Techno Electric & Engineering Company Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- Techno Electric & Engineering Company Ltd reported a 41.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 83.1%.
- Its expenses for the quarter were up by 46.9% QoQ and 99.6% YoY.
- The net profit increased 1.9% QoQ and increased 4.5% YoY.
- The earnings per share (EPS) of Techno Electric & Engineering Company Ltd stood at 8.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 680.13 | 480.60 | 371.37 | 41.5% | 83.1% |
Total Expenses | 551.10 | 375.27 | 276.15 | 46.9% | 99.6% |
Profit Before Tax | 129.03 | 105.33 | 95.22 | 22.5% | 35.5% |
Tax | 33.05 | 11.12 | 3.35 | 197.2% | 886.6% |
Profit After Tax | 95.99 | 94.21 | 91.88 | 1.9% | 4.5% |
Earnings Per Share | 8.30 | 8.20 | 8.50 | 1.2% | -2.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Techno Electric & Engineering Company Ltd is a prominent player in the Indian power sector, known for its expertise in engineering, procurement, and construction (EPC) services. The company primarily focuses on segments such as power generation, transmission, and distribution. It also has a presence in renewable energy through its wind power projects. Techno Electric has a reputation for delivering projects on time with high standards of quality, making it a preferred choice for many power utilities and industrial clients. As of the latest period, there are no specific recent major developments available for the company.
Revenue
During the third quarter of the fiscal year 2025 (Q3FY25), Techno Electric & Engineering Company Ltd recorded a total income of ₹680.13 crores. This represents a significant increase from the previous quarter (Q2FY25), where the total income was ₹480.60 crores, reflecting a quarter-over-quarter (QoQ) growth of 41.5%. Compared to the same quarter in the previous year (Q3FY24), where the total income was ₹371.37 crores, the company achieved a year-over-year (YoY) growth of 83.1%. This robust revenue performance indicates a strong upward trajectory in the company's sales for the period under review.
Profitability
In Q3FY25, Techno Electric & Engineering Company Ltd reported a profit before tax of ₹129.03 crores. This marks an increase from ₹105.33 crores in Q2FY25, representing a QoQ growth of 22.5%. Compared to Q3FY24, the profit before tax rose from ₹95.22 crores, showing a YoY growth of 35.5%. The company incurred a tax expense of ₹33.05 crores in Q3FY25, which was significantly higher than both the previous quarter and the same quarter last year, with increases of 197.2% QoQ and 886.6% YoY, respectively. Despite the higher tax burden, the profit after tax for Q3FY25 was ₹95.99 crores, slightly up from ₹94.21 crores in Q2FY25 and ₹91.88 crores in Q3FY24, reflecting moderate increases of 1.9% QoQ and 4.5% YoY.
Operating Metrics
The earnings per share (EPS) for Techno Electric & Engineering Company Ltd in Q3FY25 stood at ₹8.30, showing a slight increase from ₹8.20 in Q2FY25, which corresponds to a 1.2% rise QoQ. However, when compared to Q3FY24, where the EPS was ₹8.50, there is a decline of 2.4% YoY. The company's total expenses in Q3FY25 were reported at ₹551.10 crores, which is an increase from ₹375.27 crores in Q2FY25 and ₹276.15 crores in Q3FY24. These figures indicate a QoQ rise of 46.9% and a YoY growth of 99.6%. The data highlights a substantial increase in operational costs, which may have impacted the overall profitability metrics during the quarter.
