Power Mech Projects Ltd

Director resignation

• Mrs. Sajja Lakshmi (DIN 00068991) resigns from Non-Executive and Non-Independent Director role, effective Aug 8, 2026.
• Resignation letter attached; omission due to administrative oversight in the earlier filing.
• Earlier disclosure dated Aug 8, 2026 remains unchanged; document now provided for records.

Director resignation

• Resignation of Mrs. Sajja Lakshmi from Non-Executive and Non-Independent Director effective Aug 8, 2026.
• Formal resignation letter enclosed; submitted to NSE and BSE for record.
• Reason cited: personal preoccupations and other unavoidable commitments.

Meeting Details

• Date: August 10, 2026; time not disclosed; group virtual earnings conference call.
• Event: Power Mech Projects Limited Q1 FY27 Earnings Conference Call; organiser: Ashika Institutional Equities.

Participants

• Company management present: Executive Director; Chief Financial Officer; Director, Business Development.

Purpose

• Discuss Q1 FY27 earnings results and outlook; include investor Q&A.

Additional Notes

• Conference was recorded; transcript of the call is enclosed with the filing.

Meeting Details

• Date and time: August 10, 2026, 4:00 p.m. IST.
• Event: conference call to discuss quarter ending June 30, 2026 results.
• Mode: virtual group conference call.

Participants

• Key company participants: Company Secretary and Compliance Officer.

Purpose

• Purpose: discuss financial performance for quarter ending June 30, 2026.

Availability

• Recording of conference call uploaded.

Business Overview

• Leading industrial and infrastructure services provider in power; five segments including Erection, T&C, O&M, Civil, EPC and MDO.
• Strategic expansion into adjacent sectors like BOP, water, roads and high-value EPC projects.
• Order book INR 16,229 Cr excluding MDO, providing 2+ years revenue visibility.
• MDO contracts worth INR 39,169 Cr operationalized; focus on long-term annuity cash flows.
• 11k+ trained workforce supports execution across global projects.

Operational Highlights

• Q1 FY27 revenue of INR 1,632 Cr, up 26% YoY.
• Q1 EBITDA INR 176 Cr; margin 10.78%.
• PAT for Q1 FY27 INR 89.32 Cr; PAT margin 5.50%.
• Order inflow in Q1 FY27 total INR 1,864 Cr.
• Order backlog at INR 55,398 Cr; execution visibility across power, infrastructure, O&M, mining.
• Marquee awards include Salboni 2×800 MW; Vande Bharat depot; MMMOCL O&M.

Financial Performance

• FY26 revenue INR 6,061.57 Cr; YoY growth 16%.
• Q1 EBITDA margin 10.78%; EBITDA INR 176 Cr.
• Q1 EBIT margin 9.42%; EBIT INR 153 Cr.
• PAT INR 89.32 Cr; PAT margin 5.50%.
• FY26 consolidated revenue INR 6,107.25 Cr; YoY growth 16%.
• EPS Q1FY27 25.23; Q1FY26 16.61.
• Finance cost INR 26.62 Cr in Q1 FY27.

Backlog & Visibility

• Order backlog INR 55,398 Cr, providing multi-year execution visibility.
• New order inflows INR 1,864 Cr in Q1 FY27.
• Backlog supports 2+ years revenue pipeline.

Strategic Priorities & Outlook

• Priorities: disciplined execution, profitability, and growth of core and emerging businesses.
• Focus on O&M, MDO scale, BOP EPC, Power O&M and Civil Infra.
• Digital transformation across sites to improve uptime and efficiency.
• Backlog visibility supports 2+ years revenue pipeline.

Risks & Mitigation

• Margin pressure from higher materials costs and royalty sharing; offset by MDO scale-up and O&M growth.
• Execution risks from large order book; management emphasizes disciplined execution.

Governance & Leadership

• Founder CMD Sajja Kishore Babu continues to lead Power Mech.
• CFO N. Nani Aravind and key executives featured in leadership team.
• Board comprises founder CMD and independent directors including Vivek Paranjpe, J.P. Chalasani, B. Prasada Rao, Vasundhara Sinha.

Dematerialisation status

• Securities received for dematerialisation were mutilated and cancelled; NSDL and CDSL updated as registered owner within 15 days.
• Details of securities are furnished to the stock exchange(s).

Order receipt

• Adani Infrastructure Management Services Limited awarded the order.
• Scope covers KPI-based operations and maintenance services.
• Work is for a 2x300MW thermal power plant at Butibori, Maharashtra, India.
• Order value is ₹266.26 crore, excluding GST but including all other taxes and duties.
• The awarding entity is domestic.
• Execution period is 60 months, from 1 July 2026 to 30 June 2031.
• No promoter, promoter group, or group company interest was reported.
• The company stated the transaction is not a related party transaction.

Business

• Power Mech provides EPC, O&M, civil construction, and mining services across power and infrastructure.
• It is India’s largest power O&M provider, with about 20% market share.

Operations

• Order backlog reached Rs 55,151 crore, excluding MDO, supporting over two years of visibility.
• FY26 order inflow was Rs 7,210 crore, including marquee wins from BHEL, Adani, and SJVN.
• The company entered metro O&M and won a BOP EPC package for Singareni thermal project.
• MDO contracts worth over Rs 39,500 crore were operationalized, supporting cash flows.

Financials

• Q4 revenue rose 14% YoY to Rs 2,111 crore; FY26 revenue rose 16% to Rs 6,062 crore.
• Q4 EBITDA increased 2% YoY to Rs 237 crore; FY26 EBITDA rose 16% to Rs 750 crore.
• Q4 EBITDA margin was 11.2%; FY26 EBITDA margin was 12.3%.
• FY26 PAT after NCI rose 11% YoY to Rs 364 crore; PAT margin was 6.0%.
• Operating cash flow improved to Rs 430 crore in FY26 from Rs 1 crore last year.

Liquidity

• Cash and cash equivalents increased to Rs 107 crore at March 2026 from Rs 92 crore.
• Current borrowings fell to Rs 543 crore from Rs 660 crore, while non-current borrowings rose to Rs 108 crore.

Outlook

• Management is focused on BOP EPC, O&M contracts, and energy infrastructure projects.
• FY27 outlook is cautiously optimistic, with emphasis on disciplined execution and profitability improvement.
• Margin expansion is expected from MDO scale-up and growth in regular business.

Risks

• FY26 order inflow was hurt by cancellation of a Rs 1,563 crore BESS order.
• Water division execution faced administrative delays, affecting quarterly revenue growth.
• Margins were pressured by higher operating expenses, labor code provisions, and lower other income.

Governance

• No major board or management changes were disclosed in this presentation.
• Founder CMD Sajja Kishore Babu continues to lead the company.