PNC Infra spurts 11% as Q1 net more than doubled
The infrastructure company said net sales jumped 18.6 per cent for the quarter to Rs 515 crore from Rs 434.39 crore in the same quarter last year.
By ET Online | Updated:
NEW DELHI: Shares of PNC Infra saw over 11 per cent spurt in Thursday’s trade after the company said its net profit zoomed 145.60 per cent YoY to Rs 64 crore in June quarter. The company had reported a net profit of Rs 153.73 crore for the year-ago quarter.
Following the results, the stock rose 11.44 per cent to hit a high of Rs 134.90 on BSE. The infrastructure company said net sales jumped 18.6 per cent for the quarter to Rs 515 crore from Rs 434.39 crore in the same quarter last year.
Profit after tax (PAT) margins expanded to 12.43 per cent from 6 per cent in the year-ago quarter.
Here’s a look at the company’s financials in details:
Following the results, the stock rose 11.44 per cent to hit a high of Rs 134.90 on BSE. The infrastructure company said net sales jumped 18.6 per cent for the quarter to Rs 515 crore from Rs 434.39 crore in the same quarter last year.
Profit after tax (PAT) margins expanded to 12.43 per cent from 6 per cent in the year-ago quarter.
Here’s a look at the company’s financials in details:
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