Realty stock engaged in providing EPC services and many more jumped 4 percent after it accepted one one-time settlement of Rs. 255.40 Crores and Rs. 394.84 Crores from the National Highways Authority of India summing up to Rs. 650.24 Crores
At 2:21 p.m. the shares of PNC Infratech Limited were trading at Rs. 346.40, up 2.08 percent from its previous day’s close price of Rs. 339.35 and its market capitalization is Rs. 8,900 Crores.
PNC Infratech Limited has accepted Rs. 255.40 Crores and Rs. 394.84 Crores from the National Highway Authority of India(NHAI) as a one-time settlement regarding eligible disputes filed by PNC Infratech against NHAI. The above settlements were regarding some projects offered to them by NHAI.
As of Q2FY24, it has an order book of Rs. 17,800 Crores. It generated 68 percent of its revenue from Roads, 21 percent from works related to water, and 11 percent from Toll/annuity.
It has reported a return on equity (ROE) of 16.64 percent and a return on capital employed (ROCE) of 15.05 percent, it is making good returns on its equity and capital employed.
Its revenue from operations grew 12.48 percent from Rs. 7,021.69 Crores in FY22 to Rs. 7,898.28 Crores in FY23, accompanied by increasing profits of Rs. 580.18 Crores to Rs. 658.45 Crores.
PNC Infratech Limited provides infrastructure implementation solutions that include engineering, procurement, and construction (“EPC”) services and it executes O&M services on a fixed-sum turnkey basis.
Written by: Bharath K.S
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