Company Overview
Power Mech Projects Limited filed its Annual Report for FY 2025-26, reporting strong financial performance and operational milestones. The company submitted a revised Annual Report with editorial enhancements to the business description section while confirming no alterations to financial statements or statutory disclosures.
Financial Performance Highlights
Consolidated Results:
- Revenue from Operations: ₹6,062 crore (16% growth YoY)
- EBITDA: ₹750 crore (15.58% growth YoY)
- EBITDA Margin: 12.29% (vs 12.30% previous year)
- Profit After Tax: ₹412 crore (18.45% growth YoY)
- Earnings Per Share: ₹115.12 (vs ₹103.26 previous year)
- Return on Equity: 15.49% (vs 16.26% previous year)
Standalone Results:
- Revenue from Operations: ₹4,727.65 crore
- Profit After Tax: ₹298.37 crore
- Total Assets: ₹5,077.08 crore
- Total Equity: ₹2,394.97 crore
Operational Excellence
Order Backlog & Business Segments:
The company maintained a robust order backlog of ₹55,151 crore providing multi-year visibility. Key achievements include:
- Secured landmark ₹2,550 crore Balance of Plant package for 1×800 MW Singareni Super Thermal Power Project from BHEL
- Mining operations commenced at Kotre Basantpur Pachmo from November 2025
- O&M business maintained leadership with 36.25 GW under contract across 26 plants
- International revenue grew to ₹318 crore from ₹235 crore previous year
Capital Expenditure:
Significant capital work-in-progress increased to ₹181.66 crore from ₹27.91 crore, indicating ongoing expansion projects across business segments.
Corporate Actions & Governance
Dividend & Shareholder Returns:
The Board recommended a final dividend of ₹1.50 per share (face value ₹10 each) for FY 2025-26, subject to approval at the Annual General Meeting.
Board Composition:
Key changes included appointments of new independent directors and reappointment of key management personnel. The 27th Annual General Meeting was scheduled for September 17, 2026.
Corporate Guarantees & Investments:
The company provided corporate guarantees totaling ₹455 crore to subsidiaries and made investments of ₹14.87 crore in various group entities, supporting subsidiary operations and project execution.
Subsidiaries & Group Structure
Power Mech has 23 subsidiaries, 2 associate companies, and 2 joint ventures including Power Mech Industri Private Limited, KBP Mining Private Limited, Kalyaneswari Tasra Mining Private Limited, and GTA Power Mech Nigeria Limited. Significant loans were provided to subsidiaries totaling approximately ₹353 crore outstanding during the year.
Corporate Social Responsibility
The company exceeded its CSR obligation, spending ₹6.85 crore against the mandated ₹6.76 crore. Focus areas included education (41.8%), skill development & livelihoods (22.5%), rural transformation (18.0%), women empowerment (11.0%), and healthcare support (6.7%).
Regulatory Compliance & Financial Reporting
The consolidated financial statements were prepared in accordance with Indian Accounting Standards (Ind AS) and Companies Act 2013. Secretarial Audit confirmed compliance with all applicable regulations including Companies Act, SEBI Listing Regulations, and other statutory requirements. No material penalties or strictures were imposed by regulatory authorities during the financial year.
Credit ratings were reaffirmed by CARE with Long Term Bank Facilities rated CARE A+ (Stable) and Short Term Bank Facilities rated CARE A1.
Forward Outlook
The company's strong order backlog, diversified business segments, and expansion into new areas like integrated Balance of Plant EPC position it well for continued growth, though it remains subject to economic conditions, competitive pressures, and regulatory changes.