Shares of Techno Electric skyrocketed 14% on May 28 as investors lapped up the stock, buoyed by the company’s surge in revenue to multi-year high in the March quarter.
Techno Electric posted a stellar 86% on year jump in revenue for the March quarter to Rs 815.79 crore, sharply higher than the Rs 439.62 crore in the same period last year. Topline growth was accompanied by a spike in EBITDA as well, which more than doubled on year to Rs 126.71 crore, up from Rs 54.42 crore a year ago.
Alongside that, EBITDA margin also expanded 315 basis points year-on-year to 15.5%, up from 12.4%. Backed by the strong operational and topline performance, net profit also saw a robust 74% rise over the previous year.
Looking at the full financial year, Techno Electric reported a 51% growth in revenue to Rs 2,268.6 crore, marking a multi-year high. This follows an exceptional 81% revenue growth in the previous financial year (FY24), underlining the company’s sustained momentum and solid operational execution.
Along with the Q4 results, Techno Electric & Engineering Company announced a final dividend of Rs 9 per equity share for the fiscal year 2025.
At 1.42 pm, shares of Techno Electric were trading at Rs 1,416.70 on the NSE. The sharp uptick in the stock was also driven by a surge in trading volumes in the counter. As much as 43 lakh shares of the company changed hands on the exchanges thus far, already exceeding the one-month daily traded average of two lakh shares.
The stock has also been on a bull run for the last three months, delivering returns of over 45%. Despite that though, the stock is still down around 10% for the year-to-date period.
As of the end of the March quarter, domestic mutual funds in India held a significant 22.57% stake in Techno Electric and Engineering.
Prominent names among these are the Kotak Balanced Advantage Fund with a 6.18% holding, HDFC Mutual Fund at 6.22%, the DSP India T.I.G.E.R Fund with 4.41%, and the HSBC Aggressive Hybrid Fund holding 1.85%.
In addition to domestic institutions, global investment firms like Goldman Sachs also held a 2.42% stake in the company as of the March quarter, which hints towards the company's strong growth prospects.
