Power Mech Projects Ltd shares experienced a significant surge in early trading on Friday, May 23, 2025, climbing over 12% following the release of its Q4 FY24 results, which demonstrated robust financial performance.
The company reported a 53.8% year-on-year increase in net profit, reaching ₹129.8 crore for the quarter. Revenue for the March quarter also saw substantial growth, rising 42.4% YoY to ₹1,853.3 crore.
Furthermore, EBITDA grew by 44.3% YoY to ₹215.7 crore, with stable margins at 11.6%. The board has recommended a final dividend of ₹1.25 per equity share for FY24, pending shareholder approval.