New Delhi, May 20 (PTI) Power Mech Projects Ltd on Monday reported a 13 per cent rise in consolidated net profit to Rs 84.41 crore for the March quarter on account of higher income.

It had clocked Rs 74.57 crore profit after tax (PAT) in the year-ago period, the company said in an exchange.

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The company's total income rose to Rs 1,311.86 crore, from Rs 1,183.20 crore in January-March FY23.

During the period under review, its expenses stood at Rs 1,189.69 crore, as against Rs 1,070.49 crore a year ago.

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The board of the company also approved a final dividend of Rs 2 per share for FY24.

Hyderabad-based Power Mech Projects Ltd is into the power and infrastructure sectors.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)