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.