Power Mech Projects Q3 FY26 Earnings Call Transcript Released
Power Mech Projects reported Q3 FY26 revenue of ₹1,433 crore, up 6% YoY, and PAT of ₹100 crore, up 15% YoY. For 9MFY26, revenue grew 17% to ₹3,987 crore. The company secured significant orders including a BOP EPC package for the Singareni thermal project and a BESS project. The order backlog stands at ₹56,800 crore. FY27 order inflow is projected at over ₹10,000 crore.
The announcement details strong financial performance, significant new order wins, and strategic diversification into high-growth sectors like energy storage. The robust order backlog and positive outlook for future order inflows suggest a material impact on the company's future revenue and profitability.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT for both the quarter and the nine-month period. Significant new order wins and a robust order backlog indicate positive future prospects. The diversification into energy storage and mining sectors also presents growth opportunities.
Power Mech Projects Limited has released the transcript of its conference call with investors and analysts held on February 12, 2026, discussing the company's performance for the third quarter of FY26.
During the call, the company reported a total revenue of ₹1,433 crore for Q3 FY26, a 6% increase compared to ₹1,347 crore in Q3 FY25. EBITDA for the quarter was ₹173 crore, up 8% year-on-year, with EBITDA margins at 12.08%. Profit after tax (PAT) for the quarter was ₹100 crore, marking a 15% increase from ₹87 crore in Q3 FY25, with PAT margins improving to 7.02% from 6.47%.
For the nine months ended December 2025, the company achieved a total revenue of ₹3,987 crore, a 17% increase compared to ₹3,409 crore in the same period last year. EBITDA for the nine-month period was ₹513 crore, a 23% increase over the previous year, with EBITDA margins improving to 12.88% from 12.2%. PAT for the nine months was ₹258 crore, a 19% increase over ₹218 crore in the same period last year.
The company secured significant orders, including a BOP EPC package for the 800 MW Singareni thermal project from BHEL and a grid-scale battery energy storage system project. The total order backlog, including MDO projects, stands at approximately ₹56,800 crore (₹17,300 crore excluding MDO orders), providing multi-year revenue visibility.
Management highlighted the growing opportunities in energy storage, with a 250 MW Battery Energy Storage Project in West Bengal expected to generate nearly ₹103 crore per year over 15 years, involving a CAPEX of about ₹800 crore. The company is also focusing on diversifying into mining and mineral sectors, participating in tenders for NMDC and Steel Authority of India projects.
Regarding future outlook, Power Mech Projects is targeting an order intake of ₹10,000 crore in FY26 and projects a revenue growth of 20%-25% for FY27. The company anticipates order inflows of over ₹10,000 crore for FY27. The MDO business is expected to contribute significantly, with projected EBITDA margins of 16%-17% for the next year.
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Power Mech Projects Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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