Texmaco Q4 net profit drops 69.72%

Texmaco Rail & Engineering Ltd has reported a 69.72% in net profit at Rs 8.85 crore for the quarter ended March 31, 2013 as against Rs 29.23 crore in the corresponding period last year.

Net sales of the company stood at Rs 199.42 crore, registering a decrease of 10.56%.

However, for the financial year 2012-13 company's net profit posted a marginal increase of 1.3% at 94.26 crore as against Rs 93.05 crore in the previous fiscal. Net sales for 2012-13 registered a rise of 8.49% at 824.77 crore.