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HG Infra Engineering soars 19% on robust March quarter results

The company said the strict discipline in selecting and executing orders were translating into robust margins and return profile

highways, nhai, roads, construction, transport
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SI Reporter Mumbai
Shares of HG Infra Engineering soared 19 per cent to Rs 346.40, also its 52-week high, on the BSE in intra-day trade on Friday, after the company reported a robust set of numbers for the quarter ended March 2021 (Q4FY21), with standalone profit after tax jumping 91 per cent year-on-year (YoY) to Rs 97.70 crore on the back of strong revenue. The construction & engineering company had logged a profit of Rs 51.3 crore in Q4FY20. The stock was trading close to its record high of Rs 356, touched on April 23, 2018.

The company’s revenue during the quarter

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