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POWER MECH Power Mech Projects Limited ( BSE : 539302 | NSE : POWERMECH ) Q1 FY 2027 Earnings Presentation 10th August 2026 Growth Unlimited
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1 1Scale & Leadership: India’s market leader in O&M services India’s Market leader in O&M services having a presence across 75 GW+ unit capacity across industrial, infrastructure assets & power segments 2Diversified Engineering and Infrastructure execution based on strong technical services From power-plant construction to metro, water, and civil infra with 27 years of multi- sector project delivery with engineering depth and reliability 3Sustainable & overseas growth over the years Strong, growing overseas presence and disciplined financial performance driving high profitability Power Mech: We are at scale and a leading industrial & infrastructure services provider
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2 Sustained growth momentum & strong outlook Strong Q1 performance underscores consistent value creation & sets a foundation for next phase of growth • India’s largest O&M service provider with ~16% market share in Power O&M • Strong positioning in EPC and O&M, offering an E2E capability from erection to operations • 5 complementary segments – Erection, Testing & Commissioning, O&M, Civil Construction, EPC and MDO • Strategic expansion into adjacent sectors & high-value EPC projects (BOP , Water, Roads) • INR 16,229 Cr order book (exc. MDO) providing 2+ years of revenue visibility • INR 1,864 Cr new order inflows in FY 27, – including marquee wins from JSW, Adani, SWR & Maha Mumbai Metro Operation Corporation Limited (MMMOCL) • High-margin MDO (focus on coking coal) contracts worth INR 39,169 Cr operationalized • Strategy focused on building long-term annuity cash flows, sustainable & high-margin growth through expansion of O&M and MDO businesses • Focus on digital transformation across sites to enhance uptime and efficiency • 11k+ trained technical workforce deployed across global projects • Proven expertise in executing complex, large-scale and technology-intensive projects across geographies, driving consistent delivery excellence – a key competitive edge Leadership in Power services Integrated & diversified business model Robust growth momentum and visibility Margin growth & sustainable long-term recurring revenue levers operationalized Technical talent driven execution excellence
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3 Consolidated results at a glance INR 55,398 Cr Order backlog ~3% growth YoY INR 176 Cr (10.8%) Q1 EBITDA (3)% YoY growth INR 176 Cr (10.8%) 3M EBITDA (3)% YoY growth INR 1,864 Cr Order inflow this year 15.5% of target achieved INR 1,632 Cr Q1 Revenue 26% YoY growth INR 1,632 Cr 3M Revenue 26% YoY growth
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4 Leadership Commentary Commenting on the performance Mr. Sajja Kishore Babu, Chairman and Managing Director said: “As we begin FY 27, the first quarter reflected higher execution across key business verticals. This was supported by Civil Infra, Industrial EPC, JJM Water, O&M and International projects. The quarter also marked order book expansion across Industrial Construction, O&M and Civil Infra. From a financial perspective, revenue from operations was INR 1,624 crore, registering a 25.5% YoY increase. EBITDA for the quarter was INR 176 crore (10.8%). The margin was lower compared to Q1 FY 26, primarily due to an increase in royalty costs in the KRBM project following the Government Order on royalty sharing for seized quantities, higher OB removal costs at the KBP mine and increased material costs due to the ongoing middle east conflict. PAT for the quarter was INR 89 crore (5.5%). PATincreased 11% YoY ,mainly due to lower finance costs and lower tax expenses. The Company secured order inflows of INR 1,864 crore during Q1 FY27. Key awards included the civil and structural works for the 2×800 MW thermal power project at Salboni, West Bengal from JSW Thermal Energy, development of Vande Bharat sleeper trains maintenance depot at Thannisandra, Karnataka as well as O&M contracts from Adani Infrastructure Management Services and MMMOCL. Looking ahead, the management’s priorities remain focused on disciplined execution, improving profitability and executing the order pipeline across core and emerging businesses. With an order backlog of INR 55,398 crore, including MDO, the Company has execution visibility across power, infrastructure, O&M and mining. Additionally, the focus remains on increasing participation in BOP EPC packages, Power O&M contracts – domestic and international, Civil Infra and Urban Mobility.”
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5 Revenue | Strong and sustained revenue momentum continues, with 26% growth over last year Amounts in INR Cr • Revenue stood at INR 1,624 Cr, registering strong 26% YOY growth. • Q1 performance was supported by higher execution in Civil Infra, Industrial EPC, JJM water, O&M and International projects • Overall trajectory remains positive. 1,293 2,111 1,624 Q1 FY 26 Q4 FY 26 Q1 FY 27 +26%
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6 Segment revenue | Consistent momentum with strong execution in core segments & emerging MDO growth Amounts in INR Cr • Power segment momentum sustained - Strong traction in Civil Infra projects • O&M growth gaining pace - Supported by new order inflows during the year • MDO share rising - Share in total revenue up due to ramp up production at KBP mine. Segment wise revenue (INR Cr) 250 305 217 398 557 431 620 945 796 84 0 26 Q1 FY 26 78 226 Q4 FY 26 96 Q1 FY 27 1,293 2,111 1,624 Industrial Construction O&M Civil Infra Industrial EPC MDO Segment wise revenue (In %) 19 14 13 31 26 27 48 45 49 0% 2% Q1 FY 26 4% 11% Q4 FY 26 6% 5% Q1 FY 27
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7 Margins | margins declined ; Uptrend expected in coming quarters as MDO revenue scales up Amounts in INR Cr Margins declined YoY mainly due to higher material costs arising from the Middle East conflict and a significant increase in royalty sharing for river dredging in the KRBM project. KBP Mining margins were impacted by higher OB removal costs to make new seams accessible for future production and ramp-up. • PAT margin declined primarily due to the lower EBITDA margin during the quarter. • EBITDA and PAT margins are expected to improve, supported by the scale-up of MDO operations and continued growth in the core business. 182 237 176 13.98% 11.17% 10.78% Q1 FY 26 Q4 FY 26 Q1 FY 27 EBIDTA Margin (%) EBITDA (INR Cr) EBITDA margins PAT margins 81 153 89 6.23% 7.27% 5.5% Q1 FY 26 Q4 FY 26 Q1 FY 27 PAT Margin (%) PAT (INR Cr)
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8 Order inflow & position | Strong order momentum in Q1 FY27 Amounts in INR Cr Order Inflow 8,479 8,314 6,347 7,210 1,864 FY 23 FY 24 FY 25 FY 26 Q1 FY27 Order Backlog (Inc. MDO) 23,027 57,053 53,994 55,151 55,398 FY 23 FY 24 FY 25 FY 26 Q1 FY27 1,083 781 Industrial Construction Civil Infra O&M Industrial EPC MDO Q1 FY27 Order Inflow Breakup 1,891 2,375 3,322 8,480 39,330 Industrial Construction Industrial EPC O&M Civil Infra MDO Q1 FY27 Order Backlog Breakup
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9 Snapshots of select projects under execution 2 X 800 MW Mahan Ultra SCTPP, Madhya Pradesh Challaghatta metro depot cum workshop, Karnataka Comprehensive O&M of 2 X 600 MW Singareni STPP, Telangana 5 X 800 MW Yadadri Thermal Power Station, TelanganaDrinking water supply system under JJM, Uttar Pradesh MDO at Tasra mines, Jharkhand
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10 Multi segment presence backed by strong technical execution Execute full-scope erection, testing & commissioning of BTG/BOP systems (including FGD/SCR) across power, nuclear , oil-&-gas, petrochemicals, steel & minerals >31.22 Lakhs MT Erection Works complete Power Non-Power Industrial Construction1 Provide integrated mechanical, electrical & C&I services including control-room/desk operations, boiler/turbine/auxiliary overhauls, long-term AMCs for utility & captive plants 36.25GW Unit capacity of the O&M & AMC Power Operations & Maintenance Deliver civil/structural construction for power, industrial & urban infrastructure - foundations, decks, cooling towers, CHPs, roads and coal‐handling plants 33.47 Lakhs m3 Concreting works carried out Civil Infrastructure Power Non-Power Develop mine infrastructure, mineral processing operations & manage full contract mining leveraging PMPL’s execution & O&M strengths 9 MTPA Peak rated Mining capacity Mining, Development & Operations (MDO) 1 – Erection, Testing and Commissioning (ETC)
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11 From foundation to future – 27 years of building leadership & scale 2016-2020 Consolidation and service leadership: Establishes large O&M footprint, strengthens asset base and manpower, leverages infrastructure growth in India 1999 Initial days: The firm started out in the power sector (gas turbine overhauling for a major utility) and entered the Erection & Commissioning and O&M segments in India 2000–2010 Strengthening core power-plant services: ETC of boilers/ turbines, overhauling and maintenance contracts for large power plants in India 2010-2015 Diversification: Company expands services into non-power sectors (industrial plants, rail/metro, water), enters overseas markets & attains major growth in scale of operations 2014-2015 Public listing / scaling up: Company prepares IPO and significantly increases visibility, order book 2020-2026 Strategic pivot & next-wave growth: Entry into mining, backward/ forward integration, large order-book scale up, aligning with India’s infrastructure pipeline (NIP) and global operations Built by passion, relationships, and resilience 2027 and beyond Strategic focus to transform into a global integrated services provider
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12 Our established track record over the years >31.22 Lakhs MT Erection Works 70,626 MW Capacity addition of Boiler, Turbine, Generator and Balance of Plant 756 TKM Commissioned overhead Electrification works 2.71 Lakhs MT Structural Fabrication works 15 Lakhs sq. ft. Completed infra development work within a year at Vizag, AP 33.47 Lakhs m3 Concreting works carried out 36.25 GW Capacity of O&M & AMC 546 Km Execution of Natural Gas Cross Country Pipeline 220Kv GIS Substation works 9,262 MW Commissioned in power sector in overseas markets 11.8L inch mts Of piping at Dangote, Nigeria 132Kv Lines & 33/11 Kv SS Commissioned in Assam and MP
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13 Our Indian clients base Not exhaustive
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14 Our International clients base Not exhaustive
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Board of Directors Sajja Kishore Babu (Founder, CMD) • 37+ years experience in Power and Infrastructure sector • Serves on Board of subsidiary and joint venture companies • Holds a Bachelor degree in Mechanical Engineering Audit Committee CSR Committee Nomination and Remuneration Committee Risk Management Committee Stakeholder Relationship Committee Vasundhara Sinha (Independent Director) • A distinguished 1988-batch officer of the Indian Revenue Service (IRS) who retired as Principal Chief Commissioner - Income Tax. • She was the Additional Director General of Foreign Trade under the Ministry of Commerce, Government of India, in New Delhi M Rajiv Kumar (Non-Executive Director) • 38+ years experience in BHEL • Rose to the level of Executive Director, Power Sector, Eastern Region • Mr. Kumar is a graduate in Electrical Engineering from the BIT, Sindri Vivek Paranjpe (Independent Director) • 45+ years experience in leadership roles • Previous associations include Hewlett Packard, Reliance Industries Ltd • Holds B.Sc (Honors) from Fergusson College, Pune and Post- Graduate degree from XLRI Jamshedpur B Prasada Rao (Independent Director) • 37+ years experience at BHEL, including over 6 years as Chairman & MD & holds directorship in 5 companies • He is also a member of 2 committees constituted by Government of India J P Chalasani (Independent Director) • 40+ years experience in the Indian infrastructure industry • He is a member of the Group Executive Council at Suzlon Energy • Previous associations include NTPC, Reliance Power, Punj Lloyd and others Sajja Rohit (Executive Director) • Leads Overseas Operations, Business Development, Corporate Strategy and digital initiatives for Power Mech group of companies • MBA from University of Oxford & Master’s Engineering Management degree from USC 15 Executive Committee
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Leadership Team N Nani Aravind Group Chief Financial Officer M Raghavendra Prasad Group Company Secretary & Compliance Officer S.K. Kodandaramaiah Director (Non-Board) Business Development G Srinivasulu Executive Director (Non-Board) Head – Facility Engineering Services & Stores L Sai Shankar Executive Director (Non-Board) Head – Engineering Srinivasan Selvaraj Executive Director (Non-Board) Head – Industrial EPC D.S.G.S. Srinivas Babji Executive Director (Non-Board) – O&M Head - O&M 1 N Srinivasa Rao Director (Non-Board) Head – Gas Power T Srinivasa Prasad Senior Vice President – Civil Infra Head – Civil Infra M Ramesh Vice President – Civil Infra Head – Civil Infra Subcontracts T Ramesh Whole-Time Director - KTMPL K Sekhar Babu Sr. Vice President – O&M Head - O&M 2 Abdul Basheer Vice President – Industrial Construction Head – Industrial Construction R Murali Krishna Vice President – Industrial Construction Head – Commercial Subcontracts Uppada Subbarao Vice President Head – HR & Admin Anand Vishwanath Bhushan Vice President – Mobility Head - Operations P Dileep Kumar Senior General Manager Head – UAE Operations K Suresh Babu Whole-Time Director - KBP Mining K Sai Krishna Prasad Whole-Time Director – PM Green Pvt. Ltd 16
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Consolidated profitability statement Amounts in INR Cr 17 Particulars Q1FY27 Q4FY26 Q1FY26 YOY FY26 FY25 YOY Revenue from Operations 1,623.68 2,110.73 1293.41 26% 6061.57 5234.14 16% Other Income 8.68 9.94 11.38 45.68 45.18 Total Revenue 1,632.36 2,120.67 1,304.79 25% 6,107.25 5,279.32 16% Material Consumed 89.34 329.03 96.5259 869.02 802.17 Contract Execution Expenses 1,130.45 1310.92 820.47 3611.9 3078.02 Employee Cost 215.12 216.59 170.88 755.26 663.36 Other Expenses 21.45 27.31 34.54 120.78 86.61 EBITDA 176.00 236.82 182.37 (3)% 750.29 649.16 16% EBITDA Margin 10.78% 11.17% 13.98% (320) bps 12.29% 12.30% (1) bps Depreciation 23.01 21.34 16.43 74.51 55.8 EBIT 152.99 215.48 165.94 (8)% 675.78 593.36 14% EBIT Margin 9.42% 10.21% 12.83% (341) bps 11.15% 11.34% (19) bps Finance Cost 26.62 27.92 29.43 115.65 99.42 Share of profit of Associates 0.00 0.87 0.92 2.634 2.7 Profit before Tax 126.38 186.69 135.58 (7)% 557.50 491.24 13% PBT Margin 7.78% 8.84% 10.48% (270) bps 9.20% 9.39% (19) bps Tax 37.05 33.27 55.05 145.82 143.69 PAT 89.32 153.42 80.53 11% 411.68 347.55 18% PAT Margin % 5.50% 7.27% 6.23% (73) bps 6.79% 6.64% 15 bps Non Controlling Interest 9.5488 10.86 28.01 47.69 21.07 PAT after Non Controlling Interest 79.77 142.56 52.52 52% 363.99 326.48 11% PAT Margin % 4.91% 6.75% 4.06% 85 bps 6.00% 6.24% (24) bps EPS 25.23 45.09 16.61 115.12 103.26
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18 Disclaimer This investor presentation has been prepared by Power Mech Projects Limited and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof), delivered or supplied, should not be deemed to constitute an offer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, or correctness of such information or opinions contained herein. The information contained in this presentation is only current as of its date. Certain statements made in this presentation may not be based on historical information or facts and may be ‘forward-looking statements’, including those relating to the general business plans and strategy of Power Mech Projects Limited, its future financial condition and growth prospects, future developments in its industry, and its competitive and regulatory environment, and statements which contain words or phrases such as ‘will’, ‘expected to’, ‘horizons of growth’, ‘strong growth prospects’, among many others, or similar expressions or variations of such expressions. These forward-looking statements involve a number of risks, uncertainties, and other factors that could cause actual results, opportunities, and growth potential to differ materially from those suggested by the ‘forward-looking statements’ Power Mech Projects Limited may alter, modify, or otherwise change, in any manner, the content of this presentation without obligation to notify any person of such revision or changes. This presentation cannot be copied and disseminated in any manner
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19 Disclaimer Abhishek Dakoria / Kapil Juneja +91 99454 72589 powermech@churchgatepartners.com This presentation contains “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating Power Mech Projects Ltd. future business developments and economic performance. While these forward looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. We undertakes no obligation to publicly revise any forward looking statements to reflect future / likely events or circumstances. Mr. M. Raghavendra Prasad, Company Secretary and Compliance officer +91 40 30444418 / +91 99480 41312 cs@powermech.net Registered Address: Plot No 77, Jubilee Enclave, Opp. Hitex, Madhapur, Hyderabad - 500081, Telangana, INDIA For Further Information Please Contact: