Power Mech Projects Ltd Share Price – NSE  / BSE

Infrastructure Developers & Operators, Small Cap

The contract entails mechanical construction works for a 2x800 MW Raipur Phase II Ultra Supercritical Thermal Power Project at Raikheda village in Raipur District, Chhattisgarh.

The consideration for this contract is Rs 510 crore, and it is to be executed in 34 months.

Hyderabad-based Power Mech Projects is one of the leading infrastructure construction companies.

The company reported a 35.60% jump in consolidated net profit to Rs 69.51 crore on a 11.04% increase in revenue from operations to Rs 1,035.49 crore in Q2 FY25 over Q2 FY24.

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Power Mech Projects has received an order worth Rs 510 crore from Adani Power, related to the performance of Mechanical construction works for 2x800 MW Raipur Phase-II Ultra Supercritical Thermal Power Project (Project), at Raikheda village in Raipur District, Chhattisgarh - 493225.

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Revenue from operations increased 11.04% to Rs 1,035.49 crore during the quarter as compared with Rs 932.49 crore posted in same period last year.

Profit before tax rose 25.71% YoY to Rs 100.90 crore in Q2 FY25 over Q2 FY24.

Total expenses stood at Rs 944.05 crore in Q2 FY25, up 10.51% to Rs 854.22 crore in Q2 FY24. Cost of material consumed was Rs 170.78 crore (up 30.14% YoY), contract execution expenses stood at Rs 568.49 crore (up 6.03%YoY), employee benefit expenses was at Rs 154.41 crore (up 10.22% YoY) during the period under review.

On half year basis, the company’s consolidated net profit rallied 28.35% to Rs 131.24 crore on 13.64% increase in revenue from operations to Rs 2,042.89 crore in H1 FY25 over H1 FY24.

Hyderabad-based Power Mech Projects is one of the leading infrastructure-construction companies.

Shares of Power Mech Projects declined 2.17% to close at Rs 2,676.65 on Tuesday, 12 November.

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Net profit of Power Mech Projects rose 30.82% to Rs 67.07 crore in the quarter ended September 2024 as against Rs 51.27 crore during the previous quarter ended September 2023. Sales rose 11.05% to Rs 1035.49 crore in the quarter ended September 2024 as against Rs 932.49 crore during the previous quarter ended September 2023.

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