During Friday’s trading session, the shares of this small-cap stock surged by 6.3 percent at Rs. 114.6 on BSE, after the company reported Q2 FY25 results with a rise in the net profit of around 1150 percent QoQ and 25 percent YoY.
With a market cap of Rs. 1,387 crores, the shares of Texmaco Infrastructure & Holdings Limited closed in the green at Rs. 108.85, up by nearly 1 percent, as compared to its previous closing price of Rs. 107.8.
What’s the news:
The fluctuations in the share prices were observed after Texmaco Infrastructure & Holdings Limited announced the financial results for Q2 FY25, through the latest filings with the stock exchanges on Friday during market hours.
For Q2 FY25, Texmaco Infrastructure & Holdings reported revenue from operations of Rs. 4.77 crores, reflecting a significant growth of around 19.3 percent QoQ from Rs. 4 crores in Q1 FY25, but a decline of about 8.3 percent YoY from Rs. 5.2 crores in Q2 FY24.
Likewise, the company’s net profit for Q2 FY25 increased to Rs. 2.5 crores, representing a growth of around 1150 percent QoQ from Rs. 0.2 crores in Q1 FY25, and a year-on-year increase of nearly 25 percent from Rs. 2 crores in Q2 FY24.
Under the segmental revenue performance, in Q2 FY25, Texmaco Infrastructure & Holdings experienced a consolidated year-on-year decline of nearly 5.3 percent in the Real Estate segment, totalling Rs. 1.62 crores.
The Mini Hydro segment saw a decrease of about 9.7 percent, reaching Rs. 1.5 crores, while the Job Work Services segment recorded a modest growth of around 0.5 percent, amounting to Rs. 1.8 crores.
Stock Performance:
The stock has delivered positive returns of nearly 38.6 percent in one year, as well as around 10.4 percent returns in the last six months. So far in 2024, the shares of Texmaco Infrastructure & Holdings have given positive returns of about 2.2 percent.
About the company:
Founded in 1939, Texmaco Infrastructure & Holdings Limited has demerged its Heavy Engineering and Steel Foundry businesses, constituting the major part of its operations, into a separate company called Texmaco Rail & Engineering Limited.
Texmaco Infrastructure & Holdings Limited, a part of KK Birla Group, was consolidated under the Adventz Group banner, post-demerger of Heavy Engineering and Steel Foundry businesses, and is presently concentrated in the businesses of Real Estate, Mini Hydro Power, and Job work services.
Written by Shivani Singh
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