Q1 Results: EPC company's profit increased by 30 percent - keep an eye on the stock

News Topical, Digital Desk : Power Mech Projects has released its quarterly results after the stock market closed on Friday. During the quarter, the company's profit and income have seen an increase. In the information given to the exchange, the company said that during the June quarter, the company's profit has increased by 30.4 percent to Rs 80.5 crore, which was Rs 61.7 crore in the same quarter last year. The company's income has increased by 28.4 percent to Rs 1293 crore, which was Rs 1,007 crore in the same quarter last year.

The company said that EBITDA in the June quarter has increased by 49 percent to Rs 170.4 crore from Rs 114.4 crore in the same quarter last year. EBITDA margin has reached 13.2 percent from 11.3 percent year-on-year. Power Mech is an engineering and construction company that mainly provides technical services for heavy equipment and projects. Share performance On Friday, the company's stock closed at Rs 3,054.10, down 3.47 percent. In the last one year, the company's stock has seen a rise of 10.61 percent. 
 

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