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Power Mech Projects Ltd Q2FY24; 19% rise in Profits

Power Mech Projects Limited, incorporated in 1999, 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 company undertakes ultra mega power projects, super critical thermal power projects and sub critical power projects.

Financial Results:

Power Mech Projects Ltd reported Revenues for Q2FY24 of ₹932.00 Crores up from ₹771.00 Crore year on year, a rise of 20.88%.

Total Expenses for Q2FY24 of ₹857.00 Crores up from ₹716.00 Crores year on year, a rise of 19.69%.

Consolidated Net Profit of ₹51.00 Crores up 18.6% from ₹43.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹34.39, up 15.48% from ₹29.78 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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