Techno Electric & Engineering Company (TECHNOE) Q1 26/27 earnings summary

Executive summary

• Q1 FY 2027 revenue grew by 25% year-over-year, driven by strong project execution in 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 a surge in demand, especially in Chennai, leading to an increase in designed IT load capacity.

• Smart metering business progressing well, with 18.5 lakh meters installed out of 2.25 million contracted, and the segment now self-funding.

Financial highlights

• Standalone Q1 FY 2027 revenue: INR 641 crore (up from INR 514 crore in Q1 FY 2026, +25%).

• Standalone profit after tax for the quarter was INR 961.55 million, compared to 1,434.38 million in the previous quarter and 981.55 million in Q1 FY26.

• Consolidated Q1 FY 2027 revenue: INR 630 crore (up from INR 525 crore, +20%).

• Consolidated profit after tax for the quarter was 933.28 million, compared to 1,145.12 million in the previous quarter and 1,109.53 million in Q1 FY26.

• Earnings per share (EPS) for the quarter stood at 8.27 (standalone) and 8.02 (consolidated).

Outlook and guidance

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

• Order book as of now stands at INR 11,000 crore, providing strong visibility for FY 2027.

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

• Data Center segment revenue guidance for FY 2027 remains at INR 40 crore, with significant growth expected as customer deals close.

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