Techno Electric & Engineering Company (TECHNOE) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 revenue reached ₹515 crore (₹5,153 million), up 25% year-over-year, with EBITDA at ₹80 crore (₹804 million), up 42% year-over-year, and margin improving to 15.6% from 13.7% last year.

• PAT for the quarter was ₹99 crore (₹1,233.22 million standalone, ₹1,361.20 million consolidated), with EPS at ₹10.70 (standalone EPS: ₹10.60, consolidated EPS: ₹11.70).

• Strong order book of ₹10,408 crore (₹104,080 million) as of June end, with additional L1 and advanced stage orders worth ₹720 crore.

• Company remains debt-free, with cash surplus from asset monetization and QIP raising ₹1,250 crore, and robust liquidity supporting large-scale projects.

• Strategic focus on transmission, smart metering, and data center markets, leveraging sectoral growth and government initiatives.

Financial highlights

• Standalone revenue from operations for Q1 FY26 was ₹5,137.14 million, up from ₹4,137.41 million in Q1 FY25; consolidated revenue was ₹5,259.74 million, up from ₹3,753.67 million.

• Standalone net profit after tax for Q1 FY26 was ₹1,233.22 million, consolidated net profit was ₹1,361.20 million; profit from discontinued operations contributed ₹251.67 million.

• Other income rose to ₹58 crore from ₹23 crore year-over-year.

• Working capital cycle remained efficient, with cash in hand at ₹2,500 crore+ in the standalone entity; cash and bank balance at ₹25,206 million as of FY25.

• Shareholders’ funds increased to ₹37,670 million in FY25 from ₹21,917 million in FY24.

Outlook and guidance

• Revenue guidance for FY26 is ₹3,600 crore, with EPS forecast at ₹50; FY27 EPS expected at ₹75.

• Targeting annual order inflows of ₹2,000–2,500 crore in transmission and ₹1,500–2,000 crore in smart metering.

• Plans to build and own 250 MW data center capacity over the next five years, with phased rollouts in 102 cities.

• Data center revenue for FY26 projected at ₹25 crore, with significant ramp-up expected in FY27.

• Margins in EPC expected to remain at ~14%, with improvement as data center and AMI businesses scale.