Techno Electric shares surged over 5% in early morning trading following a strong Q1 performance. As of 10:12 AM, the shares were trading 5.25% higher at Rs 1,438.60.
The company reported a consolidated revenue of Rs 526 crore, marking a 40% increase from Rs 375 crore in the same quarter last year. Net profit rose 38.8% to Rs 136 crore compared to Rs 98.1 crore earlier.
EBITDA showed impressive growth of 76.6%, reaching Rs 92.4 crore against Rs 52.3 crore previously. EBITDA margin improved significantly to 17.6% from 13.9%, reflecting better operational efficiency.
The stock opened at Rs 1,390 and traded between Rs 1,390 and Rs 1,477, gaining momentum after the results. Currently, Techno Electric’s share price remains well above its 52-week low of Rs 785.15, with a 52-week high of Rs 1,822.
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