Texmo Pipes and Products Limited has informed the Exchange regarding 'Announcements and Updates pertaining to Outcome of Board Meeting held on May 28, 2026'.
TEXMOPIPES · price
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Texmo Pipes and Products Limited reported FY2026 standalone revenue of ₹35,259 Lakhs (down from ₹36,606 Lakhs in FY2025), a decline of approximately 3.7%. Net profit dropped sharply to ₹1,126 Lakhs from ₹1,746 Lakhs in the prior year, representing a 35.5% decline. On a consolidated basis, revenue stood at ₹37,571 Lakhs (vs ₹39,120 Lakhs) and net profit at ₹1,390 Lakhs (vs ₹1,797 Lakhs). The company reported a significant negative operating cash flow of ₹-1,289 Lakhs compared to ₹3,000 Lakhs positive in FY2025, primarily due to increased working capital requirements - inventory rose by ₹1,345 Lakhs and trade receivables increased by ₹1,910 Lakhs. Bad debts surged to ₹481 Lakhs (vs ₹156 Lakhs). The auditors issued an unmodified opinion confirming clean financials with no going concern issues. The Board also appointed new Cost and Internal Auditors for FY 2026-27.
The sharp 35.5% decline in standalone PAT and the significant negative operating cash flow signal operational stress and working capital challenges. Shareholders should monitor the company's ability to improve collections and reduce receivables, as this cash flow deterioration outweighs the relatively modest revenue decline.