Power Mech Projects Ltd
NSE:POWERMECH
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Power Mech Projects Ltd
NSE:POWERMECH
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Banco Santander Brasil SA
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Power Mech Projects Ltd
Power Mech Projects Ltd is an engineering and construction company, which engages in the provision of service in erection, testing, and commissioning of boilers, turbines and generators and balance of plant, civil works, and operation and maintenance. The company is headquartered in Hyderabad, Telangana. The company went IPO on 2015-08-26. The firm operates as an engineering and construction company, which provides erection, testing and commissioning (ETC), civil and operation and maintenance services for power projects. The firm operates through construction and maintenance activities segment. Its business includes industrial construction, infrastructure construction, overseas business, electrical, engineering procurement construction (EPC) in material handling, manufacturing and heavy fabrication, and mine development and operation. Its industrial construction business unit covers erection, testing and commissioning (ETC) of projects in power, oil and gas, and other industrial and non-power sectors. The company provides services for ETC of oil-fired boiler, heat recovery steam generator (HRSG), reserve/auxiliary boiler and cooling water system. The firm is engaged in undertaking several power projects ranging from 135 megawatt (MW) to 800 MW.
Power Mech Projects Ltd is an engineering and construction company, which engages in the provision of service in erection, testing, and commissioning of boilers, turbines and generators and balance of plant, civil works, and operation and maintenance. The company is headquartered in Hyderabad, Telangana. The company went IPO on 2015-08-26. The firm operates as an engineering and construction company, which provides erection, testing and commissioning (ETC), civil and operation and maintenance services for power projects. The firm operates through construction and maintenance activities segment. Its business includes industrial construction, infrastructure construction, overseas business, electrical, engineering procurement construction (EPC) in material handling, manufacturing and heavy fabrication, and mine development and operation. Its industrial construction business unit covers erection, testing and commissioning (ETC) of projects in power, oil and gas, and other industrial and non-power sectors. The company provides services for ETC of oil-fired boiler, heat recovery steam generator (HRSG), reserve/auxiliary boiler and cooling water system. The firm is engaged in undertaking several power projects ranging from 135 megawatt (MW) to 800 MW.
Revenue Growth: Power Mech reported Q3 FY26 revenue of INR 1,433 crores, up 6% YoY, and 9M revenue of INR 3,987 crores, up 17% YoY.
Profitability: Q3 PAT rose 15% YoY to INR 100 crores, with PAT margin improving to 7.02%. EBITDA for Q3 stood at INR 173 crores, up 8% YoY.
Order Inflow & Backlog: Year-to-date order inflow reached INR 6,761 crores with a total order backlog of INR 17,300 crores (excluding MDO), providing multi-year revenue visibility.
FY26 Guidance Revision: Revenue guidance for FY26 was lowered from INR 6,500 crores to around INR 6,000 crores due to a shortfall in the UP water division, partially offset by new orders.
FY27 Outlook: Management expects 20–25% revenue growth in FY27 and an increase in EBITDA margins as the business mix shifts towards higher-margin segments.
Segment Momentum: Strong outlook for power sector, O&M, and new segments like mining and battery energy storage systems (BESS), with notable wins in these areas.
Labor Law Impact: New labor codes resulted in one-time provisions, but management does not expect a material impact on margins due to contract clauses covering cost escalation.
