Power Mech Projects Limited has informed the Exchange about Transcript
POWERMECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Power Mech Projects reported strong Q1 FY26 results with total income up 28% YoY at INR 1,304 crore, driven by broad-based growth across mechanical (+117%), electrical (+737%), O&M (+17%) and civil (+7%) segments. EBITDA grew 48% to INR 182 crore (margin expanded to 13.95% from 12.1%) and PAT rose 31% to INR 81 crore, though about INR 55 crore of PAT came from a one-time exceptional revenue of INR 289 crore in the Uttarakhand Riverbed Mineral LLP business. Management retained its FY26 revenue target of INR 6,500 crore (25% YoY growth) with stable EBITDA margins, and reiterated an order inflow target of INR 10,000 crore for FY26 against an executable order book of INR 14,391 crore. The MDO mining business is ramping up at the Kotre Basantpur and Kalyaneswari Tasra projects, with peak-rated margins of around 22% expected by FY28. On the downside, INR 4,264 crore of FGD orders were reclassified as non-moving, water division receivables of around INR 330 crore remain stuck due to Jal Jeevan Mission fund delays, and ROE dipped to 2.41%.
Positive: strong order pipeline visibility (INR 30,000-35,000 crore being tracked), 25% revenue growth guidance, and emerging mining/O&M as future growth drivers support the stock. Watch-outs: heavy dependence on timely government receivables in water and FGD, one-off nature of Q1 margin boost, and stretched working capital from delayed certifications could weigh on near-term sentiment.