Power Mech Projects Limited announced its financial results for the third quarter ended December 31, 2024, showcasing a strong revenue performance but moderated EBITDA margins due to cost pressures.
Key Financial Highlights (Q3 FY25):
- Revenue from Operations: ₹1,337.97 crore, up 20.8% compared to ₹1,107.5 crore in Q3 FY24. The increase was driven by improved execution across infrastructure, power, and construction segments.
- EBITDA: ₹151 crore, registering a 12.7% growth compared to ₹134 crore in the year-ago quarter.
- EBITDA Margin: 11.29%, lower than 12.09% in Q3 FY24, reflecting a rise in execution-related costs.
- Net Profit: ₹86.55 crore, a growth of 39.5% compared to ₹62.04 crore YoY.
Detailed Expense and Cost Breakdown:
- Total Expenses: ₹1,225.98 crore, compared to ₹1,008.26 crore in Q3 FY24, largely on account of higher contract execution costs.
- Contract Execution Expense: ₹783.25 crore, up from ₹697.38 crore YoY.
- Employee Benefits: ₹171.53 crore, rising from ₹146.13 crore in the corresponding period.
- Tax Expense: ₹34.77 crore, compared to ₹31.39 crore in Q3 FY24, impacting bottom-line growth.
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