This Multibagger infrastructure and engineering company is in focus after it received an Order worth Rs. 971.98 Crores from Telangana Power Generation Corporation Limited (TGGENCO), the Stock reacted with a near 4 percent Jump.
With a market capitalization of Rs. 8,766 Crore, the stock of Power Mech Projects opened at Rs. 2,720, around the same level as yesterday’s close, and after opening, it made a high of Rs. 2,829.60, up 3.78 percent. Additionally, the Yearly return for the stock is 16 percent, and the past 5-year return is an impressive 1,552 percent.
Order Update
The Company has received an Order from Telangana Power Generation Corporation Limited (TGGENCO) for the Design and Construction of an Integrated Township with infrastructure works. The Project consists of independent quarters (A & B Type), Multistoried residential quarters of ( D, E & F Type), and its associated works at Yadadri Thermal Power Station, Veerlapalem, Dameracherla, Nalgonda District.
Total Worth of the Order is Rs. 971.98 Crore, which excludes the GST, and the time period for which the order has to be executed is 30 months from the date of taking over of the site.
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About the Company
Founded in 1999 and established in Hyderabad, Power Mech Projects is an infrastructure and engineering company primarily engaged in providing comprehensive services in the power and infrastructure sectors.
The company has executed projects for leading public and private sector clients, both in India and internationally. Known for its large workforce and technical capability, Power Mech continues to expand into newer segments like urban infrastructure and manufacturing. The company has executed over 208+ projects, has 80+ clients, and has 40,000+ manpower.
The company reported a 20.75 percent YoY increase in revenue from Rs. 1,108 Crore in Q3FY24 to Rs. 1,338 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 29.27 percent in revenue from Rs. 1,035 Crore in the previous quarter.
Their Net profit saw an increase of 40.32 percent YoY from Rs. 62 Crore to Rs. 87 Crore for the same period. On a QoQ basis, the company reported an increase of 14.28 percent in Net profit from Rs. 70 Crore in the previous quarter.
Written By Abhishek Das
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