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

Executive summary

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

• FY25 revenue was INR 2,402 crore, up 43% year-over-year, marking an all-time high; EBITDA for the year was INR 328 crore, up 45% year-over-year, with a margin of 13.66%.

• PAT for Q4 was INR 132 crore, up 91% year-over-year; full-year PAT was INR 428 crore, up 59% year-over-year; EPS for the year was 37.65.

• Robust order book of INR 11,000 crore as of March 2025, with INR 4,150 crore in new orders during FY25.

• Board announced a final dividend of Rs 9 per share for FY 2024-25.

Financial highlights

• Other income for Q4 was INR 69.75 crore, up 126% year-over-year; full-year other income was INR 175 crore, up 34%.

• Profit before tax for Q4 was INR 167.18 crore, up from INR 83 crore; full-year PBT was INR 485 crore, up 45%.

• 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.

• Equity base strengthened by a QIP issue raising INR 1,25,000 lakhs.

Outlook and guidance

• FY26 revenue target is INR 3,500–3,600 crore, with EPS guidance of at least 50; FY27 target is INR 4,500 crore revenue and EPS of at least 75.

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

• Order intake momentum expected to continue, supporting growth for the next two years.

• Planned CapEx of INR 10,000 crore by 2030, with 80% allocated to data centers.

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