Techno Electric & Engineering Company Ltd Q1FY24; 31% fall in Profits

Techno Electric & Engineering Company Ltd (TEECL) is engaged in providing Engineering, Procurement and Construction (EPC), asset ownership and operations and maintenance services in the power infrastructure industry.

Financial Results:

Techno Electric & Engineering Company Ltd reported Revenues for Q1FY24 of ₹274.00 Crores up from ₹145.00 Crore year on year, a rise of 88.97%.

Total Expenses for Q1FY24 of ₹259.00 Crores up from ₹126.00 Crores year on year, a rise of 105.56%.

Consolidated Net Profit of ₹25.00 Crores down 30.56% from ₹36.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.30, down 28.79% from ₹3.23 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.