Texmaco Infrastructure and Holdings soars 19% after 10x rise in Q4 PAT at ₹1.07 crore

The company’s total revenue in the quarter declined by 14.41% YoY to ₹5.39 crore. The company’s operating loss widened to ₹1.39 crore during the quarter as compared to a loss of ₹1.03 crore in the same period of the previous fiscal.

For the fiscal year 2024, the company’s profit was up by 28.5% YoY to ₹3.96 crore. Total revenue rose 2% YoY to ₹25.86 crore. Texmaco Infrastructure and Holdings’ operating loss for FY24 stood at ₹2.19 crore compared to a loss of ₹1.39 crore in the previous fiscal.

During the financial year, the majority of the company’s consolidated revenue came from its job work segment. This was followed by the real estate and mini hydro segments. The job work segment’s revenue expanded by 10.6% YoY to ₹7.07 crore. Meanwhile, the real estate segment’s revenue contracted by 2.56% YoY to ₹6.78 crore. In FY24, the company reported a net tax benefit of ₹1.33 crore. Finance costs rose to ₹2.44 crore during the year as compared to ₹2.05 crore during the previous fiscal.

Ashok Kumar Vijay, a non-executive director of the company, announced his resignation from the board of directors on Tuesday. Meanwhile, the board of directors of Texmaco Infrastructure and Holdings announced a dividend of ₹0.15 per equity share.

The company’s earnings per share (EPS) increased to ₹0.42 during FY24 as compared to ₹0.24 in the previous fiscal.

Shares of the company have declined over 1.5% since the start of the year. In the past year, the stock has risen by over 87%.