PNC Infratech rose 4.41% to Rs 171.65 at 11:45 IST on BSE after net profit jumped 230.53% to Rs 111.52 crore on 111.97% surge in total income to Rs 765.52 crore in Q4 March 2018 over Q4 March 2017.
The result was announced after market hours yesterday, 23 May 2018.Meanwhile, the S&P BSE Sensex was up 167.67 points, or 0.49% to 34,512.58.
On the BSE, 28,000 shares were traded in the counter so far, compared with average daily volumes of 14,000 shares in the past two weeks. The stock had hit a high of Rs 178 and a low of Rs 170.80 so far during the day. The stock had hit a record high of Rs 228.40 on 26 December 2017. The stock had hit a 52-week low of Rs 130 on 12 November 2017.
PNC Infratech's earnings before interest, taxation, depreciation and amortization (EBITDA) jumped 242.55% to Rs 161 crore in Q4 March 2018 over Q4 March 2017. EBITDA margin rose to 21% in Q4 March 2018 from 13.5% in Q4 March 2017.
PNC Infratech is an infrastructure construction, development and management company, with expertise in execution of major projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities.
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