Buy PNC Infratech, target price Rs 565: JM Financial

JM Financial has buy call on PNC Infratech with a target price of Rs 565. The current market price of PNC Infratech Ltd. is Rs 486.9.

PNC Infratech Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 12508.85 Crore) operating in Infrastructure sector.

PNC Infratech Ltd. key Products/Revenue Segments include Contract Revenue, Material and Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 2197.82 Crore, down -16.25 % from last quarter Total Income of Rs 2624.15 Crore and up 4.08 % from last year same quarter Total Income of Rs 2111.72 Crore. Company reported net profit after tax of Rs 575.17 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 56.07 per cent stake in the company as of 30-Jun-2024, while FIIs owned 10.83 per cent, DIIs 26.36 per cent.