Power Mech Projects Q1FY18 standalone net profit declines 6% yoy

India Infoline Research Team | August 12, 2017 18:13 IST

Power Mech Projects Ltd Q1FY18

Standalone Results Q1FY18: (Rs. in crore)

Q1FY18 YoY (%)
Revenue 322.3 0.4
EBITDA 47.5 [8.3]
EBITDA Margin (%) 14.7 [140]
Net Profit (adjusted) 15.6 [6.0]
***EBITDA margin change is bps
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Reco. Price

585

Last updated on

03-Aug-2017


Power Mech Projects Ltd reported its financial result for Q1FY18.

Its standalone revenue remained for the quarter came in at Rs. 322.3 crore, registering a meagre 0.4% yoy increase.
 
EBITDA for the quarter fell by 8.3% yoy to Rs. 47.5 crore with a corresponding margin contraction of 140 bps. EBITDA margin for the quarter stood at 14.7%. The margin contraction is driven by a 30% increase in other expenses.
 
The PAT for the quarter came in at Rs. 15.6 crore, yoy decline of 6%.
 



Technical View:

Power Mech Projects Ltd ended at Rs. 542.55, up by 15.55 points or 2.95% from its previous closing of Rs. 527 on the BSE.
The scrip opened at Rs. 535 and touched a high and low of Rs. 548.70 and Rs. 535 respectively. A total of 6,716(NSE+BSE) shares were traded on the counter. The stock traded above its 50 DMA.

BSE 550.00 [3.35] ([0.61]%)
NSE 550.10 [6.35] ([1.14]%)

***Note: This is a NSE Chart

 

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