Power Mech Projects Ltd. reported a 30% year-on-year increase in consolidated revenue to ₹1,609.3 crore for the September quarter from ₹1,237.9 crore in the corresponding quarter last year. Net profit attributable to the company's equity shareholders rose 11.9% from last year to ₹83.8 crore from ₹74.9 crore a year ago.
Earnings before interest, tax, depreciation and amortisation increased by 21.8% to ₹179 crore, compared with ₹147 crore in the year-ago quarter. However, EBITDA margin contracted to 11.1% from 11.9% in Q2FY26. Order book provides over two years of revenue visibilityPower Mech had an order book of ₹16,229 crore at the end of the June quarter, excluding its mine development and operations business.
The order book provides revenue visibility of more than two years, according to the company. Power Mech primarily operates in construction and maintenance activities and does not report separate business segments in its financial results. Half-year performanceFor the six months ended September 2026, consolidated revenue from operations increased 27.7% YoY to ₹3,233 crore from ₹2,531.3 crore in the corresponding period last year.
Net profit attributable to equity shareholders rose to ₹163.6 crore from ₹127.4 crore in the first half of FY26. Profit before tax, before accounting for the share of profit or loss from joint ventures and associates, stood at ₹252.4 crore, compared with ₹246.9 crore a year earlier.
Cash flow and capital expenditureThe company's consolidated net cash used in operating activities narrowed to ₹2.85 crore in the first half of FY27 from ₹62.6 crore in the corresponding period last year. Capital expenditure, including purchases of fixed assets and capital work-in-progress, stood at ₹496.5 crore during the first half, compared with ₹96.2 crore a year earlier.
Shares of Power Mech Projects are fluctuating between gains and losses, currently trading 0.25% lower after the results announcement at ₹2,400.6. The stock is up only 5.5% so far this year.