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Last Updated : Nov 16, 2015 03:54 PM IST | Source: CNBC-TV18

See better revenue growth for H2 than H1: Power Mech

Going forward Kishore Babu, CMD, Power Mech Projects is confident of seeing an uptick in revenue growth for the Q3 and Q4. The revenues would be around Rs 400 crore in both the quarters.

Power Mech Projects reported good set of earnings for the quarter ended September, 2015 with 20 percent growth in profits but the bottomline growth was a bit tepid.

Slowdown in construction projects led to tepid growth in bottomline, said Sajja Kishore Babu, CMD, Power Mech Projects in an interview to CNBC-TV18. However, going forward he is confident of seeing an uptick in revenue growth for the Q3 and Q4. The revenues would be around Rs 400 crore in both the quarters, he added. So, the second half would be better than the first, he said.

The company is expecting orders worth Rs 500 crore by March, 2015, said Babu. The current order book stands at Rs 3500 core.

For the entire interview, watch video

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First Published on Nov 16, 2015 03:54 pm
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