Power Mech Projects Reports Strong Q3 Sales Amid Rising Interest Costs

Power Mech Projects, a midcap player in the engineering sector, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable performance in several key areas. The company achieved its highest quarterly net sales in the last five quarters, reaching Rs 1,337.97 crore, reflecting a year-on-year growth of 20.81%. Additionally, the operating profit for the quarter also peaked at Rs 150.95 crore, while profit before tax reached Rs 112.39 crore, marking the highest figures in the same timeframe. Despite these positive indicators, the company has experienced an adjustment in its evaluation, with its score declining from 8 to 7 over the past three months. This change comes amid rising interest costs, which have increased by 31.82% quarter on quarter, indicating a potential rise in borrowings. Overall, while Power Mech Projects has demonstrated strong sales and profit metrics, the increase in interest expenses has contributed to a revision in its score. Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.