Shares of PNC Infratech surged by 6% following the announcement of its first-quarter financial results. Here’s a look at the key details:
Key Highlights
- Share Price Increase: As of 10:33 AM, PNC Infratech shares were trading 5.50% higher at ₹491.60.
- Q1 Results: The company released its Q1 results on August 10, 2024, showing a 3.62% increase in topline revenue compared to the same period last year. The profit saw a remarkable rise of 218.44% year-over-year.
Financial Performance
- Revenue and Profit: Compared to the previous quarter, revenue decreased by 16.64%. However, profit increased by 45.28% quarter-over-quarter.
- Expenses and Income: Selling, general, and administrative expenses declined by 13.36% from the previous quarter but rose slightly by 2.12% year-over-year. Operating income grew by 34.16% quarter-over-quarter and 138.75% year-over-year.
- Earnings Per Share (EPS): EPS for Q1 stood at ₹22.42, marking a significant increase of 218.47% compared to the same quarter last year.
Stock Performance
- Recent Returns: Despite a recent negative return of -6.26% over the past week, PNC Infratech has delivered a 4.65% return over the past six months and a 32.18% return year-to-date.
- Market Capitalization: The company’s current market capitalization is ₹11,917.53 crore. Its 52-week high and low are ₹574.80 and ₹310.10, respectively.
