The shares of the front-end infrastructure developer gained up to 7 percent after the company came up as the lowest bidder for the EPC project which is valued at Rs 2,090.59 crore.
With a market capitalization of Rs 11,463.45 crore, the shares of PNC Infratech Ltd were trading at Rs 446.85 per share, increasing around 4.08 percent as compared to the previous closing price of Rs 428.85 apiece.
Reason for Rise:-
The shares of the company have seen positive movement after PNC Infratech Ltd came up as the lowest bidder for Integrated Infrastructure Development of 20M & above wide Roads, Construction of Various Major & Minor Structures, and Allied Electrical Works in TPS -8, 9, and TPS-12 under NAINA Project form City & Industrial Development Corporation of Maharashtra Ltd. The order is valued at Rs 2,090.59 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%.
Industry overview & Gov. Initiative:-
India’s roads and highway sector saw muted progress in Q1 FY25, with only 1,934 km of highways constructed, a drop from 2,250 km last year. Contributing factors included delays from general elections, monsoon onset, and land acquisition issues, slowing project execution.
Despite the slowdown, the FY25 budget reflects the government’s strong commitment to infrastructure development. The NHAI received ₹1.68 lakh crore, with the highway sector outlay at ₹2.78 lakh crore. The government also approved eight High-Speed Road Corridors and introduced satellite-based toll collection for efficiency.
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 account for 82% of the total. The corporation completed 88 large infrastructure projects throughout 13 states, including 64 EPC projects and 24 ongoing projects.
In Q1 FY25, the company received ₹515 crore from NHAI under the Vivad Se Vishwas II scheme, with ₹117 crore for PNC Raebareli and ₹398 crore for PNC Kanpur. Additionally, it
earned a ₹56 crore early completion bonus and secured key project extensions and certifications.
The company has a prominent clientele base that includes Rites, MSRDC, NHAI, MPRDC, Uttar Pradesh Power Corporation Ltd, and many more.
Future Outlook:-
The company projects FY26 revenue growth of around 15%, driven by project progress and new appointments. It aims to secure ₹8,000 crore to ₹10,000 crore in new orders for FY25. Additionally, the company is diversifying into the railway sector with ongoing bids for railway projects.
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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