Texmo Pipes and Products
Solid growth
Oct 29, 2020 03:10 IST capital market
Tax provision was up 313% to Rs 56 lakh (effective tax rate was up 210 bps to 27.6%) after which PAT rose 270% to Rs 1.48 crore.
H1FY21 results
For 6 months ended Sep20, net sales were down by 9% to Rs 162.94 crore. OPM was up by 60 bps to 6.9% resulting in a 1% decrease in OP to Rs 11.18 crore. Other income was down by 33% to Rs 0.41 crore. Interest cost was down by 26% to Rs 4.78 crore while depreciation was down 1% to Rs 2.98 crore. This resulted in a 59% growth in PBT to Rs 3.83 crore. Tax provision was up 42% to Rs 1.03 crore (effective tax rate was down 310 bps to 26.8%) after which PAT grew by 66% to Rs 2.81 crore.
The scrip trades at Rs 16.36.
Texmo Pipes and Products: Consolidated Results
| 2009 (03) | 1909 (03) | Var.(%) | 2009 (06) | 1909 (06) | Var.(%) | 2003 (12) | 1903 (12) | Var.(%) | |
| Total Operating Income | 81.30 | 50.17 | 62 | 162.94 | 179.10 | -9 | 327.95 | 309.74 | 6 |
| OPM(%) | 7.0% | 9.7% | 6.9% | 6.3% | 6.8% | 5.5% | |||
| OP | 5.69 | 4.88 | 17 | 11.18 | 11.27 | -1 | 22.41 | 17.02 | 32 |
| Other Income | 0.14 | 0.35 | -61 | 0.41 | 0.62 | -33 | 1.02 | 1.31 | -22 |
| PBIDT | 5.83 | 5.23 | 11 | 11.59 | 11.89 | -2 | 23.43 | 18.33 | 28 |
| Interest | 2.34 | 3.20 | -27 | 4.78 | 6.46 | -26 | 10.52 | 9.70 | 8 |
| PBDT | 3.49 | 2.04 | 71 | 6.82 | 5.43 | 25 | 12.91 | 8.63 | 50 |
| Depreciation | 1.45 | 1.50 | -3 | 2.98 | 3.01 | -1 | 6.20 | 5.60 | 11 |
| PBT Before EO | 2.04 | 0.53 | 281 | 3.83 | 2.42 | 59 | 6.71 | 3.02 | 122 |
| EO | 0.00 | 0.00 | 0.00 | 0.00 | 0.94 | -0.61 | |||
| PBT after EO | 2.04 | 0.53 | 281 | 3.83 | 2.42 | 59 | 5.78 | 3.63 | 59 |
| Tax provision | 0.56 | 0.14 | 313 | 1.03 | 0.72 | 42 | 1.79 | 0.81 | 122 |
| PAT | 1.48 | 0.40 | 270 | 2.81 | 1.69 | 66 | 3.98 | 2.82 | 41 |
| Net Profit after PPA | 1.48 | 0.40 | 270 | 2.81 | 1.69 | 66 | 3.94 | 2.97 | 33 |
| EPS (Rs)* | # | # | # | # | 1.6 | 0.8 | |||
| * Annualized on fully diluted Equity Of Rs 29.2 Crore of face value of Rs 10 each EO: Extraordinary Items, PL: Profit to Loss EPS Is Calculated After Excluding EO And Relevant Tax # EPS not annualised due to seasonality of business Figures In Rs Crore Source: Capitaline Database | |||||||||
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