Power Mech Projects Ltd.'s consolidated net profit rose 13% year-on-year to Rs 84.41 crore for the quarter ended March 2024 on account of higher income. That compares with Rs 74.57 crore in profit after tax in the year-ago period, according to an exchange filing on Monday.
The Hyderabad-based power and infrastructure company's total income rose to Rs 1,311.86 crore from Rs 1,183.20 crore in January–March FY23. During the period under review, its expenses stood at Rs 1,189.69 crore, compared to Rs 1,070.49 crore a year ago.
The board of the company also approved a final dividend of Rs 2 per share for FY24.
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