Texmaco Ltd Q1 net profit more than doubles to Rs.113.7 million

Texmaco Ltd has announced the Un-Audited financial results for the quarter ended June 30, 2007.

The Company has posted a profit after tax of Rs.113.7 million for the quarter ended June 30, 2007 as compared to Rs.44.77 million for the quarter ended June 30, 2006. Total Income has increased from Rs.872.77 million for the quarter ended June 30, 2006 to Rs.1432.94 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.11.01 in Q1 2007-2008 compared to Rs.4.34 during Q1 2006-2007.

Indian Railway wagon orders for 2007-08 are yet to be released. Total income does not include the value of free materials of Rs 510 million (approx) provided by Indian Railway and other clients and used in execution of their contracts.

The stock closed the day at Rs.1120, up by Rs.52.75 or 4.94%. The total traded quantity was 23648 compared to 2 week average of 5949. The stock hit an intraday high of Rs.1137 and low of Rs.1072.

Source : Equity Bulls

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