ALFA Finder
| Market Cap | ₹11,814 CrUtilities Sector |
|---|---|
| PE Ratio (TTM) | 27.4xSector PE 21.7x |
| Day RSI | 59.94Neutral Zone |
| 1-Year Return | -20.18%Price Performance |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 1,108 | 630 | 843 |
| Other Income | 28.5 | 29.1 | 37.5 |
| Total Income | 1,136 | 659 | 881 |
| Profit Before Tax | 198 | 118 | 140 |
| Net Profit | 158 | 93.3 | 104 |
| Operating Margin | 17.4% | 18.0% | 15.8% |
| Net Profit QoQ | +69.8% | ||
| Net Profit YoY | +52.3% | ||
| Adj. Profit QoQ | +89.4% | ||
| Adj. Profit YoY | +65.8% | ||
Key highlights
- Consolidated revenue from operations increased 31.4% year-on-year to ₹1,108 crore
- Net profit climbed 52.3% YoY to ₹158 crore from ₹104 crore in the year-ago period
- Quarter-on-quarter net profit growth stood at 69.8% compared to Q1 FY27
- Operating margins expanded to 17.4%, up from 15.8% in the same quarter last year
- Management maintains a revenue guidance of ₹4,000 crore for the full FY27 fiscal year
Operational Scale-up and Profit Momentum
Techno Electric & Engineering delivered a strong operational performance in the second quarter of FY27, with revenue from operations crossing the ₹1,100 crore milestone. Total income for the period reached ₹1,136 crore, representing a significant jump from the ₹881 crore reported in Q2 FY26. This growth was mirrored in the bottom line, where net profit rose to ₹158 crore.
The company saw a sequential surge in execution, with revenue increasing by 75.8% compared to Q1 FY27. Operating margins showed resilience at 17.4%, reflecting effective cost management and execution of higher-margin contracts within its engineering and utility segments.
Asset Recoverability and Legal Updates
- Management is tracking ₹89.6 crore in overdue trade receivables and financial assets which it considers fully recoverable.
- Receivables of ₹58.98 crore from a terminated project in Afghanistan are expected to be settled by the Asian Development Bank via UNOPS.
- Arbitration proceedings for the Bengal Energy project involve ₹11.83 crore, with the next hearing scheduled for November 14, 2026.
- The company is monitoring ₹17.72 crore in receivables related to Renewable Energy Certificates following a floor price revision by CERC.
- An extension for the arbitration tenure for ongoing project claims is expected to be sought from the High Court before December 10, 2026.
Strategic Outlook and Market Valuation
The company’s performance is supported by a substantial order book of ₹11,000 crore as of June 30, 2026, providing high revenue visibility. This order backlog aligns with management's earlier guidance to achieve annual revenues exceeding ₹4,000 crore for FY27. Despite a 20.18% decline in the stock price over the last year, the company maintains a valuation of 27.41x trailing price-to-earnings, which sits above the sector average of 21.68x.
Investors are closely monitoring the company's ability to maintain 13%–14% EBITDA margins as it accelerates project deliveries across the power transmission and EPC sectors.
| Date | Announcement | Amount |
|---|---|---|
| 11 Aug 2026 | Management guidance for FY27 annual revenueSource: scanx.trade | ₹4,000.00 Cr |
| 11 Aug 2026 | Q1 FY27 consolidated revenue from operationsSource: sahi.com | ₹630.34 Cr |
| 25 May 2026 | Q4 FY26 consolidated revenue from operationsSource: urjaglobalinvestment.com | ₹1,010.04 Cr |
| 10 Feb 2026 | Q3 FY26 consolidated revenue from operationsSource: alphave.in | ₹872.20 Cr |
| 12 Nov 2025 | Q2 FY26 consolidated revenue from operationsSource: univest.in | ₹843.43 Cr |
| 12 Aug 2025 | Q1 FY26 consolidated revenue from operationsSource: alphave.in | ₹526.00 Cr |
What to watch next
- Arbitration hearing for the Bengal Energy project scheduled for November 14, 2026
- Application for arbitration tenure extension from the High Court due by December 10, 2026
- Progress update on the ₹58.98 crore receivable recovery from the Afghanistan project via UNOPS
- Achievement of the ₹4,000 crore annual revenue target for FY27
“The management, based on its internal assessment, external legal opinions and certain interim favorable regulatory orders, is of the view that the aforesaid balances are fully recoverable.”
| Share price | ₹1015.85 |
|---|---|
| Market capitalisation | ₹11,814.29 Cr |
| Revenue (annual) | ₹3,251.63 Cr |
| Net profit (annual) | ₹473.87 Cr |
| Revenue (latest quarter) | ₹630.34 Cr-37.59% vs previous quarter |
| Net profit (latest quarter) | ₹93.33 Cr-18.50% vs previous quarter |
| P/E (TTM) | 27.41×Sector 21.68× |
| Promoter holding | 56.92%0.00% QoQ |
| FII holding | 8.09%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Techno Electric & Engineering Company Ltd announcing its Q2 FY27 and half-year financial results. Market figures from a third-party data provider.
