Techno Electric & Engineering (NSE:TECHNOE) Second Quarter 2023 Results
Key Financial Results
- Revenue: ₹2.47b (down 9.7% from 2Q 2022).
- Net income: ₹588.1m (down 9.3% from 2Q 2022).
- Profit margin: 24% (in line with 2Q 2022).
- EPS: ₹5.35 (down from ₹5.90 in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Techno Electric & Engineering Earnings Insights
Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in India.
Performance of the Indian Construction industry.
The company’s shares are up 1.0% from a week ago.
You should learn about the 2 warning signs we’ve spotted with Techno Electric & Engineering.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.