Techno Electric & Engineering Company (TECHNOE) Q4 24/25 earnings summary

Executive summary

• Q4 FY25 revenue reached INR 812 crore, up 68% year-on-year, with EBITDA at INR 102 crore, up 74% year-on-year and margin at 12.64%.

• Full-year revenue hit an all-time high of INR 2,402 crore, up 43% year-on-year; EBITDA was INR 328 crore, up 45% year-on-year, with a margin of 13.66%.

• PAT for FY25 was INR 428 crore, up 59% year-on-year; EPS for FY25 was 37.65, up from 25 last year.

• Maintains a debt-free balance sheet and robust liquidity, supporting large-scale infrastructure projects.

• Audited standalone and consolidated financial results for the year ended 31 March 2025 were approved, with an unmodified auditor's opinion.

Financial highlights

• FY25 revenue rose to ₹24,017 million from ₹16,808 million in FY24, a 43% year-over-year increase.

• EBITDA for FY25 reached ₹3,280 million, up from ₹2,269 million in FY24; EBITDA margin improved to 13.66%.

• PAT for FY25 was ₹2,697 million, up from ₹1,697 million in FY24.

• Cash flow from operations turned positive at INR 837 crore, compared to negative INR 337 crore last year.

• Cash and cash equivalents at year-end exceeded INR 2,500 crore.

Outlook and guidance

• FY26 revenue target is INR 3,500–3,600 crore, with EPS guidance of at least INR 50.

• FY27 revenue target is INR 4,500 crore, with EPS of at least INR 75.

• Data center revenue expected at INR 100 crore in FY26 and INR 300–350 crore in FY27, with EBITDA margin around 80%.

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

• Management remains confident about the recoverability of overdue trade receivables and other financial assets.