The shares of the front-end infrastructure developer gained up to 3 percent after the company declared a lower bidder for the highway cum bridge project worth Rs 380 crore.
With a market capitalization of Rs 11,849.54 crore, the shares of PNC Infratech Ltd were trading at Rs 461.90 per share, increasing around 1 percent as compared to the previous closing price of Rs 458.35 apiece.
Reason for Rise:-
Today the company shares have seen positive movement after PNC Infratech Ltd declared a lower bidder from NHAI for the highway cum bridge project which includes the construction of an additional 3-Lane Bridge over River Ganga for connection between Buxar and Bharauli on NH-922 in the State of Uttar Pradesh and Bihar on Hybrid Annuity Mode (HAN). The project is valued at Rs 380 crore.
Financial performance:-
Looking forward to a company’s financial performance, revenue zoomed by 4 percent from Rs 2,092 crore in Q1FY24 to Rs 2,168 crore in Q1FY25, during the same time frame, the company’s net profit zoomed significantly by 217 percent from Rs 181 crore to Rs 575 crore.
Revenue Segment:-
The company generates most of its revenue from road projects, accounting for 69%, followed by water projects at 21%, and toll projects contributing 10%.
Order book & clients:-
In June 2024, PNC Infratech had an order book of Rs 14,100 crore, with the Road Highway, Road Expressway, and Canal EPC projects accounting for 82% of the total. The corporation completed 88 large infrastructure projects throughout 13 states, including 64 EPC projects and 24 ongoing projects.
The company has a prominent clientele base that includes Rites, MSRDC, NHAI, MPRDC, Uttar Pradesh Power Corporation Ltd, and many more.
Company Snapshot:-
PNC Infratech Limited is an Indian infrastructure building, development, and management firm. The company’s primary focus is on infrastructure projects such as roads, bridges, flyovers, electricity transmission lines, airport runways, and other infrastructure operations.
Written by:- Abhishek Singh
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