PNC Infratech Limited has released its financial results for the third quarter ended December 31, 2024, showing a decline in profitability despite steady revenue growth. The financial performance reflects cost pressures impacting overall margins.
Key Financial Highlights (Q3 FY25):
- Revenue from Operations: ₹1,470.01 crore, down 28.2% from ₹2,046.3 crore in Q3 FY24. The decline was due to a slowdown in infrastructure project execution.
- Net Profit: ₹81.3 crore, down 56% YoY from ₹184.9 crore in Q3 FY24. The drop in profitability is primarily attributed to increased costs and higher tax expenses.
- EBITDA: Margins were adversely impacted by increased employee and material costs.
Detailed Analysis of Expenses:
- Total Expenses: ₹1,388.7 crore, compared to ₹1,826.7 crore YoY. Key expense drivers included:
- Materials and Contract Costs: ₹900.7 crore, reduced from ₹1,356.2 crore in Q3 FY24.
- Employee Benefits: ₹94.9 crore, indicating continued investment in project manpower.
- Tax Expense: Tax charges stood at ₹42.2 crore, contributing to the profit decline.
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PNC Infratech