According to the latest financial results reported by CNBC TV18, Power Mech Projects Ltd. delivered robust financial performance in the second quarter of fiscal year 2027. Revenue from operations jumped 30% to ₹1,609.3 crore compared to ₹1,237.9 crore in the corresponding quarter of the previous fiscal year. This significant revenue expansion demonstrates the company's strong operational momentum and market positioning during the quarter, with the company reporting consolidated revenue of ₹3,233 crore for the six months ended September 2026, representing a 27.7% year-on-year increase from ₹2,531.3 crore in the corresponding period last year.
The company's net profit for Q2 FY27 rose 12% year-on-year to ₹83.8 crore, compared to ₹74.9 crore in the same quarter of the last fiscal. For the six months ended September 2026, net profit attributable to equity shareholders increased to ₹163.6 crore from ₹127.4 crore in the first half of FY26. This profit growth, while more modest than the revenue expansion, indicates the company's ability to convert increased business volumes into higher bottom-line results. The consolidated bottom-line performance reflects the company's overall financial health and operational efficiency during the quarter.
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 21.8% to ₹179 crore, compared with ₹147 crore in the year-ago quarter, as reported by CNBC TV18. However, EBITDA margin contracted to 11.1% from 11.9% in Q2FY26, indicating the company faced cost pressures or competitive pricing dynamics during the quarter. This margin compression despite strong absolute EBITDA growth suggests the company's operational efficiency was impacted by market conditions.
According to the company's latest disclosures, Power Mech had an order book of ₹16,229 crore at the end of the June quarter, excluding its mine development and operations (MDO) business. The order book provides revenue visibility of more than two years, providing strong future revenue visibility for the company. The company's consolidated net cash used in operating activities narrowed to ₹2.85 crore in the first half of FY27 from ₹62.6 crore in the corresponding period last year, indicating improved cash management. Capital expenditure stood at ₹496.5 crore during the first half, compared with ₹96.2 crore a year earlier, reflecting the company's expansion plans.
Shares of Power Mech Projects are fluctuating between gains and losses, currently trading 0.25% lower after the results announcement at ₹2,400.6. The stock is up only 5.5% so far this year, reflecting mixed investor sentiment despite the strong quarterly performance. The market reaction suggests investors are weighing the company's robust revenue growth against margin pressures and competitive dynamics in the construction and maintenance sector.
