Techno Electric Q2 up 17.11 per cent

Techno Electric Q2 up 17.11 per cent
Techno Electric & Engineering Company Ltd. (TEECL) announced its financial results for the quarter and half-year which ended on 30th September, 2012.
Consolidated total income from operations was at Rs. 204.45 crore for the second quarter of FY13 against Rs. 242.16 crore in the corresponding quarter last fiscal. Operating Profit (EBIDTA) stood at Rs. 92.96 crore, up by 9.6 per cent from Rs. 84.82 crore in Q2 FY12. Operating margin for the quarter was at 45.47 per cent against 35.03 per cent in Q2 FY12.
TEECL reported a year-on-year growth in PAT at Rs. 68.15 crore, against Rs. 58.19 crore in the corresponding period of the last fiscal, an increase of 17.11 per cent. EPS stood at Rs. 11.94 against Rs. 10.19 in Q2 FY12. TEECL net profit jumped 19.59 per cent to Rs. 108.84 crore in the first half of current fiscal compared to Rs. 91.01 crore in the corresponding period last year.

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