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Power Mech Projects Q3 Profit Grows 22% To Rs 62 Crore
It had reported a net profit of Rs 50.6 crore in the October-December period of the preceding financial year, the company said in an exchange filing.
13 Feb 2024, 05:52 PM IST 
A Power Mech project. (Source: Company website)
Power Mech Projects Ltd on Tuesday posted a 22.5% rise in consolidated net profit to Rs 62 crore for the quarter ended December 2023, aided by higher income.
It had reported a net profit of Rs 50.6 crore in the October-December period of the preceding financial year, the company said in an exchange filing.
Its total income rose to Rs 1,114.9 crore from Rs 912 crore a year ago.
Expenses stood at Rs 1,008.2 crore against Rs 840.9 crore in the third quarter of the last fiscal.
Hyderabad-based Power Mech Projects is one of the leading infrastructure-construction companies providing a spectrum of services in the power and infrastructure sectors.
