Power Mech Projects Ltd (BOM:539302)
₹ 2922.05 -32.75 (-1.11%) Market Cap: 92.43 Bil Enterprise Value: 95.86 Bil PE Ratio: 35.66 PB Ratio: 5.09 GF Score: 80/100
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Q4 2024 Power Mech Projects Ltd Earnings Call Transcript

May 24, 2024 / 09:30AM GMT
Release Date Price: ₹2476 (-1.40%)

Key Points

Positve
  • Power Mech Projects Ltd (BOM:539302) reported a total income of INR1,312 crores for Q4 FY24, an 11% increase year-on-year.
  • EBITDA for Q4 FY24 grew by 14% to INR160 crores, compared to INR140 crores in Q4 FY23.
  • Profit After Tax (PAT) increased by 12% to INR84 crores in Q4 FY24 from INR75 crores in Q4 FY23.
  • The company achieved its highest-ever revenue, EBITDA, and PAT in its Silver Jubilee year.
  • Order backlog increased significantly, with the O&M segment seeing a 266% jump in backlog from INR600 crores to INR2,197 crores.
Negative
  • The electrical business saw a significant decline of 66% in Q4 FY24, with revenues dropping to INR6 crores from INR18 crores in Q4 FY23.
  • The company missed its order target for FY24, securing INR8,759 crores against a target of INR10,000 crores.
  • There was a slowdown in some areas due to election schedules, impacting revenue growth.
  • The debt levels, although controlled, still present a concern with gross debt at INR388 crores as of March 31, 2024.
  • The FGD projects faced delays due to engineering approval issues and local resizing problems, affecting execution timelines.
Operator

Ladies and gentlemen, good day, and welcome to Power Mech Projects Q4 FY24 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.

Natasha Jain
Nirmal Bang Equities Pvt Ltd - Analyst

Thank you, Steve, and good afternoon to all participants. Nirmal Bang Institutional Equities welcome you all to the Fourth Quarter FY24 Earnings Conference Call for Power Mech Projects Limited. From the management team 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 opening remarks. Post which, we can take questions from the participants. Thank you, and over to you, sir.

Nani Aravind
Power Mech Projects Ltd - Chief Financial Officer

Thank you,

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