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Techno Electric and Engineering Co Ltd posted a 37 per cent decline in standalone net profit to nearly Rs 14.05 crore in the quarter ended December 31 compared with Rs 22.29 crore during the same period last year.
The company witnessed a 21 per cent dip in standalone net sales to nearly Rs 115.65 crore during the period.
Techno Electric, however, reported a near nine per cent growth in consolidated net profit in Q3. The company’s stock is ruling at Rs 188.
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