TEXMACO INFRA Announces Quarterly Results (4QFY18); Net Profit Down 66.0%

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TEXMACO INFRA Announces Quarterly Results (4QFY18); Net Profit Down 66.0%
Fri, 20 Jul

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

TEXMACO INFRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m293329-13.7%-0.3%
Other incomeRs m3423258.7%-24.8%
TurnoverRs m625654-4.5%-13.5%
ExpensesRs m21192319.1%6.4%
Gross profitRs m8146-57.6%-19.7%
DepreciationRs m677-2.5%1.2%
InterestRs m07816.9%13733.3%
Profit before taxRs m352416-30.5%-52.5%
TaxRs m-1141-75.4%
Profit after taxRs m462016-22.7%-66.0%
Gross profit margin%26.042.721.0
Effective tax rate%-32.514.85.2
Net profit margin%73.335.628.8
* 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 0.3% on a year-on-year (YoY) basis. The expenses were up by 6.4% YoY during the same period.
  • The company's operating profit declined by 19.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.0% in 4QFY18 as against 26.0% in 4QFY17.
  • Depreciation charges and finance costs increased by 1.2% YoY and 13733.3% YoY, respectively.
  • Other income declined by 24.8% YoY during the quarter.
  • Net profit for the quarter declined by 66.0% YoY. Net profit margins during the quarter declined from 73.3% in 4QFY17 to 28.8% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 13.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 19.1% QoQ during the same period.
  • The company's operating profit declined by 57.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.0% in 4QFY18 as against 42.7% in 3QFY17.
  • Net profit for the quarter declined by 22.7% QoQ, while net profit margins declined from 35.7% in 3QFY17 to 28.8% in 4QFY18.

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 56.1 to Rs 55.3, registering a Loss of Rs -0.9 or around 1.5%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,489.0 (up 0.9%). Over the last one year it has moved down from 17,771.6 to 17,489.0, a gain of -282.6 points (down 1.6%).

Overall, the S&P BSE SENSEX is up 0.2% over the year.

Current Valuations

At the current price of Rs 55.3, the price to earnings (P/E) ratio of TEXMACO INFRA stands at 73.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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