HG Infra Engineering Ltd saw a 3% rise in its stock price after announcing its Q3 results, highlighting strong profitability and margin expansion despite a revenue decline. As of 9:21 AM, the shares were trading 2.84% higher at Rs 1,283.35.
The company reported a 12.8% year-on-year (YoY) growth in net profit, reaching ₹115 crore for the December quarter, up from ₹102 crore in the same period last year. EBITDA also surged 25.7% YoY to ₹286.9 crore, compared to ₹228.3 crore in Q3FY23, reflecting robust operational efficiency. Notably, EBITDA margins expanded significantly to 22.7%, a sharp increase from 16.7% in the prior year.
However, revenue declined 7.3% YoY, coming in at ₹1,264.8 crore compared to ₹1,364.5 crore in Q3FY23. Despite this drop, the company’s ability to enhance profitability and improve margins showcases its strong financial management.
HG Infra’s stock opened at ₹1,252.35, reaching a high of ₹1,295.75 and a low of ₹1,252.00. The stock’s 52-week range stands between ₹855.05 and ₹1,879.90.
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