Power Mech Projects Ltd Q1 FY2024 consolidated net profit slides QoQ to Rs. 50.98 crores

Power Mech Projects Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 870.673 crores during the period ended June 30, 2023 as compared to Rs. 1183.206 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 50.987 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 75.204 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 34.20 for the period ended June 30, 2023 as compared to Rs. 50.45 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 870.673 crs	₹1183.206 crs	-26.41%
Net Profit	₹50.987 crs	₹75.204 crs	-32.20%
EPS	₹34.20	₹50.45	-32.21%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 870.673 crores during the period ended June 30, 2023 as compared to Rs.748.642 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.50.987 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.39.490 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.34.20 for the period ended June 30, 2023 as compared to Rs.26.84 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 870.673 crs	₹748.642 crs	16.30%
Net Profit	₹50.987 crs	₹39.490 crs	29.11%
EPS	₹34.20	₹26.84	27.42%

Shares of Power Mech Projects Limited was last trading in BSE at Rs. 3949.30 as compared to the previous close of Rs. 4079.00. The total number of shares traded during the day was 7298 in over 1662 trades.

The stock hit an intraday high of Rs. 4205.00 and intraday low of 3911.60. The net turnover during the day was Rs. 29926762.00.

Source : Equity Bulls

Keywords

PowerMechProjects Q1FY24 ResultUpdate