PNC Infratech Q3 Results: Profit Down 56%, Revenue Falls 28%
The margin expanded to 25.7% from 21.1% in the year-ago period.
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PNC Infratech Ltd.'s net profit slumped 56% to Rs 81.4 crore in the third quarter of the current financial year from Rs 185 crore in the same period last fiscal.
The company's revenue slipped 28% to Rs 1,470 crore in the October– December quarter from Rs 2,047 crore in the year-ago period, according to an exchange filing on Monday.
PNC Infratech Q3 FY25 Highlights (Consolidated, YoY)
Revenue down 28% to Rs 1,470 crore versus Rs 2,047 crore.
Ebitda down 12% to Rs 379 crore versus Rs 432 crore.
Margin expands to 25.7% versus 21.1%.
Net profit down 56% to Rs 81.4 crore versus Rs 185 crore.
Shares of PNC Infratech closed 2.06% higher at Rs 300.25 apiece on the NSE, compared to a 0.76% fall in the benchmark Nifty 50. The stock has fallen 23.95% in the last 12 months.
Out of the 17 analysts tracking the company, 10 maintain a 'buy' rating on the stock, six recommend 'hold' and one suggests 'sell' according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 27.1%.
