Shares of HG Infra Engineering fell nearly 3% in Thursday’s trade after the company reported a sharp drop in its first-quarter profit, weighed down by lower margins.
In Q1 FY26, the company posted a net profit of Rs 99.34 crore, down 39% year-on-year from Rs 163.05 crore in the same period last fiscal. Revenue from operations came in at Rs 1,193.72 crore, a decline from Rs 1,325.05 crore last year.
The contraction in profitability was primarily driven by a dip in operating margins. EBITDA for the quarter stood at Rs 147.14 crore, compared to Rs 211.14 crore a year ago, while the EBITDA margin dropped to 12.3% from 15.9% in the corresponding quarter of the previous fiscal.
As of 2:30 PM, HG Infra shares were trading at Rs 1,015.50 on the NSE, down 2.9% from the previous close, with an intraday low of Rs 1,007.
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