Power Mech Projects Limited – Investor Presentation Summary

Key Operational Highlights

  • Execution was strong across key business verticals: Infrastructure Construction, Industrial Construction (EPC of BOP systems and Erection, Testing and Commissioning of BTG/BOP systems), Industrial Services (Operations and Maintenance), and International projects.
  • Order book expanded across Industrial Services segment during the quarter.

Key drivers of operational performance: Accelerated strategic growth initiatives and strengthened market leadership through higher execution.

Financial Highlights

Revenue: Rs. 1,609.34 crore (Q2 FY27)

EBITDA: Rs. 186.85 crore

PAT: Rs. 87.75 crore (PAT after Non-Controlling Interest: Rs. 83.84 crore)

EPS: Rs. 26.52

Margins: EBITDA Margin of 11.55%, PAT Margin of 5.45% (5.21% after Non-Controlling Interest)

YoY/QoQ comparison: Revenue increased 30% YoY from Rs. 1,237.87 crore in Q2 FY26. PAT increased 12% YoY from Rs. 78.11 crore. EBITDA margin decreased 110 bps YoY from 12.65% but increased from 10.78% in Q1 FY27.

Drivers of financial performance: Higher revenue growth driven by sustained execution across core segments and the ramp up of operations on newly secured orders.

Order Inflow & Position

  • Order inflows of INR 1,890 crore were secured during Q2 FY27.
  • An additional inflow of INR 1,046 crore was secured in Q3 FY27 till the date of the presentation.
  • Key awards included: 5-year Comprehensive O&M of 2 x 600 MW Athena plant by Vedanta; 5-year Comprehensive O&M of 2 x 600 MW Moxie Power Thermal Plant at Adani's Tuticorin plant; 3-year Operation & Maintenance of AHP and CHP at Yadadri Thermal Power Station by TGGENCO.
  • Order backlog stands at INR 56,729 crore, including MDO (Mine Development and Operator), providing strong revenue visibility.

Balance Sheet Snapshot

  • Total Assets: Rs. 6,242.72 crore (Sep-26) vs Rs. 5,589.36 crore (Mar-26)
  • Total Equity: Rs. 2,589.05 crore (Sep-26) vs Rs. 2,182.63 crore (Mar-26)
  • Reserves & Surplus: Rs. 2,486.77 crore (Sep-26) vs Rs. 2,128.30 crore (Mar-26)
  • Non-Current Liabilities: Rs. 601.43 crore (Sep-26) vs Rs. 365.83 crore (Mar-26)
  • Current Liabilities: Rs. 2,398.88 crore (Sep-26) vs Rs. 2,065.95 crore (Mar-26)
  • Borrowings (Non-Current + Current): Rs. 651.30 crore (Sep-26)
  • Trade Receivables: Rs. 1,383.11 crore (Sep-26)
  • Cash and cash equivalents: Rs. 101.40 crore (Sep-26)

Capex & Cash Flow Health

  • Capital Expenditure: CWIP (Capital Work in Progress) stood at Rs. 575.98 crore (Sep-26), a significant increase from Rs. 181.66 crore (Mar-26).
  • Operating Cash Flow: Net Cash from Operating Activities was negative Rs. 2.85 crore for H1 FY27.
  • Free Cash Flow: Not explicitly specified.
  • Net Cash from Investing Activities was negative Rs. 422.13 crore for H1 FY27, primarily due to increased CWIP.
  • Net Cash from Financing Activities was positive Rs. 419.67 crore for H1 FY27.

Strategic & R&D Initiatives

  • The company is focused on strengthening its presence in BOP EPC packages, Power O&M contracts (domestic and international), Civil Infra and Urban Mobility.
  • Management is leveraging execution capabilities to drive sustainable growth and expand into adjacent opportunities to complement the existing business model and enhance overall margin performance.

Management Commentary & Growth Outlook

Strategic Outlook: "Management remains focused on operational excellence, improving profitability and executing the order pipeline across core and emerging businesses."

FY Guidance: Not explicitly quantified. The outlook is positive, with the strategic approach expected to support long-term value creation while maintaining growth momentum.

Risks and Opportunities: Not explicitly detailed beyond the general disclaimer about forward-looking statements involving risks and uncertainties.