Power Mech Projects Ltd
Power Mech Projects Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY26 revenue expected around INR6,200 - 6,500 crores, slightly below initial INR6,500 crores guidance. FY26 revenue guidance is around INR6,200-6,300 crores, slightly below earlier INR6,500 crores estimate due to order delays.
From Power Mech Projects Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY26 revenue expected around INR6,200 - 6,500 crores, slightly below initial INR6,500 crores guidance.
- FY27 projected revenue growth of 20% to 25%, targeting INR7,500 - 8,000 crores.
- Mining segment ramp-up planned:
- FY27 mining revenue estimated INR550 - 600 crores with EBITDA margins of 19-20%.
- Peak mining revenue crossing INR2,000 crores expected by FY28 with 23-25% margins.
- Power sector to remain core (~75% business), exploring steel, railways, and data centers for diversification.
- Order inflow target of INR10,000 crores for FY26, near 50% achieved by Q3 start; more opportunities expected.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Power Mech Projects Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company is continuing investment in mining operations (MDO) with production ramp-ups expected in FY26 and FY27, including the commissioning of a washery at Tasra.
- No immediate plans for fund raising, but market approach will be considered if new investment opportunities arise.
- Strategic focus on expanding in power sector EPC orders, targeting INR10,000 crores order inflow in the current year.
- Exploring new business areas like solar plus battery energy storage systems with plans to increase capacity in FY27 (100 MW solar and 200-250 MWh battery).
- Interest in capitalizing on data centers for hardware power capacity, substations, civil works, and infrastructure.
2 more points management made on capital expenditure plans
Top-ranked in Construction
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Power Mech Projects Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Total order book as of September 30, 2025, stands at approximately INR14,226 crores.
- Segment-wise split: Mechanical - ~INR1,700 crores; Power civil and infra civil - ~INR9,000 crores; O&M - ~INR2,700 crores; Electrical - ~INR800 crores.
- Domestic orders ~INR14,000 crores; International orders around INR220 crores.
- Order inflow target for FY '26: INR10,000 crores; INR4,900 crores received so far, balance expected by March 2026.
- Major ongoing BOP EPC orders total around INR2,550 crores.
- Substantial balance ordering expected from BHEL, Adani, and NTPC for power sector projects amounting to INR30,000 to INR45,000 crores in ETC, civil, structural, and miscellaneous works.
2 more points management made on order book & pipeline
Power Mech Projects Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹2.1K Cr, net profit ₹153 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Power Mech Proj.'s management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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Frequently Asked Questions
What were Power Mech Projects Ltd Q2 FY26 results?
FY26 revenue expected around INR6,200 - 6,500 crores, slightly below initial INR6,500 crores guidance. FY26 revenue guidance is around INR6,200-6,300 crores, slightly below earlier INR6,500 crores estimate due to order delays.
What is Power Mech Projects Ltd share price analysis?
Power Mech Projects Ltd currently shows a neutral. The stock trades at a P/E of 22.4 with a market cap of ₹8,135 Cr. Investors should review the full earnings analysis for detailed insights.
Is Power Mech Projects Ltd planning capital expenditure?
The company is continuing investment in mining operations (MDO) with production ramp-ups expected in FY26 and FY27, including the commissioning of a washery at Tasra.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.