Techno Electric & Engineering Company (TECHNOE) Q4 25/26 earnings summary

Executive summary

• Achieved all-time high revenues and profits in FY 2026, with robust execution across EPC, transmission, data centers, and smart metering segments.

• Entered the new fiscal year from a position of strength, supported by favorable government policies, sectoral trends, and a strong order pipeline.

• Margins supported by disciplined cost control and operational resilience, despite supply chain and cost pressures from global conflicts.

• Audited standalone and consolidated financial results for FY 2026 were approved with unmodified opinions; final dividend of ₹7 per share recommended.

Financial highlights

• Standalone FY 2026 revenue: ₹32,525 million, up 35.42% YoY; EBITDA: ₹4,475 million, up 36.44%; PAT: ₹5,419.37 million, up 34.8%; EPS: ₹46.60, up 23.77%.

• Q4 standalone revenue: ₹10,432 million, up 28.48% YoY; PBT: ₹1,741 million, up 4.14% YoY.

• Consolidated FY 2026 revenue: ₹32,516 million, up 43.3%; EBITDA: ₹4,620 million, up 36.13%; PAT: ₹4,738.65 million, up 18.7%; EPS: ₹40.74, up 10%.

• Standalone EBITDA margin: 13.76%; consolidated EBITDA margin: 14.2%.

• Final dividend of ₹7 per equity share recommended for FY 2025-26.

Outlook and guidance

• FY 2027 standalone revenue target: ₹40,000 million; EBITDA margin: ~13%; EPS: ₹60.

• FY 2028 EPS target: ₹75; FY 2027 data center revenue expected at ₹400–500 million.

• Order intake guidance for FY 2027: ₹40,000 million; strong order book of ₹95,665 million as of March 31, 2026.

• Plans to expand data center footprint to 250 MW by FY30 and install 1 million smart meters annually.

• CapEx plans: ₹10,000 million for data centers, ₹6,500 million for smart meters in FY 2027.