Power Mech Q2 results 2026: profit rises 12.3%
Power Mech Projects reported consolidated revenue of Rs 1,609.34 crore and total profit for the period of Rs 87.75 crore for July to September 2026.
Published 12 November 2026 · Potoos Research Services
The short answer. Consolidated revenue rose 30.0% year on year and total profit for the period rose 12.3%. Costs, led by contract execution expenses, grew faster than revenue. The filing does not say why.
Quarter at a glance
Consolidated figures in Rs crore. Change compares the same quarter a year earlier.
| Measure | Jul-Sep 2026 | Jul-Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 1,609.34 | 1,237.87 | +30.01% |
| Other income | 8.00 | 10.93 | -26.81% |
| Profit before tax | 125.98 | 111.37 | +13.12% |
| Profit for the period | 87.75 | 78.11 | +12.34% |
Source: Power Mech Projects consolidated financial results, consolidated quarterly statement. Percentages are recomputed from the filing figures before rounding.
This page uses total consolidated profit for the period, Rs 87.75 crore. The part attributable to owners of the parent is Rs 83.84 crore, against Rs 74.92 crore a year earlier (up 11.9%); the rest belongs to non-controlling interests. Some summaries quote that owners-only number. Mixing those two bases would make the year-on-year comparison inconsistent.
Revenue grew faster than profit
Revenue from operations rose 30.0%, while profit before tax rose 13.1% and profit for the period rose 12.3%. Other income fell from Rs 10.93 crore to Rs 8.00 crore. The expense lines show where the gap came from: contract execution expenses rose 36.9% to Rs 915.43 crore, employee costs rose 36.4% to Rs 239.90 crore and depreciation rose 43.1% to Rs 24.92 crore, all faster than revenue. The share of loss from joint ventures and associates was Rs 2.44 crore, against Rs 0.80 crore a year earlier. The filing does not say why these costs grew faster than revenue.
The filing also contains a half-year cash-flow statement. It covers April to September 2026 and is not treated here as a Q2-only cash-flow explanation.
Standalone profit for the quarter, Rs 117.90 crore, is higher than the consolidated Rs 87.75 crore. Note 3 of the filing explains part of this: standalone other income of Rs 42.01 crore includes Rs 30.15 crore of profit share received from an LLP that is a subsidiary. That amount moves inside the group, so it drops out of the consolidated figures.
What else did the board approve?
The 11 November outcome says the board approved material related-party transactions with subsidiaries, subject to shareholder approval through postal ballot, and decided to seek shareholder approval through postal ballot for certain other items. The outcome does not announce a dividend, bonus issue, split or stake sale.
What does Q2 FY27 mean?
Q2 FY27 is the quarter from July to September 2026, the second quarter of the financial year ending March 2027. The results are unaudited and were reviewed by the statutory auditor.
What the auditor noted
Under the heading "Other Matters", the auditor's limited review report on the consolidated results says the results include financial information of four Indian joint ventures, three overseas subsidiaries, three overseas joint ventures (counting a subsidiary of a joint venture) and two overseas associates that has not been reviewed by their auditors. This information was furnished and certified by the company's management, and the auditor's conclusion on these entities is based solely on it. The report adds that, according to the information and explanations given by management, this information is not material to the group, and that the auditor's conclusion is not modified in respect of its reliance on it. Source: auditor's limited review report on the consolidated results, PDF pages 5 and 6.
Sources
- Power Mech Projects unaudited financial results. 11 November 2026. Board-outcome letter, item 1 and item 2; Annexure 1, consolidated quarterly results table and half-year cash-flow statement; PDF pages 5 and 6, auditor's limited review report on the consolidated results.
Sources checked on 11 November 2026. Information cutoff: 11 November 2026, 16:30 IST
Common questions
Why does this page use Rs 87.75 crore for profit?
That is total consolidated profit for the period in the filing. It is kept on the same reporting basis for both comparison quarters.
Did revenue and profit grow at the same rate?
No. Consolidated revenue from operations rose 30.0%, while total profit for the period rose 12.3%.
Did the board announce a dividend in this outcome?
No dividend is stated in the 11 November board-outcome letter.
Potoos Research, SEBI-registered Research Analyst. Registration number INH000027380. SEBI is the Securities and Exchange Board of India.