Power Mech Projects reported 35.60% jump in consolidated net profit to Rs 69.51 crore in Q2 FY25 as compared with Rs 51.26 crore recorded in corresponding quarter last year.
Revenue from operations increased 11.04% to Rs 1,035.49 crore during the quarter as compared with Rs 932.49 crore posted in same period last year.Profit before tax rose 25.71% YoY to Rs 100.90 crore in Q2 FY25 over Q2 FY24.
Total expenses stood at Rs 944.05 crore in Q2 FY25, up 10.51% to Rs 854.22 crore in Q2 FY24. Cost of material consumed was Rs 170.78 crore (up 30.14% YoY), contract execution expenses stood at Rs 568.49 crore (up 6.03%YoY), employee benefit expenses was at Rs 154.41 crore (up 10.22% YoY) during the period under review.
On half year basis, the companys consolidated net profit rallied 28.35% to Rs 131.24 crore on 13.64% increase in revenue from operations to Rs 2,042.89 crore in H1 FY25 over H1 FY24.
Hyderabad-based Power Mech Projects is one of the leading infrastructure-construction companies.
Shares of Power Mech Projects declined 2.17% to close at Rs 2,676.65 on Tuesday, 12 November.
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