Texmaco Rail & Engineering Reports Strong Q3 Growth Amid Rising Interest Expenses
Texmaco Rail & Engineering has announced strong financial results for the quarter ending December 2024, with significant increases in Profit Before Tax and Profit After Tax. Net sales also rose notably, achieving the highest quarterly figures in five quarters. However, interest expenses have increased, indicating higher borrowing costs.
Texmaco Rail & Engineering has reported its financial results for the quarter ending December 2024, showcasing a very positive performance in several key areas. The company has experienced significant growth in Profit Before Tax (PBT), which reached Rs 85.05 crore, reflecting a year-on-year increase of 114.12%. Similarly, Profit After Tax (PAT) surged to Rs 76.72 crore, marking a remarkable growth of 151.6% compared to the previous year. Net sales also demonstrated strong performance, amounting to Rs 1,326.14 crore, which is a 47.93% increase year-on-year. The company achieved its highest quarterly PBT and PAT figures in the last five quarters, indicating a consistent upward trend in profitability. Additionally, the Debtors Turnover Ratio reached a peak of 4.43 times, suggesting improved efficiency in settling receivables.
However, the financial results also highlight a rise in interest expenses, which totaled Rs 74.95 crore, reflecting a 34.85% increase over the previous half-year period. This rise in interest costs may indicate increased borrowings.
Overall, Texmaco Rail's recent evaluation changes reflect a complex financial landscape, with notable strengths in profitability and sales, alongside rising interest costs.
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