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Techno Electric FY12 PAT jumps by 7.12% at Rs 120.77 crore

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Techno Electric and Engineering Company Ltd (TEECL), one of the leading EPC Company in the country focused on power sector and emerging into power Generation & Transmission, reported its financial performance for the quarter and full year ended 31st March, 2012.

Consolidated Net Sales of the Company rose 10.96% to Rs 218.01 crore as against Rs 196.48 crore in Q4FY11. EBIDTA increased from Rs 28.59 crore to Rs 34.22 crore while EBIDTA margin for the quarter stood at 15.7% against 14.55% in Q4FY11. TEECL reported Profit After Tax of Rs 14.64 crore, as against Rs 19.85 crore in the same quarter of last financial year.

For the year ended March 31st, 2012, Net Sales stood at Rs 819.6 crore against Rs 715.24 crore, a 14.59% gain over the corresponding period of last fiscal. EBIDTA increased from   Rs 163.28 crore to Rs 224.33 crore while EBIDTA margin for the period stood at 27.37% against 22.83%. Profit After Tax for the period stood at Rs 120.77 crore against Rs 112.75 crore reported in the last corresponding period.

Techno Electric successfully commissioned the first Viability Gap Funded power transmission project in a JV during the year. The project is a Public-Private Partnership project with the Haryana Government initiative and the first ever transmission project to get Viability Gap Funding support from the Central Government.

In the power Generation space, Techno successfully brought in IFC as an equity partner for its 100 MW wind power expansion project during the fiscal 2012. At present TEECL along with its subsidiary Simran, has an installed capacity of 207 MW. During the year, Simran emerged as the first project developer in the country to have won accreditation for more than 100 MW for its wind generation project under the Renewable Energy Certificate (REC) Scheme. Simran sold a total of 81,443 RECs at an average price of around 2900/-per REC during the financial year FY11-12, realizing Rs 23.64 crore, a share of close to 8% in the total traded volume in the REC market.

Commenting on the company’s performance, Mr. P.P. Gupta, Managing Director, TEECL, said, “The year was significant in terms of growth witnessed in the company. TEECL moved up the value chain, from being a power EPC contractor to a leading IPP in clean energy & becoming owner of the first ever power transmission network in the country. We remain committed to our strategy of having an installed capacity of 1,250 MW & adding one transmission link annually to our portfolio by 2017.”T

 

 

Editor’s Synopsis

FY12 vs. FY11 (Consolidated)

  • Net Sales at Rs 819.6 crore vs. Rs 715.24 crore; up 14.59%
  • EBIDTA at Rs 224.33 crore vs. Rs 163.28 crore; jumps 37.39%
  • EBIDTA margin at 27.37% against 22.83%
  • PAT at Rs 120.77 crore against Rs 112.75 crore; up 7.12%

Q4FY12 vs. Q4FY11 (Consolidated)

  • Net Sales at Rs 218.01 crore vs. Rs 196.48 crore; up 10.96%
  • EBIDTA at Rs 34.22 crore vs. Rs 28.59 crore; jumps 19.69%
  • EBIDTA margin at 15.7% against 14.55%
  • PAT at Rs 14.64 crore against Rs 19.85 crore
 

 

 

 

Business | News published on 14 / 05 / 2012 by Bharat Vasandani

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