Q3 2025 Power Mech Projects Ltd Earnings Call Transcript
Key Points
- Power Mech Projects Ltd (BOM:539302) reported a 21% year-on-year increase in total income for Q3 FY25, reaching INR1,347 crores.
- The company's PAT grew by 39% year-on-year, reaching INR87 crores in Q3 FY25.
- The order backlog as of December 31, 2024, stands at INR57,915 crores, indicating a strong pipeline of future projects.
- The company has been declared as the L1 bidder for a significant project in Jharkhand valued at INR973 crores.
- Power Mech Projects Ltd (BOM:539302) is targeting INR3,000 crores in new orders by March 2025, showcasing proactive business development efforts.
- EBITDA margin decreased from 12.66% in Q3 FY24 to 11.87% in Q3 FY25 due to increased overhead costs.
- The civil business, including railways and water distribution, saw a 12% decrease in revenue year-on-year.
- Net current days excluding cash increased from 147 days in Q2 to 155 days in Q3 due to delays in certification and realization of receivables.
- The electrical business experienced a 10% year-on-year decrease in revenue.
- There are delays in the execution of certain projects, particularly in the MDO segment, affecting revenue realization.
Ladies and gentlemen, good day and welcome to the Power Mech Projects Limited Q3 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. [Sriya] from Nirmal Bang Institutional Equities. Thank you and over to you, ma'am.
On behalf of Nirmal Bang Institutional Equities, I would like to welcome you all to the 3Q FY25 earnings call at Power Mech Projects Limited. The management today is represented by Mr. Nani Aravind, CFO of the company; and Mr. S.K. Ramaiah, Director of Business Development.
I will now hand over to the management for their opening remarks, after which we will open up the floor for Q&A. Thank you and over to you, sir.
Thank you. Good afternoon, everyone. I'm Nani Aravind, CFO of the company. I have with me Mr. S.K. Ramaiah, Director of Business Development.
I welcome you all to our quarter three FY25
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