Power Mech Projects Q4 Review - Above Expectations; Rs 36 Billion Revenue Guidance Given For FY23: Nirmal Bang

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Power Mech Projects Ltd. reported its highest ever consolidated quarterly revenue at Rs 9.02 billion for Q4 FY22, up by 19.5% YoY. The topline was above our estimate by 5.2%. Erection, testing and commissioning/operation and maintenance/civil segment’s sales jumped by 16.8%/24%/57% YoY to Rs 1.52 billion/Rs 2.17 billion/Rs 5.16 billion. Ebitda stood at Rs 945 million, up 26.8% YoY. Ebitda margin improved by 60 basis points YoY to 10.5%, marginally above our estimate of 10%. Consequently, profit after tax stood at Rs 476 million, up 33.9% YoY. Profit after tax was marginally above our estimate by 3%. Order book (excluding the MDO contract worth Rs 92.94 billion) remains strong at Rs 88.55 billion (3.27 times trailing twelve months sales). For FY23, Power Mech has set order inflow target of ~Rs 60 billion. The management highlighted that the company’s margin profile will improve gradually going forward..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Power Mech Projects Q4 Review - Above Expectations; Rs 36 Billion Revenue Guidance Given For FY23: Nirmal Bang

Power Mech Projects Q4 Review - Above Expectations; Rs 36 Billion Revenue Guidance Given For FY23: Nirmal Bang

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