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Results
16-Feb-24
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Analysis
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Techno Electric & Engineering Company
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Net up 193% on good operating show
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Consolidated net sales (including other operating income) of Techno Electric & Engineering Company for the quarter ended Dec 2023 has increased 76.26% to Rs 326.54 crore. Operating profit margin has jumped from 12.60% to 17.25%, leading to 141.28% rise in operating profit to Rs 56.34 crore. Employee cost decreased from 5.17% to 3.63%. Other expenses fell from 82.57% to 78.19%. Selling and administration expenses fell from 74.80% to 72.39%. Construction development cost fell from 74.80% to 72.39%. Other income rose 124.71% to Rs 44.83 crore. PBIDT rose 133.65% to Rs 101.17 crore. Provision for interest rose 142.33% to Rs 3.95 crore. PBDT rose 133.31% to Rs 97.22 crore. Provision for depreciation rose 3.65% to Rs 1.99 crore. Profit before tax grew 139.57% to Rs 95.23 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 3.35 crore, compared to Rs 8.2 crore. Effective tax rate was 3.52% compared to 20.63%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 191.22% to Rs 91.88 crore. - Sales of EPC (Construction) segment has gone up 76.92% to Rs 325.30 crore (accounting for 99.62% of total sales). Sales of Energy (Power) segment has gone down 10.60% to Rs 1.24 crore (accounting for 0.38% of total sales).
- Profit before interest, tax and other unallocable items (PBIT) has jumped 151.94% to Rs 54.35 crore. PBIT of EPC (Construction) segment rose 145.91% to Rs 55.38 crore (accounting for 101.90% of total PBIT). PBIT of Energy (Power) segment fell 8.74% to Rs -1.03 crore (accounting for -1.90% of total PBIT).
- PBIT margin of EPC (Construction) segment rose from 12.25% to 17.02%. PBIT margin of Energy (Power) segment fell from negative 68.13% to negative 82.87%. Overall PBIT margin rose from 11.64% to 16.64%.
Standalone net sales (including other operating income) of Techno Electric & Engineering Company for the quarter ended Dec 2023 has increased 97.38% to Rs 365.66 crore. Operating profit margin has declined from 12.63% to 12.29%, leading to 92.01% rise in operating profit to Rs 44.93 crore. Employee cost decreased from 5.17% to 3.22%. Other expenses rose from 82.54% to 83.89%. Construction development cost rose from 74.80% to 78.92%. Other income up 111.37% to Rs 41.64 crore. PBIDT rose 100.86% to Rs 86.57 crore. Provision for interest up 142.33% to Rs 3.95 crore. PBDT rose 99.23% to Rs 82.62 crore. Provision for depreciation rose 3.83% to Rs 1.9 crore. Profit before tax grew 103.63% to Rs 80.72 crore. Provision for tax was expense of Rs 3.11 crore, compared to Rs 8.18 crore. Effective tax rate was 3.85% compared to 20.64%. Profit after tax rose 146.69% to Rs 77.61 crore. - Sales of EPC segment has gone up 98.20% to Rs 364.42 crore (accounting for 99.66% of total sales). Sales of Energy segment has gone down 10.59% to Rs 1.24 crore (accounting for 0.34% of total sales).
- Profit before interest, tax and other unallocable items (PBIT) has jumped 99.55% to Rs 43.05 crore. PBIT of EPC segment rose 95.73% to Rs 44.08 crore (accounting for 102.39% of total PBIT). PBIT of Energy segment fell 8.74% to Rs -1.03 crore (accounting for -2.39% of total PBIT).
- PBIT margin of EPC segment fell from 12.25% to 12.10%. PBIT margin of Energy segment fell from negative 68.13% to negative 82.86%. Overall PBIT margin rose from 11.64% to 11.77%.
For year-to-date (YTD) results analysis.
For 9m ended Dec 2023, consolidated net sales (including other operating income) of Techno Electric & Engineering Company has increased 105.75% to Rs 1062.76 crore. Operating profit margin has declined from 15.40% to 14.59%, leading to 94.88% rise in operating profit to Rs 155.01 crore. Employee cost decreased from 5.29% to 3.33%. Other expenses rose from 79.89% to 81.22%. Selling and administration expenses rose from 72.48% to 75.85%. Construction development cost rose from 72.48% to 75.85%. Other income rose 101.75% to Rs 104.85 crore. PBIDT rose 97.60% to Rs 259.86 crore. Provision for interest rose 178.90% to Rs 12.16 crore. PBDT rose 94.81% to Rs 247.7 crore. Provision for depreciation rose 3.91% to Rs 5.85 crore. Profit before tax grew 99.02% to Rs 241.85 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 48.36 crore, compared to Rs 31.07 crore. Effective tax rate was 20.00% compared to 25.57%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 113.92% to Rs 193.49 crore.
- Sales of EPC (Construction) segment has gone up 106.96% to Rs 1,053.96 crore (accounting for 99.12% of total sales). Sales of Energy (Power) segment has gone down 5.98% to Rs 9.38 crore (accounting for 0.88% of total sales).
- Profit before interest, tax and other unallocable items (PBIT) has jumped 94.42% to Rs 149.74 crore. PBIT of EPC (Construction) segment rose 101.01% to Rs 148.44 crore (accounting for 99.13% of total PBIT). PBIT of Energy (Power) segment fell 58.99% to Rs 1.30 crore (accounting for 0.87% of total PBIT).
- PBIT margin of EPC (Construction) segment fell from 14.50% to 14.08%. PBIT margin of Energy (Power) segment fell from 31.83% to 13.88%. Overall PBIT margin fell from 14.83% to 14.08%.
Standalone net sales (including other operating income) of Techno Electric & Engineering Company for 9m ended Dec 2023, has increased 131.97% to Rs 1,198.19 crore. Sales of EPC segment has gone up 133.55% to Rs 1,189.39 crore (accounting for 99.22% of total sales). Sales of Energy segment has gone down 5.98% to Rs 9.38 crore (accounting for 0.78% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 111.70% to Rs 163.06 crore. PBIT of EPC segment rose 119.05% to Rs 161.75 crore (accounting for 99.20% of total PBIT). PBIT of Energy segment fell 58.99% to Rs 1.30 crore (accounting for 0.80% of total PBIT). PBIT margin of EPC segment fell from 14.50% to 13.60%. PBIT margin of Energy segment fell from 31.83% to 13.88%. Overall PBIT margin fell from 14.83% to 13.60%. Operating profit margin has declined from 15.42% to 14.03%, leading to 110.96% rise in operating profit to Rs 168.05 crore. Employee cost decreased from 5.29% to 2.94%. Other expenses rose from 79.86% to 82.31%. Construction development cost rose from 72.48% to 77.66%. Other income up 92.85% to Rs 100.59 crore. PBIDT rose 103.79% to Rs 268.64 crore. Provision for interest up 178.90% to Rs 12.16 crore. PBDT rose 101.22% to Rs 256.48 crore. Provision for depreciation rose 4.10% to Rs 5.58 crore. Profit before tax grew 105.49% to Rs 250.90 crore. Provision for tax was expense of Rs 47.99 crore, compared to Rs 31.24 crore. Effective tax rate was 19.13% compared to 25.59%. Profit after tax rose 123.32% to Rs 202.91 crore. Promoters’ stake was 61.51% as of 31 December 2023 ,compared to 61.16% as of 31 December 2022 .
| Techno Electric & Engineering Company : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202312 | 202212 | Var.(%) | 202312 | 202212 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 326.54 | 185.26 | 76.26 | 1,062.76 | 516.53 | 105.75 | 829.50 | 999.17 | -16.98 | | OPM (%) | 17.25 | 12.60 | 465 bps | 14.59 | 15.40 | -81 bps | 10.45 | 15.81 | -536 bps | | OP | 56.34 | 23.35 | 141.28 | 155.01 | 79.54 | 94.88 | 86.68 | 158.00 | -45.14 | | Other Inc. | 44.83 | 19.95 | 124.71 | 104.85 | 51.97 | 101.75 | 74.64 | 154.38 | -51.65 | | PBIDT | 101.17 | 43.30 | 133.65 | 259.86 | 131.51 | 97.60 | 161.32 | 312.38 | -48.36 | | Interest | 3.95 | 1.63 | 142.33 | 12.16 | 4.36 | 178.90 | 10.66 | 6.38 | 67.08 | | PBDT | 97.22 | 41.67 | 133.31 | 247.70 | 127.15 | 94.81 | 150.66 | 306.00 | -50.76 | | Depreciation | 1.99 | 1.92 | 3.65 | 5.85 | 5.63 | 3.91 | 7.6 | 7.44 | 2.15 | | PBT | 95.23 | 39.75 | 139.57 | 241.85 | 121.52 | 99.02 | 143.06 | 298.56 | -52.08 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | -3.64 | - | | PBT before EO | 95.23 | 39.75 | 139.57 | 241.85 | 121.52 | 99.02 | 143.06 | 294.92 | -51.49 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 95.23 | 39.75 | 139.57 | 241.85 | 121.52 | 99.02 | 143.06 | 294.92 | -51.49 | | Taxation | 3.35 | 8.2 | -59.15 | 48.36 | 31.07 | 55.65 | 46.45 | 59.17 | -21.50 | | PAT | 91.88 | 31.55 | 191.22 | 193.49 | 90.45 | 113.92 | 96.61 | 235.75 | -59.02 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 91.88 | 31.55 | 191.22 | 193.49 | 90.45 | 113.92 | 96.61 | 235.75 | -59.02 | | P/(L) from discontinued operations net of tax | 0 | -0.14 | - | -2.57 | 0 | - | 90.25 | 20.84 | 333.06 | | Net profit after discontinued operations | 91.88 | 31.41 | 192.52 | 190.92 | 90.45 | 111.08 | 186.86 | 256.59 | -27.18 | | EPS (Rs)* | 8.54 | 2.93 | 191.22 | 17.98 | 8.40 | 113.92 | 8.98 | 21.91 | -59.02 | | | * EPS is on current equity of Rs 21.52 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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| Techno Electric & Engineering Company : Consolidated Segment Results | td>-| | Quarter ended | Year to Date |
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| % of (Total) | 202312 | 202212 | Var.(%) | % of (Total) | 202312 | 202212 | Var.(%) |
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| Sales | | EPC (Construction) | 99.62 | 325.30 | 183.87 | 76.92 | 99.12 | 1,053.96 | 509.27 | 106.96 | | Energy (Power) | 0.38 | 1.24 | 1.39 | -10.60 | 0.88 | 9.38 | 9.98 | -5.98 | | Corporate | 0.00 | 0.00 | 0.00 | - | | Total Reported Sales | 100.00 | 326.54 | 185.26 | 76.27 | 100.00 | 1,063.34 | 519.24 | 104.79 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | | Net Sales | 100.00 | 326.54 | 185.26 | 76.27 | 100.00 | 1,063.34 | 519.24 | 104.79 | | PBIT | | EPC (Construction) | 101.90 | 55.38 | 22.52 | 145.91 | 99.13 | 148.44 | 73.85 | 101.01 | | Energy (Power) | -1.90 | -1.03 | -0.95 | -8.74 | 0.87 | 1.30 | 3.18 | -58.99 | | Corporate | 0.00 | 0.00 | 0.00 | - | | Total PBIT | 100.00 | 54.35 | 21.57 | 151.94 | 100.00 | 149.74 | 77.02 | 94.42 | | Less : Interest | | 3.95 | 1.63 | 142.18 | | 12.16 | 4.36 | 178.61 | | Add: Other un-allcoable | | 44.83 | 19.81 | 126.32 | | 104.27 | 48.86 | 113.41 | | PBIT Margin(%) | | EPC (Construction) | | 17.02 | 12.25 | 477.60 | | 14.08 | 14.50 | -41.65 | | Energy (Power) | | -82.87 | -68.13 | -1,473.88 | | 13.88 | 31.83 | -1,794.84 | | Corporate | | 0.00 | 0.00 | 0.00 | | PBT | 100.00 | 95.22 | 39.75 | 139.57 | 100.00 | 241.85 | 121.51 | 99.03 |
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| Techno Electric & Engineering Company : Standalone Results | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202312 | 202212 | Var.(%) | 202312 | 202212 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 365.66 | 185.26 | 97.38 | 1,198.19 | 516.53 | 131.97 | 966.62 | 999.17 | -3.26 | | OPM (%) | 12.29 | 12.63 | -34 bps | 14.03 | 15.42 | -140 bps | 12.25 | 15.84 | -358 bps | | OP | 44.93 | 23.40 | 92.01 | 168.05 | 79.66 | 110.96 | 118.45 | 158.25 | -25.15 | | Other Inc. | 41.64 | 19.70 | 111.37 | 100.59 | 52.16 | 92.85 | 74.30 | 154.36 | -51.87 | | PBIDT | 86.57 | 43.10 | 100.86 | 268.64 | 131.82 | 103.79 | 192.75 | 312.61 | -38.34 | | Interest | 3.95 | 1.63 | 142.33 | 12.16 | 4.36 | 178.90 | 10.66 | 6.38 | 67.08 | | PBDT | 82.62 | 41.47 | 99.23 | 256.48 | 127.46 | 101.22 | 182.09 | 306.23 | -40.54 | | Depreciation | 1.9 | 1.83 | 3.83 | 5.58 | 5.36 | 4.10 | 7.24 | 7.08 | 2.26 | | PBT | 80.72 | 39.64 | 103.63 | 250.9 | 122.1 | 105.49 | 174.85 | 299.15 | -41.55 | | PBT before EO | 80.72 | 39.64 | 103.63 | 250.9 | 122.1 | 105.49 | 174.85 | 299.15 | -41.55 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 80.72 | 39.64 | 103.63 | 250.9 | 122.1 | 105.49 | 174.85 | 299.15 | -41.55 | | Taxation | 3.11 | 8.18 | -61.98 | 47.99 | 31.24 | 53.62 | 46.73 | 59.64 | -21.65 | | PAT | 77.61 | 31.46 | 146.69 | 202.91 | 90.86 | 123.32 | 128.12 | 239.51 | -46.51 | | P/(L) from discontinued operations net of tax | 0 | -0.14 | - | -2.57 | 35.62 | PL | 90.25 | 20.83 | 333.27 | | Net profit after discontinued operations | 77.61 | 31.32 | 147.80 | 200.34 | 126.48 | 58.40 | 218.37 | 260.34 | -16.12 | | EPS (Rs)* | 7.21 | 2.92 | 146.69 | 18.85 | 8.44 | 123.32 | 11.91 | 22.26 | -46.50 | | | * EPS is on current equity of Rs 21.52 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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| Techno Electric & Engineering Company : Standalone Segment Results | td>-| | Quarter ended | Year to Date | Year ended |
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| % of (Total) | 202312 | 202212 | Var.(%) | % of (Total) | 202312 | 202212 | Var.(%) | % of (Total) | 202303 | 202203 | Var.(%) |
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| Sales | | EPC | 99.66 | 364.42 | 183.87 | 98.20 | 99.22 | 1,189.39 | 509.27 | 133.55 | 98.88 | 959.30 | 988.43 | -2.95 | | Energy | 0.34 | 1.24 | 1.39 | -10.59 | 0.78 | 9.38 | 9.98 | -5.98 | 1.12 | 10.88 | 85.63 | -87.30 | | Corporate | 0.00 | 0.00 | 0.00 | - | | Total Reported Sales | 100.00 | 365.66 | 185.26 | 97.38 | 100.00 | 1,198.77 | 519.24 | 130.87 | 100.00 | 970.18 | 1,074.06 | -9.67 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 365.66 | 185.26 | 97.38 | 100.00 | 1,198.77 | 519.24 | 130.87 | 100.00 | 970.18 | 1,074.06 | -9.67 | | PBIT | | EPC | 102.39 | 44.08 | 22.52 | 95.73 | 99.20 | 161.75 | 73.85 | 119.05 | 98.33 | 112.85 | 153.44 | -26.45 | | Energy | -2.39 | -1.03 | -0.95 | -8.74 | 0.80 | 1.30 | 3.18 | -58.99 | 1.67 | 1.91 | 1.89 | 1.12 | | Corporate | 0.00 | 0.00 | 0.00 | - | | Total PBIT | 100.00 | 43.05 | 21.57 | 99.55 | 100.00 | 163.06 | 77.02 | 111.70 | 100.00 | 114.76 | 155.33 | -26.12 | | Less : Interest | | 3.95 | 1.63 | 142.18 | | 12.16 | 4.36 | 178.62 | | 10.66 | 6.38 | 66.96 | | Add: Other un-allcoable | | 41.63 | 19.70 | 111.32 | | 100.00 | 49.44 | 102.26 | | 70.75 | 150.20 | -52.90 | | PBIT Margin(%) | | EPC | | 12.10 | 12.25 | -15.22 | | 13.60 | 14.50 | -90.05 | | 11.76 | 15.52 | -375.95 | | Energy | | -82.86 | -68.13 | -1,473.22 | | 13.88 | 31.83 | -1,794.84 | | 17.58 | 2.21 | 1,537.06 | | Corporate | | 0.00 | 0.00 | 0.00 | | PBT | 100.00 | 80.73 | 39.64 | 103.65 | 100.00 | 250.90 | 122.10 | 105.49 | 100.00 | 174.85 | 299.15 | -41.55 |
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Previous News |
Techno Electric & Engineering Company consolidated net profit rises 52.55% in the March 2023 quarter
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Results
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Announcements
30-May-23
16:45
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Techno Electric & Engineering Company consolidated net profit declines 28.95% in the June 2023 quarter
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Board of Techno Electric & Engg. Company recommends final dividend
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Techno Electric & Engg. Company to hold AGM
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15-Nov-22
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Techno Electric & Engineering Company
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Results
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17-Feb-22
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Board of Techno Electric & Engg. Company recommends final dividend
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Techno Electric & Engineering Company fixes record date for final dividend
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Techno Electric & Engg. Company to table results
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31-Oct-20
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Techno Electric & Engineering Company
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