% YoY. Net profit margins during the quarter declined from 35.6% in 3QFY18 to 14.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 47.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 35.9% QoQ during the same period.
  • The company's operating profit declined by 191.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.5% in 3QFY19 as against 11.7% in 2QFY18.
  • Net profit for the quarter declined by 82.8% QoQ, while net profit margins declined from 44.3% in 2QFY18 to 14.5% in 3QFY19.

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 63.7 to Rs 55.4, registering a Loss of Rs 8.3 or around 13.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,489.9 (down 0.5%). Over the last one year it has moved down from 19,558.3 to 16,489.9, a gain of 3,068 points (down 15.7%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 55.4, the price to earnings (P/E) ratio of TEXMACO INFRA stands at 84.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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