Techno Electric & Engineering Company (TECHNOE) investor relations material

Executive summary

• Q1 FY 2027 revenue grew by approximately 25% year-over-year, driven by strong project execution in both power transmission and digital infrastructure segments.

• Unaudited standalone and consolidated financial results for the quarter ended 30 June 2026 were approved and reviewed by the Board and auditors, with no material misstatements identified.

• Fresh orders worth INR 2,200 crore secured YTD, with INR 666 crore in Q1 and INR 1,530 crore post-Q1; L1 position in another INR 2,100 crore of bids.

• Digital Infrastructure business saw demand exceeding planned capacity, prompting an increase in Chennai campus IT load and expansion plans in Noida and Kolkata.

• Smart metering business progressing well, with 18.5 lakh meters installed out of 2.24 million under RDSS scheme, and annuity phase commenced in Madhya Pradesh.

Financial highlights

• Standalone Q1 FY 2027 revenue: INR 641 crore (up 25% YoY); EBITDA: INR 89 crore (up 13% YoY); EBITDA margin: 13.88%; PAT: INR 96 crore.

• Consolidated Q1 FY 2027 revenue: INR 630 crore (up 20% YoY); EBITDA: INR 99 crore (up 8% YoY); EBITDA margin: 15.79%; PAT: INR 93 crore; EPS: INR 8.02.

• Standalone revenue from operations for Q1 FY27 was 6,416.41 million, with total income at 6,828.37 million.

• Consolidated revenue from operations for Q1 FY27 was 6,303.41 million, with total income at 6,594.01 million.

• Order book as of current date stands at INR 11,000 crore, up from INR 9,600 crore at June 30, 2026.

Outlook and guidance

• Revenue expected to be weighted towards H2, with 60% of annual revenue typically realized in the second half.

• Guidance to achieve revenue of INR 4,000 crore or more for FY 2027, with EBITDA margins of 13%-14%.

• Data Center segment revenue and EBITDA guidance to be provided in H2 as customer deals mature; INR 40 crore revenue guidance for FY 2027 remains.

• Management expects full recovery of overdue receivables from legacy projects, Afghanistan, and Renewable Energy Certificates, based on legal opinions and regulatory progress.