This Infra & Construction stock is in focus after it reported receiving two different orders worth Rs. 425 Crore and Rs. 972 Crore, totaling Rs. 1397 Crores. Orders received were from Adani Power Subsidiary and NHAI.
Share Price Movement
With a market capitalization of Rs. 8,578 Crore, the stock of Power Mech Projects Limited opened at Rs. 2,722.75, roughly the same level as yesterday’s close, but after opening, it made a high of Rs. 2,768, up 1.85 percent. Additionally, the Yearly return for the stock is 3 percent, and the past 5-year return is an impressive 1,537 percent.
Order Update
The company has two different orders worth Rs. 425 Crore from Mirzapur Thermal Energy ( a wholly owned subsidiary of Adani Power) and Rs. 972.13 Crore from National Highways Authority of India (NHAI), totalling Rs. 1397.13 Crore.
Mirzapur Thermal Energy Private Limited (a wholly owned subsidiary of Adani Power Limited), Mirzapur, Uttar Pradesh gave order worth Rs. 425 Crore for the execution of Civil Works and Erection of Prefabricated Structural Steel for BTG unit 18-2, Main powerhouse, Central control building, ESP, FGD and limestone handling system, Switch yard etc. The time period in which the order has to be executed is 30 months.
The National Highways Authority of India (NHAI) gave an order worth Rs. 972.13 Crore for the construction of a 4-lane Bypass to NH-114A that will connect NH-333 and NH-133, with a total length of 49 KM in the state of Jharkhand. The time period in which the order has to be executed is 24 months.
Also read: Navratna railway stock jumps after receiving ₹163 Cr order from Ircon International
Financial Highlights
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 24.28 percent in Net profit from Rs. 70 Crore in the previous quarter.
About the Company
Power Mech Projects Limited is a leading Indian infrastructure and construction company established in 1999 and headquartered in Hyderabad, Telangana. The company specializes in providing comprehensive services across the power and infrastructure sectors, including erection, testing, and commissioning (ETC) of boilers, turbines, and generators (BTG), balance of plant (BOP) works, civil engineering, operation and maintenance (O&M) services, and electrical projects.
Written By Abhishek Das
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