Power Mech Projects announced that the Board of Directors of the Company at its meeting held on 27 June 2020, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Net profit of Power Mech Projects declined 10.26% to Rs 31.40 crore in the quarter ended March 2020 as against Rs 34.99 crore during the previous quarter ended March 2019. Sales declined 9.23% to Rs 594.56 crore in the quarter ended March 2020 as against Rs 654.99 crore during the previous quarter ended March 2019.

For the full year,net profit rose 7.97% to Rs 131.33 crore in the year ended March 2020 as against Rs 121.64 crore during the previous year ended March 2019. Sales declined 4.27% to Rs 2164.68 crore in the year ended March 2020 as against Rs 2261.30 crore during the previous year ended March 2019.

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Power Mech Projects will hold a meeting of the Board of Directors of the Company on 27 June 2020.

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Power Mech Projects announced that Rohit Tibrewal, Company Secretary and Compliance Officer of the Company has resigned w.e.f 09 April, 2020 due to personal reasons.

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