Power Mech Projects (POWERMECH) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 consolidated revenue reached ₹1,304 crore, up 28% year-over-year, with EBITDA at ₹182 crore (+48%) and PAT at ₹81 crore (+31%).

• FY25 total revenue was ₹5,279 crore, a 25% increase year-over-year, with stable EBITDA and PAT margins above 12% and 6%.

• Order book surged to ₹53,972 crore as of June 30, 2025, reflecting robust growth and diversification across sectors and geographies.

• Exceptional revenue from Uttarakhand riverbed mineral projects contributed to higher margins, with a one-off PAT impact of ₹55 crore from a seized quantity penalty.

• Board approved new leadership appointments, including Mr. Bontha Prasada Rao as Additional Independent Director.

Financial highlights

• FY25 revenue from operations reached ₹5,234 crore, up from ₹4,206 crore in FY24 (25% YoY growth).

• Q1 FY26 consolidated EBITDA was ₹136.51 crore, up from ₹88.75 crore year-over-year; PAT margin for Q1 FY26 was 6.2%.

• FY25 EBITDA margin: 12.3%; PAT margin: 6.2%.

• EPS for FY25 was ₹103.26, up from ₹81.07 in FY24.

• Gross debt as of June 30, 2025, is ₹753 crore; net debt is ₹239 crore; debt-equity ratio at 0.34x.

Outlook and guidance

• FY26 revenue target set at ₹6,500 crore, with 25% year-on-year growth and stable EBITDA margins.

• Sustained revenue visibility supported by a record order backlog and long-term MDO contracts.

• Focus on expanding O&M, mining, and international operations to drive future growth.

• Strategic investments in digital initiatives and HR to enhance execution and productivity.

• Mining segment expected to reach ₹300-350 crore revenue in FY27, with margins improving to 22% at peak capacity by 2028.