Techno Electric discloses it's Q2FY14 Financial Results

Total income from Operations to be Rs 170 crore

October 31, 2013. By Moulin

Techno Electric & Engineering Company Ltd (TEECL), one of the leading power sector EPC Companies in the country, with a presence in Power Generation & Transmission, announced its financial results for the second quarter and half year ended 30th September 2013. TEECL reported Total Income from Operations at Rs 170 crore on a consolidated basis for the second quarter of FY14 against Rs 204.45 crore in the corresponding quarter last fiscal. Operating Profit (EBIDTA) stood at Rs 67.52 crore. Operating margin for the quarter stood at 39.72%. PAT for the quarter was reported at Rs 37.09 crore. EPS stood at Rs 6.5 for the quarter ended 30.09.2013.

EPC Segment - The EPC business, accounting for 69.32% of total revenue for the quarter, achieved a turnover of Rs 117.85 crore against Rs 125.17 crore in the corresponding quarter in the previous year. The segment closed the quarter with an order book of Rs 1,200 crore.

Energy Segment - Revenue from this segment stood at Rs 52.16 crore against Rs 79.27 crore in the corresponding quarter last fiscal. The vertical accounted for 30.68% of total revenue in Q2FY14. The total wind capacity (207.35 MW) generated 129.74 million units of energy against 189.64 million units in Q2FY13.

Commenting on the results, Mr. P.P. Gupta, Managing Director, TEECL, said, “The quarter has been a challenging one though we are hoping to see traction in the segments where we operate. We hope to see more orders being awarded in the sector which will enable sound and sustained growth.”

Q2FY14 vs. Q2FY13 (Consolidated):

·Total Income from Operations at Rs 170 crore vs. Rs 204.45 crore

·EBIDTA at Rs. 67.52 crore vs. Rs. 92.96 crore;

·EBIDTA margin at 39.72% vs. 45.47% in Q2FY13

·PAT at Rs 37.09 crore against Rs. 68.15 crore

H1FY14 vs. H1FY13 (Consolidated):

·Total Income from Operations at Rs 338.98 crore vs. Rs 398.13 crore

·EBIDTA at Rs. 125.94 crore vs. Rs. 169.37 crore

·EBIDTA margin at 37.15% vs. 42.54%

·PAT at Rs 65.08 crore against Rs 108.84 crore

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