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The shares of Techno Electric And Engineering Ltd. rose nearly 13% to hit a four-month high after a jump in net profit in the quarter ended March.
Techno Electric reported a 73.7% year-on-year rise in net profit to Rs 135 crore for the quarter ended March, compared to Rs 77.5 crore in the same quarter of the previous fiscal year, according to its stock exchange notification.
Revenue increased by 85.6% year-on-year for the three months ended March, reaching Rs 816 crore. Operating income, or earnings before interest, taxes, depreciation, and amortisation, more than doubled year-on-year to Rs 126.7 crore. The Ebitda margin expanded 230 points to 15.5%.
Techno Electric on Tuesday also announced a dividend of Rs 9 per equity share for the fourth quarter of fiscal 2024-25. The company announced distribution of Rs 104.66 crore to shareholders in the fourth quarter of this fiscal.
In comparison, the company had issued a final dividend of Rs 7 apiece on Sept. 13, 2024, and a dividend of Rs 6 on Sept. 15, 2023.
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