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PNC Infratech zooms on reporting over 3-fold jump in Q1 consolidated net profit
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PNC Infratech is currently trading at Rs. 489.50, up by 23.10 points or 4.95% from its previous closing of Rs. 466.40 on the BSE.
The scrip opened at Rs. 518.05 and has touched a high and low of Rs. 518.05 and Rs. 487.00 respectively. So far 93115 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 574.50 on 27-May-2024 and a 52 week low of Rs. 310.05 on 09-Nov-2023.
Last one week high and low of the scrip stood at Rs. 518.05 and Rs. 462.45 respectively. The current market cap of the company is Rs. 12572.98 crore.
The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 37.19% and 6.74% respectively.
PNC Infratech has reported over 2-fold jump in net profit at Rs 421.09 crore for first quarter ended June 30, 2024 as compared to Rs 156.59 crore for the same quarter in the previous year. However, total income of the company decreased by 6.21% at Rs 1753.05 crore for Q1FY25 as compared to Rs 1869.20 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 3-fold jump in its net profit at Rs 575.17 crore for the quarter ended June 30, 2024 as compared to Rs 180.62 crore for the same quarter in the previous year. Total income of the company increased by 4.08% at Rs 2197.82 crore for Q1FY25 as compared to Rs 2111.72 crore for the corresponding quarter previous year.
