Power Mech Projects (POWERMECH) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 revenue reached INR 1,632 crore, up 26% year-over-year, driven by strong execution in core verticals including civil infrastructure, industrial EPC, O&M, and international projects.

• Order inflows for Q1 FY27 were INR 1,864 crore, including major wins from JSW, Adani, and MMMOCL, expanding the order book to INR 55,398 crore (including MDO).

• Profit after tax after minority interest rose to INR 89 crore, with EPS at INR 25.23 versus INR 16.61 in Q1 FY26.

• Board approved unaudited standalone and consolidated financial results for Q1 FY27 and introduced a new ESOP scheme for eligible employees, subject to shareholder and regulatory approval.

• Management remains confident in achieving full-year execution, order book, and margin targets.

Financial highlights

• Q1 FY27 revenue: INR 1,632 crore (+26% YoY); EBITDA: INR 176 crore (10.8% margin, -3% YoY); PAT: INR 89 crore (5.5% margin), up 11% YoY; EPS: INR 25.23.

• O&M revenue: INR 431 crore (+8% YoY); civil segment: INR 796 crore (+28% YoY); industrial construction: INR 270 crore (-13% YoY); industrial EPC: INR 96 crore.

• Mining revenue: INR 84 crore (+223% YoY), driven by KBP mine ramp-up.

• Order backlog: INR 55,398 crore, providing over two years of revenue visibility.

• Total comprehensive income for Q1 FY27 was INR 86.52 crore.

Outlook and guidance

• FY27 revenue guidance: INR 7,300 crore; O&M revenue target: INR 2,089 crore (+28% YoY).

• EBITDA margin guidance for FY27: 12.5%; MDO mining margins expected at 15%-16% in FY27, ramping to 21%-23% by FY29.

• Order inflow target for FY27: INR 12,000 crore, with a strong pipeline in power, civil, and O&M.

• Management expects annual EBITDA margin to improve by 0.5% each year, reaching 14% by 2030.

• ESOP scheme introduced to incentivize and retain employees, with up to 1,000,000 options to be granted, vesting over 3–5 years.