Nine month performance

Net sales (including other operating income) of Power Mech Projects has increased 34.23% to Rs 2427.08 crore.  Operating profit margin has jumped from 10.59% to 11.24%, leading to 42.42% rise in operating profit to Rs 272.78 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 12.47% to 13.25%.   Employee cost increased from 16.35% to 16.80%.   Other expenses fell from 60.60% to 58.76%.   Selling and administration expenses fell from 59.60% to 57.50%.   Construction development cost fell from 59.60% to 57.50%.   Other income fell 44.52% to Rs 7.9 crore.  PBIDT rose 36.40% to Rs 280.68 crore.  Provision for interest rose 18.23% to Rs 66.02 crore.  PBDT rose 43.17% to Rs 214.66 crore.  Provision for depreciation rose 10.40% to Rs 30.25 crore.  Profit before tax grew 50.50% to Rs 184.41 crore.  Share of profit/loss was 52.55% lower at Rs -4.18 crore.  Provision for tax was expense of Rs 47.48 crore, compared to Rs 28.53 crore.  Effective tax rate was 26.34% compared to 23.82%. Minority interest decreased 735.71% to Rs -1.17 crore.  Net profit attributable to owners of the company increased 46.52% to Rs 133.92 crore.  

Promoters’ stake was 64.17% as of 31 December 2022 ,compared to 63.69% as of 31 December 2021 .