The Exchange had sought clarification from Texmaco Infrastructure & Holdings Limited for the quarter ended 31-Mar-2024 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
TEXINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Texmaco Infrastructure reported audited FY24 results with standalone total income of Rs 1,937.89 lakhs (down from Rs 1,968.17 lakhs in FY23) and standalone profit after tax of Rs 356.99 lakhs (flat vs Rs 359.40 lakhs). The consolidated PAT was higher at Rs 540.12 lakhs due to Rs 144.02 lakhs contribution from associate Lionel India Limited. Q4 standalone showed a loss before tax of Rs 64.91 lakhs, recovering from a Q3 profit of Rs 80.52 lakhs. The Board recommended a dividend of 15% (Rs 0.15 per share of face value Re 1). Non-Executive Director Mr Ashok Kumar Vijay resigned citing other commitments effective 14 May 2024. Auditors gave unmodified opinions on both standalone and consolidated financials. Total assets nearly doubled to Rs 1,57,951 lakhs from Rs 68,069 lakhs, largely due to revaluation of investments. The company operates in real estate, mini hydro, and job work services segments.
The standalone revenue decline and Q4 loss may concern investors, though the associate contribution boosted consolidated profits. The dividend and clean audit provide some support. The director resignation and declining standalone performance could create near-term negative sentiment.