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Results
08-Aug-21
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Analysis
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Power Mech Projects
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Strong execution despite impact of 2nd wave of Covid
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Consolidated net sales (including other operating income) of Power Mech
Projects has increased 126% to Rs 622.85 crore. OPM was 10.6 as
against negative 5% and thus the operating profit was Rs 66.03 crore against a
loss of RS 13.86 crore. Raw material cost as a % of total sales (net of stock
adjustments) decreased from 13.47% to 11.65%. Employee cost
decreased from 24.90% to 15.24%. Other expenses fell from 66.61% to
62.50%. Selling and administration expenses fell from 64.03% to
61.47%. Construction development cost fell from 64.03% to 61.47%.
Other income rose 183% to Rs 5.21 crore. Provision for
interest fell 3% to Rs 19.19 crore. Provision for depreciation fell 2%
to Rs 9.02 crore. Thus the PBT was a profit of RS 43.03 crore
compared to a loss of Rs 41.02 crore. Provision for tax was debit of Rs 10.28
crore, compared to credit of Rs 11.01 crore. Effective tax rate was
24.63% compared to 25.19%. Thus the PAT was a profit of Rs 32.75 crore compared
to a loss of Rs 2.69 crore in the corresponding previous period. Share of loss from associate/JV was down 52% to
Rs 1.3 crore. Thus the net profit after MI was a loss of Rs 31.44
crore compared to a loss of Rs 32.60 crore in the corresponding previous
period.
Other developments
Promoters’ stake was 63.70% as of 30 June 2021, compared to 62.57% as of
30 June 2020.
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Power
Mech Projects: Consolidated Results
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2106
(3)
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2006
(3)
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Var.
(%)
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2103
(12)
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2003
(12)
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Var.
(%)
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Sales
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622.85
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275.01
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126
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1884.09
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2164.68
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-13
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OPM (%)
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10.6
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-5.0
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2.2
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12.5
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OP
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66.03
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-13.86
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LP
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41.88
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270.75
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-85
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Other
inc.
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5.21
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1.84
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183
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16.34
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9.34
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75
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PBIDT
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71.24
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-12.02
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LP
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58.21
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280.09
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-79
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Interest
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19.19
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19.80
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-3
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79.25
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74.06
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7
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PBDT
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52.05
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-31.82
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LP
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-21.04
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206.03
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-110
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Dep.
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9.02
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9.20
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-2
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35.77
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39.42
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-9
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PBT
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43.03
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-41.02
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LP
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-56.80
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166.61
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PL
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Taxation
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10.28
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-11.01
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PL
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-11.33
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37.48
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LP
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PAT
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32.75
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-30.01
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LP
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-45.47
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129.13
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PL
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Share
of Profit/(Loss) from Associates
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-1.30
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-2.69
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-52
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-3.09
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1.57
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PL
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Minority
Interest (MI)
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0.02
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-0.10
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PL
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-2.97
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-0.58
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415
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Net
profit
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31.44
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-32.60
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LP
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-45.59
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131.28
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PL
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EPS
(Rs)*
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#
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#
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-31.0
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89.2
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* EPS
is on current equity of Rs 14.711 crore, Face value of Rs 10
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# EPS
is not annualised due to seasonality of business
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Figures
in Rs crore
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Source:
Capitaline Corporate Database
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Previous News |
Power Mech Projects
(
Analyst Meet / AGM
-
Conference Call
09-Feb-23
08:36
)
|
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|
Power Mech Projects
(
Analyst Meet / AGM
-
Conference Call
25-Aug-22
18:42
)
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Power Mech Projects announces board meeting date
(
Corporate News
-
11-May-22
10:30
)
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Power Mech Projects
(
Results
-
Analysis
14-Feb-19
12:04
)
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Power Mech Projects wins order worth Rs 355 cr
(
Corporate News
-
31-Oct-23
20:01
)
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Power Mech Projects wins orders of Rs 232 cr
(
Corporate News
-
18-Apr-24
14:38
)
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Power Mech gains on bagging multiple orders worth Rs 625 cr
(
Hot Pursuit
-
07-Sep-23
16:11
)
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Power Mech Projects bags orders worth Rs 625 cr
(
Corporate News
-
07-Sep-23
15:13
)
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Power Mech Projects consolidated net profit rises 86.77% in the December 2018 quarter
(
Results
-
Announcements
11-Feb-19
14:48
)
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Power Mech Projects
(
Analyst Meet / AGM
-
Conference Call
14-Feb-19
14:18
)
|
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Power Mech Projects
(
Results
-
Analysis
04-Jul-20
12:12
)
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