Results - Announcements
Texmo Pipes & Products Ltd share price inched up 2.31% to Rs 50.43. The Company's net profit tanked by 57.72% to Rs 2.71 crore, while revenue from operations nosedived 23.42% to Rs 89.95 crore in Q2FY27 over Q2FY26.
The market capitalization of Plastic Products - Industrial industry group stocks on BSE stood at Rs 1.47 lakh crore, jumping 16.54%. It has marginally improved by 3.22% over last one week and dipped slightly by 5.84% in last one month while the market capitalization of Texmo Pipes & Products Ltd has improved by 0.24% and 9.51% in the same period respectively.
Profit before tax (PBT) of Texmo Pipes & Products Ltd stood at Rs 3.42 crore in Q2 FY27, heading higher 13.62% year-on-year, and nosediving by 58.60% quarter-on-quarter. EBITDA came in at Rs 6 crore, advancing by 10.54% YoY and tanking 40.67% sequentially.
Total expenses saw a steep drop of 21.01% to Rs 85.91 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 65.6 crore, declining 17.92% YoY, while employee benefits expense was at Rs 7.62 crore, easing 1.06% YoY.
For FY26, revenue from operations eased 3.96% to Rs 375.71 crore, while net profit witnessed a sharp fall of 22.65% to Rs 13.9 crore, compared to previous FY. EBITDA jumped by 2922% to Rs 27.12 crore, and PBT registered a growth of 13.33% to Rs 19.64 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 0.99 crore in FY26, as against Rs 20.35 crore in FY25.
Texmo Pipes & Products Ltd crashed 8.48% in last one year, underperforming the benchmark BSE Sensex which has slipped by 3.03% during the same period.