Small Cap Infra-Construction Co Bags Rs 658.57 Cr Order, Shares Rise 489% In 2-Yrs

Small cap infrastructure-construction company Power Mech Projects Ltd today informed via regulatory filing about receiving orders worth Rs 658.57 crore. However, the news was not enough to drive the stock up as shares of Power Mech Projects settled 0.69% lower to 5124.90 apiece. Power Mech Projects shares witnessed stunning rally in last 3-years as it offered return of 858% to investors. Check details below:

Power Mech Projects Bags Orders: As per the regulatory filing of the company, "We are pleased to inform that the Company has received orders worth Rs. 658.57 Crores as detailed below:

A) Construction of Upper Burhner Project Dam and Pressurised pipe irrigation network from Madhya Pradesh Water resources department, Govt. of Madhya Pradesh for Rs. 541.62 Crores

B) Boiler and ESP Package for Overhaul including spares of 2x125 MW Akrimota Thermal Power Station of Gujarat Mineral Development Corporation for Rs. 116.95 Crores."

Power Mech Projects Shares Performance & Return: The 52-week high price of Power Mech Projects on BSE is Rs 5544.00 apiece and 52-week low price is Rs 2118.10 apiece, respectively. Power Mech Projects has a market capitalisation of Rs 8193.44 crore. Power Mech Projects shares declined over 1% in last 1-week, gained 25% in last 6-months, soared 134% in last 1-year, and surged 489% in last 2-years.

Power Mech Projects Financials: The company on February 13, 2024 declared a surge of 22.5% in its consolidated net profit to Rs 62 crore for the quarter ended December 31, 2023 amid higher income. The company declared its net profit at Rs 50.06 crore in the corresponding quarter of last fiscal, as per the BSE filing. The total income of the company surged to Rs 1114.9 crore as against Rs 912 crore an year ago. The company's expenses came at Rs 1008.2 crore as compared to Rs 840.9 crore in the third quarter of last fiscal.

About: Power Mech Projects Limited, is one among the leading infrastructure-construction Companies based in Hyderabad, India with global presence and highly credited in providing spectrum of services in power and infrastructure sectors. It was established in the year 1999 by an enthusiastic engineering entrepreneur S. Kishore Babu with chosen motto of providing service with high quality, safety and time line, the three virtues still holding the Company in high esteem.

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