Thread Reader
TYM Financial Updates

TYM Financial Updates

Sep 22, 2022
10 tweets

Power Mech Projects Ltd conducted Q1 FY23 con call on 22 August 2022 Here are the key highlights of the call 👇👇👇

•Overview - Healthy performance in line with overall plan st for company - Q1 FY23 is best and highest performance quarter in its entire journey - Execution cycle expected to improve on account of robust order book, strong engineering skills, construction management etc.
- Company has built strong in-house credentials and PQs in railway, water projects, road projects, international operations etc. - Operation and maintenance in power and non power including international operations is expected to play dominant in overall business
•Financials - Domestic business has contributed almost 83% and rest 17% of revenue - Mix between power and non-power stands at 60% and 40% respectively - Depreciation cost as a percentage to revenue remained low due to controlled cap ex spending
- Finance cost has come down on account of production in overall utilisation of limits - Net current day excluding cash and cash equivalents continue to be in range of 140-145 days - Company is expecting to have opening order backlog of ₹14k plus excluding MDO contract
•FGD segment - Recently bagged a new contract in FGD which is around 6100cr. plus from Adani group - Tied with technology partners for technology support and for equipment supply to install FGDs - FGD in four project is of 6163cr.
- Major thrust into FGS EPC business is part of forward integration and major diversification based - These contracts have 10% mobilization advance clause which is interest free - Company will deploy need based equipment in-house and new with additional cap ex of 25-30cr.
•Future growth - Company has target for reaching 10k cr. of new order, as on today it already has L1 for 1500 cr. projects - O&M opportunity in Nigeria for which company is already doing installation job which is about 94cr.
- 2 big vision for company in next couple of years are : MDO in Jharkhand that is 9294cr. for 25 year and new initiative happened in FGD for Adani power - Railway are coming with big investments, with 500cr. working order that it is executing, another 450cr. expected shortly
- Mining is going to offer a lot of opportunities so plan is to include 15-20 million tons in budget in future
TYM Financial Updates
Main Account: @tycoonmindset05 Here we will provide Concalls & Financial Updates telegram: 🇮🇳
Follow on Twitter
Missing some tweets in this thread? Or failed to load images or videos? You can try to .