Power Mech Projects Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

The contracts have been awarded by Mirzapur Thermal Energy (UP) and Mahan Energen for ultra supercritical thermal power projects.

The scope of work includes erection, testing, commissioning and manpower assistance for performance guarantee tests of Steam Generator (SG) and Steam Turbine Generator (STG), along with auxiliaries, for Unit 1 and 2 of the 2x800 MW Mirzapur Phase-I and Mahan Phase-III projects.

The Mirzapur order is valued at Rs 515 crore, while the Mahan order is worth Rs 490 crore (excluding GST and applicable taxes). The projects are to be executed within 36 months from the erection start date as notified under the Notice to Proceed (NTP).

The company reported a 14.6% year-on-year increase in consolidated net profit to Rs 93.99 crore in Q3 FY26, compared with Rs 82.03 crore recorded in Q3 FY25. Revenue from operations (net sales) rose 6.1% YoY to Rs 1,419.56 crore for the quarter ended 31 December 2025, as against Rs 1,337.97 crore in the corresponding period last year.

Power Mech Projects is an engineering and construction company providing integrated service in erection, testing, and commissioning (ETC) of boilers, turbines, and generators and balance of plant (BOP), civil works, and operation and maintenance (O&M).

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Power Mech Projects has secured large scale orders aggregating to Rs 1005 crore from Mirzapur Thermal Energy (UP) and Mahan Energen (subsidiaries of Adani Power). The scope of work includes onsite services for erection, testing, commissioning and manpower assistance for performance guarantee test of steam generator (SG) (package A) and steam turbine generator (STG) (package B) for Unit 1 and 2 of 2x800 MW Mirzapur Phase-I Ultra Supercritical Thermal Power Project and for Unit 1 and 2 of 2x800 MW Mahan Phase III Ultra Supercritical Thermal Power Project.

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Revenue from operations (net sales) rose 6.1% YoY to Rs 1,419.56 crore for the quarter ended 31 December 2025, as against Rs 1,337.97 crore in the corresponding period last year.

Profit before tax (PBT) for the quarter stood at Rs 123.86 crore in Q3 FY26, up 2.1% from the Rs 121.32 crore reported in Q3 FY25.

Total expenses increased 6.78% to Rs 1,309.10 crore in Q3 FY26 as compared with Rs 1,225.98 crore in Q3 FY25. The cost of raw material consumed stood at Rs 233.26 crore (up 8.84% YoY), and employee benefit expenses were at Rs 191.86 crore (up 11.85% YoY) during the period under review.

Power Mech Projects is an engineering and construction company providing integrated service in erection, testing, and commissioning (ETC) of boilers, turbines, and generators and balance of plant (BOP), civil works, and operation and maintenance (O&M).

The counter slipped 3.56% to Rs 2,191.25 on the BSE.

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Net profit of Power Mech Projects rose 14.58% to Rs 93.99 crore in the quarter ended December 2025 as against Rs 82.03 crore during the previous quarter ended December 2024. Sales rose 6.10% to Rs 1419.56 crore in the quarter ended December 2025 as against Rs 1337.97 crore during the previous quarter ended December 2024.

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