TechnoElectricannounces FY12a13 Financial Results
FY13 vs. FY12 Consolidated
Total Income from Operations at Rs 700.13 crore vs. Rs 819.86; down by 14.6 %
EBIDTA at Rs. 234.68 crorevs. Rs. 224.3 crore; an iincrease of 4.63%
EBIDTA margin at 33.52% vs. 27.36% inFY12
PATat Rs 120.35 crore against Rs 120.89 crore;
PATmargin at 16.7% vs. 14.35% in FY 12
SimranWind Project Pvt Ltd (subsidiary)
Total Income from Operations at Rs 148.65 crore vs. Rs 87.66 crore ; up by69.58 %
EBIDTA at Rs. 142.16 crorevs. Rs 83.48crore; an increase of 70.3%
EBIDTA margin at 95.63% vs. 95.22% inFY12
PATat Rs 61.84crore against Rs 28.95 crore;
PATmargin at 41.36% vs. 31.87% in FY12
The Board recommended a dividend of Rs 3 per equityshare.
Commenting on the results, P P Gupta, managing director,TEECL, said, “We closed another year with modest performance. Power sector in India has been sluggish overall which is visible in our results as well, but we believe in bottom line and not just the top line, therefore even though our top line has decreased our bottomline has remained unchanged while our profit margin has increased on consolidated basis. The power sector scenario seems to be recovering from its lows and an uptick in orders is visible since the past couple of months.”
“This positive change in the industry has led us to successfully book orders to the tune of Rs 320 crore during the quarter with cumulative unexecuted order book position of more than Rs 1000 crore at the end of the year. We shall continue to grow sustainably in EPC and expand ourgreen energyportfolio in the coming financial year,” added P P Gupta.