BAJAJ BROKING

Notification
No new Notification messages
Vishal Mega Mart IPO is Open!
Apply for the Vishal Mega Mart IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

Power Mech Projects Wins ₹209.50 Crore Order from Hindustan Zinc

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

Power Mech Projects wins a ₹209.50 crore order from Hindustan Zinc for Captive Power Plant maintenance. The company reported a rise in Q4 net profit by 13.1% to ₹84.4 crore, revenue growth of 10.9% to ₹1,301.5 crore, and EBITDA margin growth at 11.5%.

Power Mech Projects News Today

Power Mech Projects Ltd. announced on Thursday, July 18, that it has been awarded a significant order from Hindustan Zinc, marking a substantial addition to Power Mech's portfolio of high-value projects. As a result, Power Mech Projects share price will remain in focus today.

Project Details

The contract from Hindustan Zinc entails the operation and maintenance of its 3X91.5 MW CPP. The project is worth ₹209.50 crore and is expected to be completed within 48 months.

Power Mech Projects Q4 Results

Power Mech Projects also reported robust financial results for the March quarter. The company’s net profit surged by 13.1% to ₹84.4 crore, up from ₹74.6 crore in the corresponding quarter of the previous year. This increase in profit highlights the company’s effective cost management and operational efficiency.

Explore: Power Mech Projects Ltd. Share Price

Revenue and EBITDA Growth

The company’s revenue from operations rose by 10.9%, reaching ₹1,301.5 crore compared to ₹1,174.1 crore in the same period last fiscal year. At the operating level, Power Mech’s EBITDA increased by 14.4% to ₹149.6 crore in Q4 FY24 from ₹130.8 crore in Q4 FY23. The EBITDA margin improved to 11.5% in the reporting quarter, compared to 11.1% in the corresponding period of the previous fiscal year. This margin improvement indicates better profitability and cost control.

Stock Performance

Power Mech Projects share price showed a positive trend, closing 1.37% higher at ₹6,025 per share on the NSE. The stock has appreciated by 35% year-to-date, reflecting investor confidence and the company's solid performance.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

8 Lacs+ Users

icon-with-text

4.4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4700+ Cr MTF Book

icon-with-text