Latest news with #PowerMechProjects
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Business Standard
23-05-2025
- Business
- Business Standard
Here's why Power Mech shares were buzzing in trade on May 23; details
Power Mech Projects share price: Power Mech Projects (Power Mech) shares were buzzing in trade on Friday, May 23, 2025, with the scrip rising up to 14.70 per cent higher at Rs 3,380 per share. However, at 11:50 AM, Power Mech shares were trading 6.88 per cent higher at Ra 3,149.65 per share. In comparison, BSE Sensex was trading 0.99 per cent higher at 81,749.50 level. Why did Power Mech shares rally today? Power Mech shares rose after posting strong results in the March quarter of financial year 2025 (Q4FY25). The company reported a 53.8 per cent jump in consolidated net profit to ₹129.8 crore in Q4FY25, as against ₹84.4 crore in the same quarter a year ago (Q4FY24), influenced by robust revenue growth and steady operating margins. Revenue from operations zoomed 42.34 per cent Y-o-Y to ₹1,853.3 crore in Q4FY25, from ₹1,301.5 crore in Q4FY24. Meanwhile, profit before tax (PBT) jumped 48.2 per cent Y-o-Y to ₹180.9 crore, from ₹122 crore in Q4FY24. Power Mech dividend Power Mech board has approved the final dividend on equity shares at the rate of 12.5 per cent i.e. ₹1.25 per equity share of ₹10 each for the financial year ended March 31, 2025. 'The above-mentioned dividend, if approved by the shareholders in the ensuing annual general meeting, shall be paid within 30 days of such approval,' the company said. About Power Mech Projects Power Mech Projects is among the leading infrastructure and construction companies with a strong focus on the power and infrastructure sectors. The company offers services such as the erection, testing, and commissioning (ETC) of boilers, turbines, and generators, along with Balance of Plant (BOP) works. Power Mech Projects is also actively involved in the operation and maintenance (O&M) of power plants and undertakes civil construction works related to power projects. Its expertise spans across engineering, procurement, and construction (EPC), making them a key player in delivering integrated solutions for power infrastructure. In addition to its core power sector operations, the company has diversified into other infrastructure domains including railways, mining, steel, transmission and distribution, and process industries. With a growing global footprint, the company has executed projects both in India and internationally. Its broad service offerings include engineering design, project management consultancy, procurement, logistics, and inventory management.
Business Standard
23-05-2025
- Business
- Business Standard
Power Mech Projects spurts after Q4 PAT climbs 54% YoY to Rs 130 cr
Power Mech Projects surged 11.41% to Rs 3,283 after the company reported a 53.76% jump in consolidated net profit to Rs 129.79 crore in Q4 FY25, compared to Rs 84.41 crore in the year-ago period. The robust bottom-line performance was driven by strong revenue growth and steady operating margins. Revenue from operations rose 42.39% YoY to Rs 1,853.28 crore in Q4 FY25, from Rs 1,301.53 crore in the corresponding quarter of the previous year. Profit before tax (PBT) stood at Rs 180.90 crore, up 48.21% from Rs 122.06 crore in Q4 FY24. Total expenses stood at Rs 1687.29 crore in Q4 FY25, up 50.69% to Rs 1,119.69 crore in Q4 FY24. The cost of material consumed was Rs 283.54 crore (up 23.55% YoY), contract execution expenses stood at Rs 1,152.93 crore (up3% YoY), and employee benefit expenses were at Rs 185.78 crore (up 20% YoY) during the period under review. On a full-year basis, the company's net profit jumped 39.92% to Rs 347.55 crore on a 24.43% rise in revenue to Rs 5,234.14 crore in FY25 over FY24. Meanwhile, the companys board has recommended a final dividend of Rs 1.25 per equity share (12.5%) for the financial year ended 31 March 2025, subject to shareholders' approval at the upcoming annual general meeting. Hyderabad-based Power Mech Projects is one of the leading infrastructure construction companies.
Business Standard
23-05-2025
- Business
- Business Standard
Power Mech Projects consolidated net profit rises 38.73% in the March 2025 quarter
Sales rise 42.39% to Rs 1853.28 crore Net profit of Power Mech Projects rose 38.73% to Rs 117.24 crore in the quarter ended March 2025 as against Rs 84.51 crore during the previous quarter ended March 2024. Sales rose 42.39% to Rs 1853.28 crore in the quarter ended March 2025 as against Rs 1301.53 crore during the previous quarter ended March 2024. For the full year,net profit rose 31.61% to Rs 326.48 crore in the year ended March 2025 as against Rs 248.07 crore during the previous year ended March 2024. Sales rose 24.43% to Rs 5234.14 crore in the year ended March 2025 as against Rs 4206.65 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1853.281301.53 42 5234.144206.65 24 OPM % 11.5411.49 - 11.4911.71 - PBDT 196.95134.15 47 547.04426.34 28 PBT 180.90122.06 48 491.24382.30 28 NP 117.2484.51 39 326.48248.07 32
Business Standard
13-05-2025
- Business
- Business Standard
Power Mech Projects secures order of Rs 971.98 cr
From Telangana Power Generation Corporation Power Mech Projects has secured a Rs 971.98 crore (excluding GST) order from Telangana Power Generation Corporation, Telangana, for the work TGGENCO - (Sx800MW)YTPS - Soil Investigation, Engineering, Design and Construction of Integrated Township with infrastructural Works consisting of Independent quarters (A & B Type) and Multistoried (Stilt+ 10 floors) residential quarters (D, E & F Type) including Fire Fighting System, Hospital building, School building, Club house, Commercial complexes, Indoor Stadium, Multipurpose Function Hall, Sports Complex, Security Rooms & Maintenance Offices, site Levelling and Grading, Roads & Drains, Construction of underground potable water tanks, OHSR, Septic Tanks & STP, Avenue Plantation, Parking Sheds, Rainwater harvesting pits, Laying BT approach Road to township including Bridge over Tungapadu vagu, Main Gate & Internal Compound walls, Street lighting, Sub-station at Yadadri Thermal Power Station, Veerlapalem(V), Dameracherla(M), Nalgonda District.
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Business Standard
13-05-2025
- Business
- Business Standard
Rs 972-cr order lifts Power Mech Projects share price 4%; key details here
Power Mech Projects share price: Construction engineering company Power Mech Projects shares were buzzing in trade on Tuesday, May 13, 2025, with the scrip popping as much as 3.78 per cent to hit an intraday high of ₹2,829.60 per share. At 12:45 PM, Power Mech Projects share price was trading 1.55 per cent higher at ₹2,768.50 per share. In comparison, BSE Sensex was trading 1.32 per cent lower at 81,345.28 level. What is the reason behind the uptick in Power Mech Projects share price? The uptick in Power Mech Projects share price came after the company announced that it has secured an order of ₹971.98 crore, excluding GST, from Telangana Power Generation Corporation Limited. In an exchange filing, Power Mech Projects said, '...order secured for the work 'TGGENCO - (Sx800MW)YTPS - Soil Investigation, Engineering, Design and Construction of Integrated Township with infrastructural Works consisting of Independent quarters (A & B Type) and Multistoried (Stilt+ 10 floors) residential quarters (D, E & F Type) including Fire Fighting System, Hospital building, School building, Club house, Commercial complexes, Indoor Stadium, Multipurpose Function Hall, Sports Complex, Security Rooms & Maintenance Offices, site Levelling and Grading, Roads & Drains, Construction of underground potable water tanks, OHSR, Septic Tanks & STP, Avenue Plantation, Parking Sheds, Rainwater harvesting pits, Laying BT approach Road to township including Bridge over Tungapadu vagu, Main Gate & Internal Compound walls, Street lighting, Sub-station at Yadadri Thermal Power Station, Veerlapalem(V), Dameracherla(M), Nalgonda District.' Under the terms of the order, Power Mech Projects will be responsible for the construction of integrated township with infrastructural works consisting of independent quarters (A & B Type), multistoried (Stilt+ 10 floors) residential quarters (D, E & F Type) and its associated works at Yadadri Thermal Power Station, Veerlapalem (V), Dameracherla (M), Nalgonda District. The order has to be executed in 30 months from the date of taking over of site, Power Mech Projects said, in a statement. About Power Mech Projects Power Mech Projects is among the leading infrastructure and construction companies with a strong focus on the power and infrastructure sectors. The company offers services such as the erection, testing, and commissioning (ETC) of boilers, turbines, and generators, along with Balance of Plant (BOP) works. Power Mech Projects is also actively involved in the operation and maintenance (O&M) of power plants and undertakes civil construction works related to power projects. Its expertise spans across engineering, procurement, and construction (EPC), making them a key player in delivering integrated solutions for power infrastructure. In addition to its core power sector operations, the company has diversified into other infrastructure domains including railways, mining, steel, transmission and distribution, and process industries. With a growing global footprint, the company has executed projects both in India and internationally. Its broad service offerings include engineering design, project management consultancy, procurement, logistics, and inventory management. The market capitalisation of Power Mech Projects is ₹8,752 crore, BSE data showed. The company falls under the BSE SmallCap category.
