H.G. Infra Engineering surges on reporting 64% rise in Q4 consolidated net profit
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H.G. Infra Engineering is currently trading at Rs. 937.10, up by 26.45 points or 2.90% from its previous closing of Rs. 910.65 on the BSE.
The scrip opened at Rs. 956.05 and has touched a high and low of Rs. 962.95 and Rs. 928.00 respectively. So far 14649 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 962.95 on 11-May-2023 and a 52 week low of Rs. 508.55 on 11-May-2022.
Last one week high and low of the scrip stood at Rs. 962.95 and Rs. 888.85 respectively. The current market cap of the company is Rs. 6126.08 crore.
The promoters holding in the company stood at 74.53%, while Institutions and Non-Institutions held 15.35% and 10.12% respectively.
H.G. Infra Engineering has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 62.10% rise in its net profit at Rs 147.69 crore for the quarter under review as compared to Rs 91.11 crore for the same quarter in the previous year. Total income of the company increased by 43.63% at Rs 1,477.36 crore for Q4FY23 as compared to Rs 1,028.59 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 64.43% rise in its net profit at Rs 170.93 crore for fourth quarter ended March 31, 2023 as compared to Rs 103.95 crore for the same quarter in the previous year. Total income of the company increased by 44.50% at Rs 1,542.20 crore for Q4FY23 as compared to Rs 1,067.26 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported rise of 24.39% in its net profit at Rs 421.38 crore as compared to Rs 338.76 crore for the previous year. Total income of the company increased by 22.46% at Rs 4,436.59 crore for year under review as compared to Rs 3,623.00 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 29.77% rise in its net profit at Rs 493.19 crore as compared to Rs 380.04 crore for the previous year. Total income of the company increased by 23.45% at Rs 4,640.24 crore for year under review as compared to Rs 3,758.75 crore for year ended March 31, 2022.
