Techno Electric Reports Strong Q3 Growth Amid Concerns Over Income Sustainability
Techno Electric & Engineering Company has recently reported its financial results for the quarter ending December 2024, showcasing notable developments in its performance metrics. The company, operating within the capital goods sector, has experienced a significant adjustment in its evaluation, with its score reflecting a positive shift over the past three months.In terms of financial highlights, Techno Electric's net sales reached Rs 636.08 crore, marking a substantial year-on-year growth of 94.79%. This figure represents the highest quarterly sales recorded in the last five quarters, indicating a robust near-term sales trend. Additionally, the profit before tax less other income (PBT) stood at Rs 84.98 crore, also reflecting a year-on-year increase of 68.64% and achieving the highest level in the same five-quarter span.
Operating profit (PBDIT) and profit after tax (PAT) have similarly reached their peak in recent quarters, with figures of Rs 90.00 crore and Rs 95.99 crore, respectively. However, it is worth noting that a significant portion of the profit before tax is derived from non-operating income, which accounts for 34.14% of the total. This reliance on non-business activities raises questions about the sustainability of the company's income model.
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