Power Mech Projects Reports Strong Q2 FY26 Performance with 20% Revenue Growth and 4,800+ Cr New Orders
Power Mech Projects posted strong Q2 FY26 results with 20% revenue and 18% EBITDA growth. It secured over 4,800 crore in new orders, boosting its robust order book and ensuring long-term revenue visibility.
The announcement contains crucial financial performance data for Q2 FY26 and H1 FY26, along with substantial new order acquisitions and an updated order book. These factors are highly material to investors, indicating strong operational performance, future growth prospects, and strategic direction, which can significantly influence stock valuation.
The company reported strong double-digit growth in revenue, EBITDA, and PAT for both the quarter and half-year. Significant new order wins totaling over 4,800 crore and a robust order backlog of over 56,353 crore provide excellent revenue visibility and reflect strong business momentum. The strategic focus on high-margin MDO contracts further enhances future profitability.
Power Mech Projects Limited has released its Investor Presentation for the un-audited financial results for the quarter and half year ended September 30, 2025. Key highlights include: * Financial Performance (Consolidated, Q2 FY26 vs Q2 FY25): * Revenue from Operations grew 20% year-on-year to 1,237.87 crore. * EBITDA increased 18% year-on-year to 157.99 crore, with an EBITDA Margin of 12.65%. * Profit After Tax (PAT) rose 12% year-on-year to 78.11 crore, with a PAT Margin of 6.31%. * Financial Performance (Consolidated, H1 FY26 vs H1 FY25): * Revenue from Operations grew 24% year-on-year to 2,531.29 crore. * EBITDA increased 33% year-on-year to 340.36 crore, with an EBITDA Margin of 13.33%. * Profit After Tax (PAT) rose 21% year-on-year to 158.63 crore, with a PAT Margin of 6.27%. * Order Inflow & Position: * Total new order wins for FY26 so far amount to over 4,800 crore, achieving 48% of the 10,000 crore target for the full year. * The order backlog, including MDO, stands at 56,353 crore as of YTD FY26, providing over 3 years of revenue visibility (excluding MDO, the order book is over 16,700 crore). * Significant new orders include: * BHEL: EPC package for Balance of Plant (BOP) at 1X800 MW Singareni Super Thermal Power Project. * Mahan Energen Ltd (Adani Group): Civil works & erection of prefabricated structural steel for BTG units (2 ×800 MW) – Phase III. * SJVN Thermal: Comprehensive O&M contract for 2×660 MW coal-based supercritical power project (39 months tenure). * Revenue & Segment Performance: * Q2 revenue growth was driven by strong execution across all segments and ramp-up of new orders, though income declined 4% quarter-on-quarter due to seasonal monsoons and absence of exceptional revenue from a previous quarter's Riverbed Mineral project. * Power segment momentum sustained, and O&M growth is gaining pace. MDO share in total revenue is rising, with KBP mine revenue expected from Q3 onwards. * Margins: * Margins remained steady year-on-year, with a slight dip in Q2 compared to Q1 due to Q1's exceptional revenue and marginally higher finance costs impacting PAT margin. * EBITDA and PAT margins are expected to improve from Q3 onwards as MDO operations scale up alongside regular business growth. * Company Overview: * Power Mech Projects is India’s largest O&M service provider with over 75 GW under management across various assets. * The company operates across four complementary segments: Erection & Commissioning, O&M, Infrastructure Construction, and Mining, Development & Operations (MDO). * High-margin MDO contracts worth over 39,500 crore have been operationalized, ensuring long-term annuity cash flows for approximately 23 years.
What to do with a filing like this
Power Mech Projects Limited filed this with the NSE as a statutory disclosure, categorised under investor presentation. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Power Mech Projects Limited. Read the original for the full detail.