Power Mech Projects (POWERMECH) Q3 24/25 earnings summary

Executive summary

• Q3 FY25 total income rose 21% year-on-year to INR 1,347 crore, with EBITDA up 13% and PAT up 39%.

• Leading industrial services and construction provider with a diversified presence in power, infrastructure, mining, railways, roads, water, and industrial plants.

• Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024.

• Expanded global footprint with ongoing and completed projects in Africa, the Middle East, and Asia, supporting revenue visibility and risk diversification.

• Strategic focus on backward and forward integration, especially in O&M and mining (MDO), to drive sustainable, higher-margin growth.

Financial highlights

• Q3 FY25 revenue from operations rose 21% year-over-year to ₹1,338 crore; nine-month revenue reached ₹3,409 crore, up 17% year-on-year.

• Q3 FY25 EBITDA margin declined to 11.87% from 12.66% due to higher overheads; PAT margin improved to 6.5%.

• Q3 FY25 PAT after minority interest grew 34% year-over-year to ₹82 crore; nine-month PAT after minority interest up 28% to ₹209 crore.

• O&M revenue grew 85% year-on-year in Q3 and 61% for nine months; civil business declined 12% in Q3 and 8% for nine months.

• Consolidated net profit for Q3 FY25 was ₹86.55 crore, compared to ₹62.04 crore in Q3 FY24; nine-month net profit was ₹217.76 crore, up from ₹164.28 crore year-over-year.

Outlook and guidance

• Order book as of December 31, 2024, stands at INR 57,915 crore, with INR 4,242 crore new orders secured in FY25.

• FY25 revenue target revised to INR 5,000–5,200 crore, with Q4 expected to see strong execution.

• FY26 revenue guidance is INR 7,000–7,500 crore, with potential to reach INR 9,000 crore in FY27.

• Focus on expanding O&M, mining, and international operations to sustain growth and margins.

• Leveraging government infrastructure investments (NIP) to drive growth across sectors.