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Consolidated net sales (including other operating income) of Techno Electric & Engineering Company for the quarter ended Sep 2023 has increased 148.82% to Rs 462.29 crore. Operating profit margin has declined from 17.42% to 16.78%, leading to 139.65% rise in operating profit to Rs 77.55 crore. Employee cost decreased from 4.90% to 2.84%. Other expenses fell from 79.29% to 78.32%. Selling and administration expenses rose from 72.67% to 73.46%. Construction development cost rose from 72.67% to 73.46%. Other income rose 51.55% to Rs 28.81 crore. PBIDT rose 107.05% to Rs 106.36 crore. Provision for interest rose 206.15% to Rs 3.98 crore. PBDT rose 104.47% to Rs 102.38 crore. Provision for depreciation rose 1.08% to Rs 1.87 crore. Profit before tax grew 108.44% to Rs 100.51 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 26.73 crore, compared to Rs 12.14 crore. Effective tax rate was 26.59% compared to 25.18%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 104.49% to Rs 73.78 crore. For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Techno Electric & Engineering Company for the half year ended Sep 2023 has increased 122.24% to Rs 736.22 crore. Operating profit margin has declined from 16.56% to 13.40%, leading to 79.83% rise in operating profit to Rs 98.67 crore. Employee cost decreased from 5.36% to 3.20%. Other expenses rose from 78.79% to 82.58%. Selling and administration expenses rose from 71.20% to 77.39%. Construction development cost rose from 71.20% to 77.39%.
Other income rose 80.08% to Rs 60.02 crore. PBIDT rose 79.92% to Rs 158.69 crore. Provision for interest rose 200.73% to Rs 8.21 crore. PBDT rose 76.06% to Rs 150.48 crore. Provision for depreciation rose 4.32% to Rs 3.86 crore. Profit before tax grew 79.31% to Rs 146.62 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 45.01 crore, compared to Rs 24.24 crore. Effective tax rate was 30.70% compared to 29.64%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 76.62% to Rs 101.61 crore. Others
Equity capital decreased from Rs 21.99 crore as of 30 September 2022 to Rs 21.52 crore as of 30 September 2023 . Per share face Value remained same at Rs 2.00. Promoters’ stake was 61.51% as of 30 September 2023 ,compared to 60.20% as of 30 September 2022 . Loan funds remained nil. Inventories declined from Rs 42.00 crore as of 30 September 2022 to Rs 32.73 crore as of 30 September 2023. Sundry debtors were higher at Rs 669.53 crore as of 30 September 2023 compared to Rs 613.53 crore as of 30 September 2022. Cash and bank balance rose to Rs 224.08 crore as of 30 September 2023 from Rs 145.66 crore as of 30 September 2022. Investments rose to Rs 1,221.16 crore as of 30 September 2023 from Rs 933.45 crore as of 30 September 2022 . Fixed assets declined from Rs 439.80 crore as of 30 September 2022 to Rs 260.04 crore as of 30 September 2023.
| Techno Electric & Engineering Company : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202309 | 202209 | Var.(%) | 202309 | 202209 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 462.29 | 185.79 | 148.82 | 736.22 | 331.27 | 122.24 | 829.50 | 999.17 | -16.98 | | OPM (%) | 16.78 | 17.42 | -64 bps | 13.40 | 16.56 | -316 bps | 10.45 | 15.81 | -536 bps | | OP | 77.55 | 32.36 | 139.65 | 98.67 | 54.87 | 79.83 | 86.68 | 158.00 | -45.14 | | Other Inc. | 28.81 | 19.01 | 51.55 | 60.02 | 33.33 | 80.08 | 74.64 | 154.38 | -51.65 | | PBIDT | 106.36 | 51.37 | 107.05 | 158.69 | 88.20 | 79.92 | 161.32 | 312.38 | -48.36 | | Interest | 3.98 | 1.30 | 206.15 | 8.21 | 2.73 | 200.73 | 10.66 | 6.38 | 67.08 | | PBDT | 102.38 | 50.07 | 104.47 | 150.48 | 85.47 | 76.06 | 150.66 | 306.00 | -50.76 | | Depreciation | 1.87 | 1.85 | 1.08 | 3.86 | 3.7 | 4.32 | 7.6 | 7.44 | 2.15 | | PBT | 100.51 | 48.22 | 108.44 | 146.62 | 81.77 | 79.31 | 143.06 | 298.56 | -52.08 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | -3.64 | - | | PBT before EO | 100.51 | 48.22 | 108.44 | 146.62 | 81.77 | 79.31 | 143.06 | 294.92 | -51.49 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 100.51 | 48.22 | 108.44 | 146.62 | 81.77 | 79.31 | 143.06 | 294.92 | -51.49 | | Taxation | 26.73 | 12.14 | 120.18 | 45.01 | 24.24 | 85.68 | 46.45 | 59.17 | -21.50 | | PAT | 73.78 | 36.08 | 104.49 | 101.61 | 57.53 | 76.62 | 96.61 | 235.75 | -59.02 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 73.78 | 36.08 | 104.49 | 101.61 | 57.53 | 76.62 | 96.61 | 235.75 | -59.02 | | P/(L) from discontinued operations net of tax | 0 | 22.73 | - | -2.57 | 36.83 | PL | 90.25 | 20.84 | 333.06 | | Net profit after discontinued operations | 73.78 | 58.81 | 25.45 | 99.04 | 94.36 | 4.96 | 186.86 | 256.59 | -27.18 | | EPS (Rs)* | 6.71 | 3.28 | 104.49 | 9.24 | 5.23 | 76.62 | 8.78 | 21.43 | -59.02 | | | * EPS is on current equity of Rs 22.00 crore, Face value of Rs 2, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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