Out Come of the Board meeting (UFR & Change in Management)
POWERMECH · price
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Power Mech Projects announced its unaudited Q1 FY26 results alongside three key board-level changes. Standalone revenue from operations rose modestly to Rs. 905.27 crore (vs Rs. 857.08 crore in Q1 FY25), but standalone profit after tax dipped to Rs. 49.79 crore from Rs. 57.59 crore, with EPS at Rs. 15.75. On a consolidated basis, revenue jumped about 28% to Rs. 1,293.41 crore and PAT rose around 30% to Rs. 80.55 crore. The Board appointed Mr. Bontha Prasada Rao (former BHEL CMD) as an Independent Director for 3 years. Mr. Rohit Sajja, currently President of the company, was appointed as Whole-time Director for 5 years. Mr. Kishore Babu Sajja (Rohit's father and current MD) was re-appointed as Managing Director for another 5 years from April 1, 2026.
The promoter family is consolidating control at the board level with the MD's re-appointment and his son's elevation to the board, which may draw governance attention. Q1 consolidated performance was strong with healthy revenue and profit growth, but weaker standalone margins and a dip in standalone PAT could be a watch point for investors.