Power Mech Projects Q1 Review - Steady Quarter; Good Visibility On Growth: Nirmal Bang

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Nirmal Bang Report.Power Mech Projects Ltd.'s Q1 FY22 consolidated revenue increased by 127% YoY to Rs 6.2 billion, but was 13% below our estimate. As the second Covid-19 wave didn’t lead to a shutdown of construction activities, execution remained largely unaffected. Power Mech Projects' management highlighted that execution remained steady across large projects in Q1 FY22. While the erection, testing and commissioning segment’s sales jumped by 129% YoY to Rs 1.3 billion, operation and maintenance/civil segment’s sales grew by 44%/284% YoY to Rs 1.7 billion/Rs 2.8 billion. Ebitda stood at Rs 660 million, while Ebitda margin stood at 10.6%, which was above our estimate of 9%. Q1 FY22 order inflow stood at Rs 96.3 billion, much above FY21/FY20 levels of Rs 46.3 billion/Rs 19.5 billion..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Power Mech Projects Q1 Review - Steady Quarter; Good Visibility On Growth: Nirmal Bang

Power Mech Projects Q1 Review - Steady Quarter; Good Visibility On Growth: Nirmal Bang

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