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POWERMECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Power Mech Projects submitted corrected consolidated financial statements on May 21, 2026, fixing typographical errors from the prior day's filing. The error involved swapping values between 'Current Tax Asset (net)' and 'Other Current Assets' columns (₹629.35 crore and ₹13.41 crore). The company confirms these corrections do not impact final balance sheet figures or affect stakeholders. Auditors Brahmayya & Co issued unmodified opinions on both standalone and consolidated financials for FY2026. Standalone PAT was ₹298.37 crore (slight decline from ₹300.55 crore), while consolidated PAT grew 18.5% to ₹411.68 crore on consolidated revenue of ₹6,107.25 crore (up 15.7% from ₹5,279.32 crore).
No material impact expected on the stock as the corrections were purely typographical within assets, with the company and auditors confirming no effect on final figures or stakeholders.