Power Mech Projects shares rise over 2% after strong Q1 results
Shares of Power Mech Projects Ltd gained 2.30% to Rs 3,120 as of 9:26 am on Monday, August 11, compared to the previous close of Rs 3,050. The stock traded between Rs 3,060 and Rs 3,165.90 during the session, taking its market capitalisation to nearly Rs 9,981 crore.
The rally comes after the company on Friday, August 8, reported a 30.4% year-on-year jump in net profit to Rs 80.5 crore for the first quarter ended June 30, 2025, up from Rs 61.7 crore in Q1FY25. Revenue from operations surged 28.4% to Rs 1,293 crore compared to Rs 1,007 crore in the year-ago period.
At the operating level, EBITDA rose 49% to Rs 170.4 crore over Rs 114.4 crore a year earlier, with the EBITDA margin expanding to 13.2% from 11.3%.
In addition, the board has appointed Bontha Prasada Rao as an additional director in the category of non-executive and independent director for a three-year term starting August 8, 2025, subject to shareholder approval.
The stock is currently trading well above its 52-week low of Rs 1,700 but remains below its 52-week high of Rs 3,725.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
10 minutes ago
- Business Upturn
BEML Q1 Results: Revenue flat at Rs 634 crore, Net loss narrows to Rs 64 crore
BEML Limited reported consolidated revenue from operations of Rs 634 crore in Q1FY26, almost unchanged from Rs 634 crore in the same quarter last year. Sequentially, revenue declined sharply from Rs 1,652 crore in Q4FY25. The company posted a net loss of Rs 64 crore in the quarter ended June 30, 2025, compared to a loss of Rs 70 crore in Q1FY25, while in Q4FY25, it had reported a profit of Rs 288 crore. BEML's loss before tax stood at Rs 70 crore in the quarter, against Rs 75 crore loss a year ago. EBITDA loss for the quarter came in at Rs 48 crore, marginally lower than the Rs 50 crore loss reported in Q1FY25. Total expenses stood at Rs 713 crore, compared to Rs 710 crore in the same quarter last year. The company's operating performance remained subdued due to a drop in sales volumes and a sharp sequential fall from the March quarter, which had benefitted from year-end deliveries. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
10 minutes ago
- Business Upturn
IndusInd Bank launches ‘Indus StartUp Banking' to support early-stage ventures
By Aditya Bhagchandani Published on August 11, 2025, 14:10 IST IndusInd Bank has introduced a dedicated programme called 'Indus StartUp Banking' aimed at providing comprehensive financial and operational support to early-stage startups in India. The initiative, announced on August 11, 2025, offers a 360-degree suite of banking, credit, and beyond-banking services to help founders focus on business growth. The programme includes startup current accounts with a three-year waiver on non-maintenance charges, access to 250+ APIs via a developer portal, free payment gateway and PoS installation, corporate salary accounts for employees, as well as value-added services like tax filing, legal advisory, HRMS, and ESOP management. Founders will also get exclusive access to PIONEER lounges in major cities for meetings with clients and investors. Soumitra Sen, Head – Consumer Banking & Marketing at IndusInd Bank, said the bank aims to act as a long-term partner in growth for entrepreneurs, simplifying operations and reducing financial friction. Startups under 10 years old can apply through the bank's website or via email. The bank has also partnered with AIC STPINEXT, DPIIT – Startup India, and IIM Lucknow EIC to strengthen its startup ecosystem engagement. As of June 30, 2025, IndusInd Bank serves around 42 million customers through 3,110 outlets and 3,052 ATMs, with a presence across 1.64 lakh villages in India. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
10 minutes ago
- Business Upturn
Ipca Laboratories Q1 results: Net profit surges 21% YoY to Rs 233.21 crore, revenue up 10.3%
Ipca Laboratories Limited posted a consolidated net profit attributable to owners of the company at Rs 233.21 crore for the quarter ended June 30, 2025, marking a 21% increase from Rs 192.24 crore in the same period last year. Sequentially, profit was sharply higher compared to Rs 67.82 crore in Q4 FY25. Revenue from operations rose 10.33% year-on-year to Rs 2,308.85 crore, up from Rs 2,092.63 crore in Q1 FY25, supported by improved sales performance. Total income stood at Rs 2,341.51 crore against Rs 2,113.24 crore a year ago. Total expenses increased to Rs 2,011 crore from Rs 1,822.85 crore last year, driven by higher employee costs at Rs 543.17 crore versus Rs 487.87 crore and other expenses at Rs 657.70 crore versus Rs 568.55 crore. Operating profit before exceptional items and tax came in at Rs 330.51 crore, up from Rs 290.39 crore last year. Profit before tax rose to Rs 330.51 crore from Rs 290.39 crore in Q1 FY25. After accounting for tax expenses of Rs 95.34 crore and other adjustments, profit from continuing operations stood at Rs 232.89 crore. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
