Techno Electric hosted a conference call on Aug 16, 2022. In the conference call the company was represented by PP Gupta, CMD.

Key takeaways of the conference call

Booked orders worth Rs 400 crore in Q2FY23 and post Q2FY23 it has booked one more order worth about Rs 126.23 crore. Thus orders on hand as of now is about Rs 3600 crore.  Moreover the company is L1 for orders worth Rs 338 crore and has orders in pipeline for about Rs 500 crore.

The company is confident of closing current fiscal with an order book of Rs 4500 crore not including the captive Chennai Data Centre order. The company is confident of booking additional orders worth Rs 1500 crore.

Expects a revenue of about Rs 1200 crore for FY23.   The company expected third quarter and fourth quarter to be better than first two quarters of current fiscal.  For FY24, the company expects 30-40% growth in revenue from FY23 levels.  Expect the FY25 revenue to be in the range of Rs 1750-2000 crore.   

Commodity cycle impacted last year strongly and that level of impact is not expected going forward.

FGD – GOI extended the deadline for compliance from Dec 2024 to December 2026.  About 50-100 GW of FGD orders are to be ordered out by CPSUs and State Boards.  FGD orders of RS 500 crore is expects in current fiscal.

Siruseri (Chennai) Data Centre Project Update: DC at Siruseri is in full progress and and finished first floor construction already. The company has already invested Rs 54 crore including land.  The Phase I of the project is expected to be commissioned by 2023.   As far as roping in of strategic partner, the company is fairly in advanced stage of striking a partnership.  

The company expects an EPC revenue of Rs 600 crore to accrue by execution of DC Chennai Phase I and that will be booked in FY24.  

High commodity cycle partially corrected but high overseas freight still impacted the margin.