Hot Pursuit     12-Nov-23
Power Mech Projects rises after Q2 PAT jumps 17% YoY to Rs 51 cr
Power Mech Projects added 2.43% to Rs 3,925.30 after the company reported 17.05% jump in consolidated net profit to Rs 51.27 crore in Q2 FY24 as compared with Rs 43.80 crore recorded in corresponding quarter last year.
Revenue from operations increased 20.89% to Rs 932.49 crore during the quarter as compared with Rs 771.36 crore posted in same period last year.

Profit before tax rose 39.05% YoY to Rs 80.26 crore in Q2 FY24 over Q2 FY23.

Total expenses stood at Rs 854.21 crore in Q2 FY24, up 19.26% to Rs 716.27 crore in Q2 FY23. Cost of material consumed was Rs 131.21 crore (up 36.34% YoY), contract execution expenses stood at Rs 536.12 crore (up 18.66%YoY), employee benefit expenses was at Rs 140.08 crore (up 5.16% YoY) during the period under review.

Hyderabad-based Power Mech Projects is one of the leading infrastructure-construction companies.

Previous News
  Power Mech Projects to convene board meeting
 ( Corporate News - 18-May-23   16:55 )
  Power Mech Projects consolidated net profit rises 7.47% in the December 2019 quarter
 ( Results - Announcements 11-Feb-20   16:17 )
  Power Mech Projects
 ( Analyst Meet / AGM - Conference Call 17-Nov-22   14:34 )
  Power Mech Projects
 ( Analyst Meet / AGM - Conference Call 24-May-22   08:55 )
  Power Mech Projects
 ( Results - Analysis 23-May-22   08:38 )
  Power Mech Projects standalone net profit rises 11.20% in the December 2019 quarter
 ( Results - Announcements 11-Feb-20   15:39 )
  Power Mech Projects consolidated net profit rises 23.55% in the September 2019 quarter
 ( Results - Announcements 19-Nov-19   11:46 )
  Power Mech Projects
 ( Results - Analysis 19-Nov-19   11:40 )
  Power Mech Projects wins orders worth Rs 723.9 cr
 ( Corporate News - 25-Aug-23   09:27 )
  Power Mech Projects standalone net profit rises 4.72% in the June 2016 quarter
 ( Results - Announcements 31-Aug-16   20:38 )
  Power Mech Projects schedules board meeting
 ( Corporate News - 11-May-24   11:42 )
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