Techno Electric & Engineering Company Limited announced the outcome of its Board Meeting held on February 10, 2026. The Board approved and recorded the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. The results were reviewed by M/s. Walker Chandiok & Co. LLP. Key financial disclosures highlighted overdue trade receivables aggregating to ₹885.28 millions, which management believes are fully recoverable.
Board Meeting Outcome and Key Approvals
Techno Electric & Engineering Company Limited informed stock exchanges regarding the conclusion of its Board of Directors meeting held today, February 10, 2026. The meeting commenced at 4:30 PM and concluded at 5:30 PM.
The primary outcome was the approval and recording of the Unaudited Standalone and Consolidated Financial Results for both the quarter and the nine-month period ending December 31, 2025. These results were accompanied by the Review Report issued by the statutory auditors, M/s. Walker Chandiok & Co. LLP.
Unaudited Standalone Performance Highlights (Q3 FY26)
For the quarter ended December 31, 2025, total income was ₹8,970.04 millions. After accounting for total expenses of ₹7,451.86 millions, the profit before tax stood at ₹1,517.79 millions. The basic and diluted Earnings Per Share (EPS) for continuing operations for the quarter was reported at ₹10.25.
For the nine-month period ending December 31, 2025, total income reached ₹22,093.08 millions, leading to a total profit after tax (including discontinued operations) of ₹3,593.53 millions. The resulting basic and diluted EPS from continuing operations for the nine-month period was ₹28.73.
Consolidated Performance Overview (Q3 FY26)
The Consolidated Statement showed total income for the quarter ending December 31, 2025, at ₹9,038.93 millions, with a profit before tax of ₹1,440.89 millions. Total comprehensive income attributable to the owners of the company for the quarter was ₹1,251.37 millions.
For the nine-month consolidated period, total income was ₹23,591.06 millions, and the total comprehensive income attributable to owners was ₹3,829.52 millions.
Key Auditor Comments and Notes
The Independent Auditor’s Review Report highlighted specific attention areas:
- Trade Receivables Overdue: Attention was drawn to trade receivables and other financial assets aggregating to ₹885.28 millions, which were substantially overdue as of December 31, 2025. Management asserts these balances are fully recoverable based on internal assessments and legal opinions, and thus no impairment provision was recognized.
- Subsidiary Review Reliance (Standalone): The conclusion on standalone results relies on the review reports of certain other auditors for financial information pertaining to subsidiaries, including those located outside India.
- Subsidiary Review Reliance (Consolidated): The consolidated results included interim financial information for nine subsidiaries reviewed by other auditors, and five subsidiaries whose information was unreviewed but deemed not material to the Group.
Notes on Financial Developments
The notes accompanying the results provided context on significant operational and regulatory matters:
- Discontinued Operations Profit: The previous quarter recognized a profit from discontinued operations of ₹336.81 Millions related to Late Payment Surcharge (LPS) from energy sales, received in July 2025.
- Afghanistan Project Receivable: Total receivables of ₹589.82 Millions remain outstanding for the terminated Afghanistan project. Payment confirmation has been received from the Asian Development Bank (ADB) through UNOPS, and the company is proceeding with verification processes.
- Renewable Energy Certificates (RECs): Receivables of ₹177.20 Millions related to the differential floor rate of RECs are monitored. The management is confident of recovery as the differential amount has been deposited with CERC by the buyers.
- Labor Codes Impact: The company has evaluated the incremental impact of the new comprehensive labor codes enacted effective November 21, 2025, recognizing additional liability for gratuity and leave based on actuarial valuation pending final rules.
Source: BSE
