Power Mech Projects shares closed 0.52% lower at ₹2,393.90 on 11 November, even as the firm reported a 30% jump in second-quarter revenue.

The construction and maintenance company filed its September quarter numbers with exchanges after its board met on 11 November. Sales grew much faster than profit.

Consolidated revenue rose to ₹1,609.3 crore, up from ₹1,237.9 crore a year earlier.

Net profit attributable to shareholders climbed 11.9% to ₹83.8 crore from ₹74.9 crore. Operating earnings, known as EBITDA, came in at ₹179 crore.

The margin was 11.1%, which means the company kept about ₹11 from every ₹100 of revenue.

That is slightly less than a year ago, so costs grew almost as quickly as sales. The first half of the year looks similar.

Revenue for the six months to September rose 27.7% to ₹3,233 crore from ₹2,531.3 crore.

Profit for the period reached ₹163.6 crore, compared with ₹127.4 crore in the same stretch last year.

Spending jumped too. The company put ₹496.5 crore into capital expenditure in the first half, against ₹96.2 crore a year before. There is also a cushion of future work.

Power Mech had an order book of ₹16,229 crore at the end of the June quarter, not counting its mine development and operations business.

The company says that covers more than two years of revenue. On the stock side, NSE data shows the share fell ₹12.60 from the previous close of ₹2,406.50.

It touched a low of ₹2,329 during the session and a high of ₹2,489.20. The Nifty 50 index ended 0.84% higher. Over the longer run, the stock is up 4.25% so far this year.

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