Source: CNBCTV18
Infrastructure services firm Power Mech Projects Ltd reported a strong set of numbers for the March quarter of FY25, with net profit rising 53.8% year-on-year to â¹129.8 crore, up from â¹84.4 crore a year earlier.
The strong bottomline growth was supported by a sharp rise in topline as well as stable operating margins.
Revenue for the quarter stood at â¹1,853.3 crore, registering a 42.4% jump compared to â¹1,301.5 crore in Q4FY24, reflecting strong execution momentum across key segments.
The company also saw a healthy operating performance, with EBITDA rising 44.3% YoY to â¹215.7 crore from â¹149.5 crore in the year-ago period. Margins remained steady at 11.6%, compared to 11.5% reported last year, indicating efficient cost management.
The board of directors has recommended a final dividend of â¹1.25 per equity share (12.5%) for the financial year ended March 31, 2025, subject to shareholder approval at the upcoming annual general meeting.
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Power Mech is known for its strong presence in industrial construction and services, particularly in the power sector. Ahead of the earnings announcement, shares of the company closed 1.03% higher at â¹2,955 on the BSE on Thursday.
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