12 Aug 2024

PNC Infratech Surges with Over 3-Fold Increase in Q1 Net Profit

PNC Infratech shares are currently trading at Rs. 489.50, marking a rise of 23.10 points or 4.95% from the previous close of Rs. 466.40 on the BSE.

The stock opened at Rs. 518.05, reaching a high and low of Rs. 518.05 and Rs. 487.00, respectively. A total of 93,115 shares have been traded so far.

This BSE group 'A' stock, with a face value of Rs. 2, hit a 52-week high of Rs. 574.50 on May 27, 2024, and a 52-week low of Rs. 310.05 on November 9, 2023. The stock's high and low for the past week stood at Rs. 518.05 and Rs. 462.45, respectively. The company's current market capitalization is Rs. 12,572.98 crore.

Promoter holding in PNC Infratech is at 56.07%, while institutions hold 37.19%, and non-institutions hold 6.74%.

For the first quarter ending June 30, 2024, PNC Infratech reported a more than two-fold increase in net profit, reaching Rs. 421.09 crore, compared to Rs. 156.59 crore in the same quarter of the previous year. However, total income decreased by 6.21% to Rs. 1,753.05 crore for Q1FY25, down from Rs. 1,869.20 crore in the corresponding quarter of the previous year.

On a consolidated basis, the company's net profit surged over three-fold to Rs. 575.17 crore for the quarter ending June 30, 2024, compared to Rs. 180.62 crore in the same period last year. Total income increased by 4.08% to Rs. 2,197.82 crore for Q1FY25, up from Rs. 2,111.72 crore in the corresponding quarter of the previous year.