Power Mech Projects Limited Q3FY16 PAT up by 31.61% at Rs. 20.35 crore

February 15 2016,  17.57 PM IST || Pocket News Alert

Result Highlights

For the Quarter ended December 31, 2015 (Q3FY16):

•Total Income of Rs. 354.80 crore;  up by 9.86% y-o-y
•EBITDA of Rs. 48.02 crore; recording a y-o-y growth of 21.73%
•Net Profit of Rs. 20.36 crore; y-o-y growth of 31.61%
•EPS for Q3FY16 stood at Rs. 14.71, as compared to Rs. 12.62 for Q3FY15

For the Nine-month ended December 31, 2015 (9MFY16):

•Total Income of  Rs. 973.62 crore, as compared to Rs. 986.50 crore in Q3FY15
•EBIDTA of Rs. 131.03 crore , y-o-y growth of 5.79%
•Net Profit of Rs. 54.49 crore, y-o-y growth of 2.79%

Hyderabad, February 15, ​ 2016: Power Mech Projects Limited (hereinafter Power Mech), an integrated power infrastructure services company, has declared its financial results for the third quarter ended December 31, 2015.

The company reported a healthy increase of 31.61% in its Net Profit to Rs. 20.36 crore for Q3FY16, as compared to Rs. 15.47 crore in the corresponding quarter of last fiscal.

Total Income for the quarter ended December 31, 2015 stood at Rs. 354.80 crore, up by 9.86%, as compared to Rs. 322.95 crore in the same period last year. Power Mech’s Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q3FY16 stood at Rs. 48.02 crore, up by 21.73%, as compared to Rs. 39.45 crore in Q3FY15. The company’s EBITDA margin improved from 12.21% in Q3FY15 to 13.53% in Q3FY16.

For the nine month ended December 31, 2015, Power Mech’s net profit recorded an increase of 2.79% to Rs. 54.49 crore, as compared to Rs. 53.00 crore of the year ago period.

Total income for 9MFY16 stood at Rs. 973.62 crore, as compared to Rs. 986.50 crore during 9MFY15.  Power Mech’s EBITDA in 9MFY16 stood at Rs. 131.03 crore, up 5.79%.

Earnings per share (EPS) for the quarter ended Q3FY16 stood at Rs. 14.71, up 16.56% as compared with Rs. 12.62 for the quarter ended December 31, 2014 (Q3FY15).

Commenting on the financial performance of the company Mr. S. Kishore Babu, the founding Chairman and Managing Director, Power Mech Projects Limited, said, “I am overwhelmed with the results for the third quarter, because in spite of gloomy scenario in the power sector, the company has come out with flying colours.”