Q4 2024 Techno Electric & Engineering Company Ltd Earnings Call Transcript
Key Points
- Techno Electric & Engineering Co Ltd (BOM:542141) reported a 7.5% year-on-year increase in total revenue for Q4 FY24, reaching INR 482.67 crores.
- The company's EBITDA for Q4 FY24 increased by 52% year-on-year to INR 58.84 crores.
- Profit before tax for Q4 FY24 rose by 58% year-on-year to INR 83.5 crores.
- The company announced a dividend of INR 7 per share, amounting to 350% on the face value of the share.
- Techno Electric & Engineering Co Ltd (BOM:542141) has a strong balance sheet with cash and cash equivalents of INR 1,500 crores.
- The 40-megawatt data center in Chennai is still in the implementation stage and is not yet revenue-accretive.
- There have been delays in land acquisition for some projects, impacting the timely execution and revenue recognition.
- The company faces challenges in scaling its workforce and infrastructure to meet the growing opportunities in the power sector.
- The smart metering business is capital-intensive, requiring significant upfront investment before revenue generation.
- The company plans to raise INR 1,250 crores through QIP, which may dilute existing shareholders' equity.
Ladies and gentlemen, good day, and welcome to Techno Electric & Engineering Company Limited Q4 FY24 earnings conference call hosted by Asian Market Securities Limited.
This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. Actual results may differ from to such expectations, projections, et cetera, whether expressed or implied. Participants are requested to exercise caution while referring to such statements and remarks. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Suraj Sonulkar from Asian Market Securities Limited. Thank you, and over to you, sir.
Thank you, Neha. Good afternoon, everyone. On behalf of Asian Market Security, we welcome you all to Q4 FY24 earnings
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