PNC Infratech Ltd saw its shares dip more than 6% in early trading on Wednesday, November 13, following a sharp decline in its Q2 FY25 financial performance.
The company reported a 43.6% year-on-year drop in net profit to ₹83.5 crore, down from ₹148 crore in the same period last year. Revenue from operations decreased by 25.3%, totaling ₹1,427 crore compared to ₹1,911.4 crore in Q2 FY24.
Operating earnings (EBITDA) also took a hit, declining 10.9% to ₹356.4 crore from ₹399.8 crore last year.
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