Power Mech Projects Q1 Profit Up 21% to Rs 62 cr

Aug 12, 2024 19:28

Power Mech Projects reported a 21% rise in net profit to Rs 61.72 crore in Q1 FY25, driven by higher revenues. The company's revenue surged to Rs 1,007.39 crore.

New Delhi, Aug 12 (PTI) Power Mech Projects Limited on Monday posted a 21 per cent rise in consolidated net profit to Rs 61.72 core for the June 2024 quarter on higher revenues.

It had reported a net profit of Rs 50.96 crore in the April-June period of the preceding 2023-24 financial year, the company said in an exchange filing.

The company's revenues surged to Rs 1,007.39 crore from Rs 865.13 crore in the year-ago quarter.

Hyderabad-based Power Mech Projects Ltd is in the power and infrastructure sectors.

Source: PTI

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Power Mech Projects Q1 Profit Up 21% to Rs 62 cr

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