BAJAJ BROKING
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 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.
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 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
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.
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:
Gold Price in India | Gold Rises 1% to $2,719 Ahead of U.S. PPI Data
12 Dec, 2024 | 39 Min. read
Coca-Cola Sells 40% Stake in Bottling Arm to Jubilant Bhartia Group
12 Dec, 2024 | 2 Min. read
Indian Overseas Bank Receives ₹808.3 Crore Income Tax Refund
12 Dec, 2024 | 2 Min. read
Shakti Pumps Secures ₹754.3 Crore Solar Water Pump Order in Maharashtra
12 Dec, 2024 | 2 Min. read
Vedanta to Consider Fourth Interim Dividend on December 16
12 Dec, 2024 | 2 Min. read
Share Market Today | Flat to Positive Start Expected for Indian Markets Amid Global Cues
12 Dec, 2024 | 4 Min. read
International Gemological Institute India IPO Issue Date & Pricing
12 Dec, 2024 | 4 Min. read
7th Pay Commission Leave Rules & Holidays in India
11 Dec, 2024 | 5 Min. read
Wipro Ltd
11 Dec, 2024 | 7 Min. read
Aditya Birla Group
11 Dec, 2024 | 10 Min. read
What is the Lock-in Period in IPO
11 Dec, 2024 | 6 Min. read
Textile Sector in India
11 Dec, 2024 | 11 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading