Texmaco Rail & Engineering reports impressive financial results for Q2 FY25
Texmaco Rail & Engineering, a midcap company in the railway industry, has recently announced its financial results for the quarter ending September 2024. The company has shown an outstanding performance with a score of 31, which is an improvement from 27 in the last 3 months.
One of the major highlights of the financial results is the growth in Profit Before Tax (PBT) by 162.96% Year on Year (YoY), which is a very positive trend for the company. Similarly, the Profit After Tax (PAT) has also shown a significant growth of 195.6% YoY, indicating a strong financial performance. The Net Sales have also increased by 67.18% YoY, showing a positive trend in the company’s sales.
Texmaco Rail has also shown a strong ability to manage its interest payments with an Operating Profit to Interest ratio of 3.29 times, which is the highest in the last five quarters. This signifies an improvement in the company’s financial management.
The company has also generated a high Operating Cash Flow of Rs 95.78 crore in the last three years, indicating a strong revenue generation from its business operations. The Net Sales have also been consistently increasing in the last five quarters, with the highest being Rs 1,345.88 crore in the current quarter.
Texmaco Rail has also shown a positive trend in its Operating Profit (PBDIT) and Operating Profit Margin, with the highest being Rs 132.20 crore and 9.82% respectively in the last five quarters. This indicates an improvement in the company’s efficiency and profitability.
The company has also created higher earnings for its shareholders with a high Earnings per Share (EPS) of Rs 1.82 in the last five quarters. However, one area of concern is the rising interest cost, which has increased by 67.53% Quarter on Quarter (QoQ). This signifies increased borrowings by the company.
Overall, Texmaco Rail & Engineering has shown a strong financial performance in the quarter ending September 2024, with positive trends in key financial indicators. MarketsMOJO has given a ‘Hold’ call for the company’s stock, indicating a neutral stance. Investors can keep an eye on the company’s future performance to make informed decisions.
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