On November 12, infrastructure firm PNC Infratech Ltd announced a 43.6% decrease in its net profit for the second quarter of FY25, ending September 30, 2024. Net profit for the quarter stood at ₹83.5 crore, compared to ₹148 crore in the same period last year, as per the company’s regulatory filing.
PNC Infratech’s revenue from operations dropped by 25.3% YoY to ₹1,427 crore, down from ₹1,911.4 crore in Q2 of FY24. This decline reflects a slowdown in business activity during the period.
The company’s operating profit, measured by EBITDA (earnings before interest, tax, depreciation, and amortization), decreased by 10.9% to ₹356.4 crore, compared to ₹399.8 crore in the previous year. However, the EBITDA margin improved to 25% in Q2 FY25, up from 20.9% in the year-ago quarter.
For its standalone performance, PNC Infratech reported:
In the first half of FY25, PNC Infratech’s revenue totalled ₹2,894 crore, while EBITDA reached ₹727 crore, and PAT amounted to ₹502 crore.
On November 13, 2024, PNC Infratech share price opened at ₹303.95, touching the day’s low of ₹295.55 as of 11:13 AM on NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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