Techno Electric & Engineering Company Limited received Rs 80 Cr on May 25, 2026, against Non-Convertible Debentures (NCDs) held in Sankhya Financial Services. The receipt, corresponding to NCDs with a face value of Rs 80 Cr, has been accounted for as a part payment, though the company clarified that no further dues are acknowledged or extinguished by this transaction. The firm continues to maintain a statement of account against trust capital and is engaged in discussions to resolve the residual balance.

Transaction Details

The payment was received against NCDs issued by Sankhya Financial Services. The following table outlines the key financial details of the transaction:

Regulatory Disclosure

This disclosure was submitted to the National Stock Exchange of India Ltd. and BSE Limited. The communication was signed by Niranjan Brahma, Company Secretary & Compliance Officer of Techno Electric & Engineering Company Limited.

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:

The following table highlights the Q4 performance:

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.