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Power Mech Projects reports 58% rise in Q2 consolidated net profit

14 Nov 2022 Evaluate

Power Mech Projects reported results for second quarter ended September 30, 2022.

The company has reported rise of 54.74% in its net profit at Rs 41.95 crore for Q2FY23 as compared to Rs 27.11 crore for the corresponding quarter previous year. Total income of the company increased by 43.15% to Rs 753.88 crore for the quarter under review as compared to Rs 526.62 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported rise of 57.86% in its net profit at Rs 42.70 crore for the quarter under review as compared to Rs 27.05 crore for the same quarter in the previous year. Total income of the company increased by 42.25% to Rs 774.29 crore for the quarter under review as compared to Rs 544.30 crore for the same quarter in the previous year.

Peers
Company Name CMP
Larsen & Toubro 3699.00
Kalpataru Projects 1456.60
NCC 126.90
Rail Vikas Nigam 196.00
KEC International 362.35
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