Q1 2025 Power Mech Projects Ltd Earnings Call Transcript
Key Points
- Total income for Q1 FY25 increased by 16% year-on-year to INR1,017 crores.
- EBITDA grew by 17% year-on-year to INR123 crores.
- PAT increased by 18% year-on-year to INR60 crores.
- Order book status is strong with orders worth INR1,746 crores secured so far in FY25.
- International operations saw a 27% increase in O&M revenue compared to last year.
- Mechanical business revenue declined by 36% year-on-year.
- Net current assets excluding cash and cash equivalents increased from 112 days in FY24 to 142 days in Q1 FY25 due to delays in receivables and certification of works.
- Debt levels remain a concern with gross debt at INR581 crores and net debt at INR40 crores.
- MDO projects are facing delays, with the KBP project pushed by two months.
- EBITDA margins in certain segments like erection business (6%) and industrial construction (1%) are relatively low.
Ladies and gentlemen, good day, and welcome to Power Mech Projects Limited Q1 FY25 Earnings Conference Call hosted by Nirmal Bang Equities Private Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Natasha Jain from Nirmal Bang Equities. Thank you, and over to you, ma'am.
Thank you, and good afternoon to all participants. Nirmal Bang Institutional Equities welcomes all of you to the first-quarter FY25 earnings conference call for Power Mech Projects Limited. From the management today, we have Mr. S.K. Ramaiah, Director, Business Development; Mr. Rohit Sajja, President, Business Development and Operations; and Mr. N. Aravind, Chief Financial Officer. I now hand over the call to the management for their opening remarks, post which we shall open the floor for Q&A. Thank you, and over to you, sir.
Thank you,
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