Kolkata, January 31, 2025 – Texmaco Infrastructure & Holdings Ltd. (NSE: TEXINFRA, BSE: 505400) announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024.
Key Financial Highlights (₹ in Lakhs)
Standalone Financial Performance
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24
Revenue from Operations
233.82
305.13
227.69
741.97
766.70
933.32
Other Income
221.20
707.37
229.02
1,105.19
803.18
1,004.57
Total Income
455.02
1,012.50
456.71
1,847.16
1,569.88
1,937.89
Total Expenses
352.08
702.91
376.19
1,424.32
1,227.49
1,660.41
Profit Before Tax (PBT)
102.94
309.59
80.52
422.84
342.39
277.48
Net Profit/(Loss) After Tax
(1,149.97)
260.34
56.69
(865.54)
314.62
356.99
Earnings Per Share (₹) - Basic & Diluted
(0.90)
0.20
0.04
(0.68)
0.25
0.28
Consolidated Financial Performance
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24
Revenue from Operations
397.64
477.75
388.24
1,254.30
1,265.53
1,608.25
Other Income
217.47
704.00
225.89
1,094.24
781.27
978.40
Total Income
615.11
1,181.75
614.13
2,348.54
2,046.80
2,586.65
Total Expenses
513.85
879.38
533.12
1,941.38
1,712.69
2,323.88
Profit Before Tax (PBT)
101.26
302.37
81.01
407.16
334.11
262.77
Net Profit/(Loss) After Tax
(1,131.49)
264.37
47.63
(830.76)
288.95
540.12
Earnings Per Share (₹) - Basic & Diluted
(0.89)
0.21
0.04
(0.65)
0.22
0.42
Segment Performance
Real Estate: Revenue stood at ₹155.53 lakh in Q3 FY25, down from ₹162.79 lakh in Q3 FY24.
Mini Hydro Power: Revenue increased to ₹78.29 lakh in Q3 FY25 from ₹64.90 lakh in Q3 FY24.
Job Work Services: Revenue for the segment was ₹172.01 lakh in Q3 FY25.
Key Observations
Decline in Net Profit: The company posted a net loss of ₹1,149.97 lakh (standalone) and ₹1,131.49 lakh (consolidated) due to a significant deferred tax expense of ₹1,220.38 lakh arising from tax-related changes in Budget 2024.
Revenue Decline: Standalone revenue from operations fell 3.3% YoY, while consolidated revenue saw a marginal 1% decline.
Strong Other Income: Other income contributed significantly to total earnings, but was lower than Q2 FY25.
Segment-Wise Variations: Real estate revenue remained subdued, while the mini hydro segment saw YoY growth.
Management Commentary
Texmaco Infrastructure & Holdings Ltd. stated that the decline in profitability was largely due to deferred tax expenses rather than operational performance. The management remains optimistic about business recovery in the coming quarters.
Outlook
The company is expected to stabilize its revenue streams as macroeconomic factors improve.
Real estate and mini hydro businesses will continue to be core revenue drivers.
The impact of tax adjustments is expected to be a one-time event, with profits expected to recover in upcoming quarters.
Conclusion
Texmaco Infrastructure & Holdings Ltd. faced headwinds in Q3 FY25 due to deferred tax expenses, leading to a net loss. However, the company remains stable in revenue generation and is well-positioned for long-term recovery.
