Shares of Techno Electric and Engineering Company took a significant hit, dropping nearly 13% during trading on Tuesday following a decrease in its fourth-quarter profit. The stock experienced a sharp decline of 12.8% on the BSE, reaching an intra-day low of Rs 1,194 per share. However, it managed to recover some of its losses later in the session and was trading 11.8% lower at Rs 1,208.8 apiece around 1:25 p.m.
The decline in share price was triggered by Techno Electric’s announcement of its financial results for the quarter ending March 2026, made public on Monday after market hours. Despite the profit dip, the company showcased robust top-line growth, with revenue from operations climbing 23.8% year-on-year to Rs 1,010.04 crore in the March quarter, compared to Rs 815.79 crore in the same period last fiscal year.
Techno Electric, a prominent player in India’s power infrastructure sector with over 40 years of experience in engineering, procurement, and construction (EPC), asset ownership, and operations and maintenance services, has established a strong presence in power generation, transmission, and distribution segments. The company has been instrumental in the setup of NTPC Limited’s first power station at Shaktinagar and has been involved in various capacities in almost every NTPC power project.
In the transmission domain, Techno Electric has been responsible for constructing more than half of Power Grid Corporation of India Limited’s 276 substations, totaling over 150 substations. With a workforce of approximately 400 professionals, the company has successfully completed over 400 projects in India and overseas across its business verticals.
