PNC Infratech Q1 net doubles to Rs 54 cr

PNC Infratech more than doubled its consolidated net profit for the quarter ended June 30, to Rs 54.20 crore.
The company's net profit in the year-ago period was Rs 22.13 crore, it said in a regulatory filing to the BSE today.
Consolidated total income remained almost stagnant at Rs 684.44 crore during the quarter under review. The company had reported a total income of Rs 686.68 crore during the corresponding period a year ago.
Its total expenses declined to Rs 610.81 crore during the quarter as against Rs 650.31 crore in the corresponding quarter a year ago.
PNC Infratech is an infrastructure, construction, development and management company with expertise in execution of major infrastructure projects, including highways, bridges, flyovers and airport runways.

The shares of the company closed at Rs 121.05 apiece on the BSE, up 2.32 per cent from the previous close.