PNC Infratech Ltd. reported a 23% year-on-year decline in consolidated net profit for the June quarter, even as the infrastructure company delivered strong growth in revenue and operating profitability, according to an exchange filing on Saturday.
Consolidated net profit stood at Rs 332 crore in the first quarter of fiscal 2027, down from Rs 431 crore in the corresponding quarter a year earlier.
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Revenue from operations, however, increased 18.6% year-on-year to Rs 1,688 crore from Rs 1,423 crore in the year-ago period.
The company reported a sharper improvement at the operating level.
EBITDA rose 42.1% year-on-year to Rs 523 crore, compared with Rs 368 crore in the same quarter last year.
EBITDA margin also expanded significantly to 31% from 25.9% a year earlier, reflecting a stronger operating performance during the quarter.
The sharp improvement in EBITDA came despite the decline in consolidated net profit, indicating that the bottom-line performance was impacted by factors below the operating level.
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PNC Infratech's quarterly performance therefore presented a mixed picture, with robust revenue growth and a substantial expansion in operating margins contrasting with the decline in net profit.
Revenue grew by nearly a fifth, while EBITDA growth was more than twice the pace of revenue growth. The 510-basis-point expansion in EBITDA margin reflects the improvement in operating profitability during the quarter.
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