However, on a year-on-year basis, consolidated net profit rose 51.9%, while net sales increased 25.53%.

Total expenditure rose 29.90% YoY to Rs 1,479.36 crore in Q1 FY27 from Rs 1,138.84 crore in Q1 FY26. Raw material consumed increased 62.31% YoY to Rs 169.14 crore, while employee expenses rose 25.89% to Rs 215.12 crore.

Profit before tax (PBT) declined 6.79% YoY to Rs 126.38 crore in Q1 FY27 from Rs 135.59 crore in the corresponding quarter of the previous year.

Power Mech Projects is an engineering and construction company providing integrated services in erection, testing and commissioning (ETC) of boilers, turbines and generators; balance of plant (BOP); civil works; and operation and maintenance (O&M) services across power, infrastructure, and industrial sectors.