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TEXMACO INFRA Announces Quarterly Results (4QFY19); Net Profit Down 88.0%

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TEXMACO INFRA Announces Quarterly Results (4QFY19); Net Profit Down 88.0%
Thu, 16 May

TEXMACO INFRA has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

TEXMACO INFRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m292422-8.3%-23.9%
Other incomeRs m252726-3.3%4.6%
TurnoverRs m545148-5.7%-10.6%
ExpensesRs m23293316.4%47.3%
Gross profitRs m6-5-12-292.0%
DepreciationRs m77711.9%12.2%
InterestRs m866-7.6%-28.6%
Profit before taxRs m1692-83.7%-90.6%
TaxRs m120-116.5%-138.4%
Profit after taxRs m1672-74.8%-88.0%
Gross profit margin%21.0-20.5-52.9
Effective tax rate%5.221.2-21.4
Net profit margin%28.814.53.9
* 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 23.9% on a year-on-year (YoY) basis. The expenses were up by 47.3% YoY during the same period.
  • The company's operating profit declined by 292.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 52.9% in 4QFY19 as against 21.0% in 4QFY18.
  • Depreciation charges increased by 12.2% and finance costs declined by 28.6% YoY, respectively.
  • Other income increased by 4.6% YoY during the quarter.
  • Net profit for the quarter declined by 88.0% YoY. Net profit margins during the quarter declined from 28.8% in 4QFY18 to 3.9% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.4% QoQ during the same period.
  • The company's operating profit declined by 136.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 52.9% in 4QFY19 as against 20.5% in 3QFY18.
  • Net profit for the quarter declined by 74.8% QoQ, while net profit margins declined from 13.7% in 3QFY18 to 3.9% in 4QFY19.

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 67.1 to Rs 48.5, registering a Loss of Rs 18.6 or around 27.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,258.6 (down 0.7%). Over the last one year it has moved down from 18,971.9 to 17,258.6, a gain of 1,713 points (down 9.0%).

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 48.5, the price to earnings (P/E) ratio of TEXMACO INFRA stands at 88.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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