FY26 Revenue: ₹3,500 crore
Full year revenue target confirmed at ₹3,500 crore, implying ~25% growth YoY based on Q1 execution momentum and order book strength.
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Techno Electric & Engineering Company · forward-looking guidance across the available source record.
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revenue
FY26 EPS: ₹50 per share
Earnings per share forecast of ₹50 for current fiscal year, rising to approximately ₹75 in FY27 as data center business scales.
FY27 Revenue Growth: ~25%
Management targets approximately 25% revenue growth for FY27, translating to ~₹4,375 crore, driven by data center ramp-up and AMI deployment.
40-50% CAGR for Next Two Years
Order book of ₹10,048 crore plus L1 positions and robust bidding pipeline expected to sustain 40-50% compound annual growth for at least two years.
Smart Meter Deployment: 1 Million+ in FY26
Plan to deploy over 1 million smart meters during the fiscal year, with 1.7-1.8 million cumulative installed by year-end out of 2.5 million total concession.
FY26 Revenue Target: Rs 3,300-3,400 Cr
Full-year guidance reaffirmed; Q4 expected to be the best quarter, growing over prior year. Other income guidance of ~Rs 150 Cr annually.
FY26 EPS Guidance: Rs 50
Management confirms ~Rs 50 EPS target for FY26 on standalone basis; consolidated within +/-5% of standalone.
FY27 EPS Guidance: Rs 75
Company maintains Rs 75 EPS guidance for FY27, anticipating no major execution challenges beyond land availability delays.
FY27 Data Center Capex: Rs 500-600 Cr
Capex planned for NOIDA, Kolkata, and 3-4 edge data centers in FY27 (April 2026 - March 2027).
FY27 Revenue: ₹4,000 crore (±₹200 crore)
Standalone basis with ~13% EBITDA margin, subject to GCC war resolution timeline. EPS guidance of ₹60 reflects near-term commodity inflation headwinds.
FY28 Revenue: ₹5,000 crore with EPS ₹75
Management reaffirmed EPS trajectory despite FY26 miss from ₹50 to ₹46.66 target. Assumes war impact normalizes within H1 FY27.
FY27 Data Center Revenue: ₹40-50 crore
Conservative target reflecting 6-month ramp period for Chennai facility in competitive landscape against established players like Adani, Reliance, and NTT.
FY27 Capex: ₹1,250 crore
₹1,000 crore for data center expansion (NOIDA, Kolkata, edge rollout), ₹250 crore for smart metering completion. ~60% of smart metering capex internally funded.