Techno Electric & Engineering Company (TECHNOE) Q4 99/00 earnings summary

Executive summary

• Billing rose to Rs. 67.83 crore from Rs. 61.66 crore YoY; PBT reached Rs. 3.74 crore and PAT Rs. 3.05 crore.

• Power-sector projects drove activity; management expected growth to continue, citing the order book and expected orders.

Financial highlights

• Operating income was Rs. 67.83 crore vs Rs. 61.66 crore; other income increased to Rs. 2.69 crore from Rs. 0.32 crore.

• PBT was Rs. 3.74 crore vs Rs. 2.30 crore; PAT was Rs. 3.05 crore vs Rs. 1.75 crore.

• Other income included Rs. 1.24 crore dividend income, Rs. 46.52 lakh profit on sale of fixed assets and Rs. 18.80 lakh profit on sale of investments.

Outlook and guidance

• Management expected to maintain the prior year's growth rate, supported by the order book and anticipated orders.

• Power-sector capacity additions and private-sector projects were cited as demand drivers amid power scarcity and government focus.