Revenue jumped 75.76% QoQ as operating margin edged up
Expenses grew slightly slower than revenue, but other income was 14.41% of pre-tax profit and the tax rate fell 1.29 percentage points.
Filed 12 Nov 2026, 18:43 IST · after market close · Techno Electric & Engineering Company Ltd (TECHNOE)
Key takeaways
- Consolidated revenue rose 75.76% QoQ to Rs 1,107.87 cr, while expenses grew 74.55%, lifting operating margin by 0.58 percentage points.
- Net profit increased 69.73% QoQ to Rs 158.41 cr, helped by a 1.29 percentage-point decline in the tax rate to 19.93%.
- Other income contributed 14.41% of pre-tax profit, making reported earnings less purely operating.
Price around the results
Revenue growth outpaced costs in Q2FY27
Consolidated revenue rose 75.76% QoQ to Rs 1,107.87 cr, while expenses increased 74.55% to Rs 926.53 cr. The narrower gap between revenue and expense growth lifted operating margin from 15.79% in Q1FY27 to 16.37% in Q2FY27.
Lower tax rate supported profit growth
Net profit rose 69.73% QoQ to Rs 158.41 cr, while profit before tax increased 67.00% to Rs 197.84 cr. The tax rate fell 1.29 percentage points to 19.93%, which supported the faster growth in net profit than pre-tax profit. Other income accounted for 14.41% of pre-tax profit, so the quarter's earnings included a material non-operating contribution; interest expense also rose 48.43% QoQ.
Margin was above the Industrials peer median
Techno Electric's 16.37% operating margin was 4.86 percentage points above the 11.51% median for the 230 Industrials companies that had reported the same quarter. The margin improved sequentially, but there is only one earlier quarter in the supplied trend, so a longer multi-quarter direction is not established. The company filed these consolidated results after market close, so no market reaction is covered here.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹1,108 cr | ₹630 cr | +75.76% |
| Other income | ₹29 cr | ₹29 cr | -1.89% |
| Expenses | ₹927 cr | ₹531 cr | +74.55% |
| Operating profit | ₹181 cr | ₹100 cr | +82.17% |
| Operating margin (%) | 16.37% | 15.79% | — |
| Interest | ₹6 cr | ₹4 cr | +48.43% |
| Depreciation | ₹6 cr | ₹6 cr | +0.16% |
| Profit before tax | ₹198 cr | ₹118 cr | +67.00% |
| Tax | ₹39 cr | ₹25 cr | +56.88% |
| Net profit | ₹158 cr | ₹93 cr | +69.73% |
| EPS (₹) | ₹13.62 | ₹8.02 | +69.83% |
Operating margin of 16.37% compares with a Industrials sector median of 11.51% across 230 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 16.37% after the 0.58 percentage-point sequential improvement.
- Whether other income remains below or above its 14.41% share of pre-tax profit.
- Whether the tax rate stays near 19.93% after the 1.29 percentage-point sequential decline.