Techno Electric FY26 profit rises 26.5%; Q4 EBITDA at ₹1.3B
Techno Electric reported a 26.5% rise in FY26 standalone net profit to ₹5,419.37 million, with revenue increasing to ₹32,524.77 million. The Board recommended a final dividend of ₹7 per share. Auditors flagged overdue receivables of ₹885.28 million, while the company noted an uncaptured impact of ₹4.14 per share on Consolidated EPS.

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Techno Electric & Engineering Company Limited reported a 26.5% increase in standalone net profit to ₹5,419.37 million for the year ended March 31, 2026, compared to ₹4,281.04 million in the previous year. Revenue from operations for the year rose to ₹32,524.77 million from ₹24,017.36 million in FY25. The Board of Directors has recommended a final dividend of ₹7 per equity share of face value ₹2 for the financial year 2025-26, subject to shareholder approval. The company published extracts of the audited financial results in Business Standard and Pioneer newspapers on May 26, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The audited standalone and consolidated financial results were approved by the Board at its meeting held on May 25, 2026. Statutory auditors Walker Chandiok & Co LLP issued an unmodified opinion on the results. However, the auditors drew attention to trade receivables and other financial assets aggregating to ₹885.28 million, which are substantially overdue. The company believes these amounts are fully recoverable based on internal assessments and legal opinions, and thus no provision for impairment has been recognized.
Financial Performance
For the quarter ended March 31, 2026, the company recorded a standalone net profit of ₹1.43B, compared to ₹1.32B in the same period last year, while quarterly revenue stood at ₹10.4B versus ₹8B in the prior year period. Q4 EBITDA came in at ₹1.3B compared to ₹1.03B year-on-year, with EBITDA margin steady at 12.64% in both periods. Total income for the full year grew to ₹34,507.44 million, while total expenses increased to ₹28,600.64 million.
The following table summarises the company's key financial metrics:
| Metric: | FY26 (₹ millions) | FY25 (₹ millions) | Change |
|---|---|---|---|
| Revenue from Operations: | 32,524.77 | 24,017.36 | Increase |
| Total Income: | 34,507.44 | 25,772.98 | Increase |
| Total Expenses: | 28,600.64 | 20,915.80 | Increase |
| Net Profit: | 5,419.37 | 4,281.04 | 26.5% Increase |
| Earnings Per Share (Basic): | 46.60 | 37.65 | Increase |
The following table highlights the Q4 performance:
| Metric: | Q4 FY26 | Q4 FY25 |
|---|---|---|
| Revenue: | ₹10.4B | ₹8B |
| Net Profit: | ₹1.43B | ₹1.32B |
| EBITDA: | ₹1.3B | ₹1.03B |
| EBITDA Margin: | 12.64% | 12.64% |
Auditor's Emphasis and Notes
The auditors' report highlighted that the overdue receivables primarily relate to a project for Bengal Energy Limited (BEL) and a terminated project in Afghanistan. The BEL project, completed in 2012, has an outstanding receivable of ₹118.26 million under arbitration. The Afghanistan project receivables total ₹589.82 million, which the company expects to recover following approval by the United Nations Office for Project Services (UNOPS) and payment by the Asian Development Bank (ADB).
Additionally, the company has recognized a profit of ₹336.31 million from discontinued operations during the quarter ended June 2025, related to a Late Payment Surcharge from the sale of energy. The Board also approved the annual accounts for the year ended March 31, 2026. Pursuant to Ind AS 33, the reported Consolidated EPS of ₹40.74 does not reflect an uncaptured incremental impact of ₹4.14 per share. Had this impact been incorporated, the effective Consolidated EPS would have been ₹44.88, as compared to the Standalone EPS of ₹46.60.
Historical Stock Returns for Techno Electric & Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.79% | -6.50% | -20.89% | -8.10% | -33.02% | +190.32% |
What is the expected timeline for the resolution of the ₹589.82 million Afghanistan project receivables pending UNOPS and ADB approvals?
How will the company mitigate the risk associated with the ₹885.28 million in overdue trade receivables if legal recovery efforts for the BEL and Afghanistan projects face further delays?
Will the strong revenue growth and steady EBITDA margins in FY26 drive increased capital expenditure or new project acquisitions in the coming fiscal year?


































