Results     17-Aug-22
Analysis
Techno Electric & Engineering Company
Sales down 9%, net down 25%
 
Consolidated net sales (including other operating income) of Techno Electric & Engineering Company has declined 8.70% to Rs 172.96 crore.  Operating profit margin has declined from 29.13% to 27.60%, leading to 13.50% decline in operating profit to Rs 47.73 crore.  Employee cost increased from 4.33% to 5.10%.   Other expenses fell from 66.72% to 66.64%.   Selling and administration expenses fell from 60.35% to 57.83%.   Construction development cost fell from 60.35% to 57.83%.   Other income fell 24.27% to Rs 13.01 crore.  PBIDT fell 16.06% to Rs 60.74 crore.  Provision for interest fell 18.75% to Rs 1.43 crore.  PBDT fell 15.99% to Rs 59.31 crore.  Provision for depreciation fell 0.48% to Rs 10.31 crore.  Profit before tax down 18.66% to Rs 49.00 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 13.45 crore, compared to Rs 14.7 crore.  Effective tax rate was 27.45% compared to 23.79%. Minority interest was nil in both the periods.  Net profit attributable to owners of the company decreased 24.51% to Rs 35.55 crore.  
  • Sales of EPC (Construction) segment has gone down 10.90% to Rs 144.80 crore (accounting for 82.42% of total sales).  Sales of Energy (Power) segment has gone up 13.80% to Rs 30.88 crore (accounting for 17.58% of total sales).  
  • Profit before interest, tax and other unallocable items (PBIT) has slumped 10.71% to Rs 40.28 crore.  PBIT of EPC (Construction) segment fell 25.71% to Rs 23.65 crore (accounting for 58.71% of total PBIT).  PBIT of Energy (Power) segment rose 25.25% to Rs 16.63 crore (accounting for 41.29% of total PBIT).  
  • PBIT margin of EPC (Construction) segment fell from 19.59% to 16.33%.  PBIT margin of Energy (Power) segment rose from 48.95% to 53.87%.  Overall PBIT margin fell from 23.79% to 22.93%. 

Order inflow in Q1FY23 was about Rs 1901 crore and the unexecuted order book as end of Jun 2022 is about Rs 3241 crore.   

Promoters’ stake was 60.18% as of 30 June 2022 ,compared to 60.18% as of 30 June 2021 .  

 


Techno Electric & Engineering Company : Consolidated Results
 Quarter endedYear ended
Particulars202206202106Var.(%)202203202103Var.(%)
Net Sales (including other operating income)172.96189.45-8.701,073.87889.2320.76
OPM (%)27.6029.13-153 bps20.6924.30-361 bps
OP47.7355.18-13.50222.21216.092.83
Other Inc.13.0117.18-24.27150.7766.85125.53
PBIDT60.7472.36-16.06372.98282.9431.82
Interest1.431.76-18.755.637.85-28.28
PBDT59.3170.60-15.99367.35275.0933.54
Depreciation10.3110.36-0.4841.2641.150.27
PBT49.0060.24-18.66326.09233.9439.39
Share of Profit/(Loss) from Associates01.55-3.64-1.84LP
PBT before EO4961.79-20.70329.73232.142.06
EO Income00-00-
PBT after EO4961.79-20.70329.73232.142.06
Taxation13.4514.7-8.5065.8450.3230.84
PAT35.5547.09-24.51263.89181.7845.17
Minority Interest (MI)00-00-
Net profit35.5547.09-24.51263.89181.7845.17
P/(L) from discontinued operations net of tax00-00-
Net profit after discontinued operations35.5547.09-24.51263.89181.7845.17
EPS (Rs)*3.234.28-24.5123.9916.5345.17
* 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


Techno Electric & Engineering Company : Consolidated Segment Results
 Quarter endedYear ended
% of (Total)202206202106Var.(%)% of (Total)202103202003Var.(%)
Sales
EPC (Construction)82.42144.80162.51-10.9088.78791.69784.350.94
Energy (Power)17.5830.8827.1313.8011.22100.0491.828.95
Corporate0.000.000.00-
Total Reported Sales100.00175.67189.64-7.37100.00891.72876.171.78
Less: Inter segment revenues 0.000.00- 0.000.00-
Net Sales100.00175.67189.64-7.37100.00891.72876.171.78
PBIT
EPC (Construction)58.7123.6531.83-25.7181.62144.90138.654.51
Energy (Power)41.2916.6313.2825.2518.3832.6336.01-9.39
Corporate0.000.000.00-
Total PBIT100.0040.2845.11-10.71100.00177.53174.661.64
Less : Interest1.431.76-18.727.856.1228.19
Add: Other un-allcoable10.1516.89-39.9264.2546.4438.35
PBIT Margin(%)
EPC (Construction) 16.3319.59-325.46 18.3017.6862.53
Energy (Power) 53.8748.95492.43 32.6239.22-660.09
Corporate 0.000.000.00
PBT100.0049.0060.24-18.66100.00233.94214.988.82
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