PNC Infratech January-March Profit Falls As Revenue Declines Nearly 40%

PNC Infratech Ltd.'s net profit for the March quarter dropped 69.9% on year to ₹1.21 billion as revenue from operations slumped 39.6% to ₹14.15 billion. However, on a sequential basis, net profit rose 46.4% and revenue grew 17.4%.

The company's bottom line was broadly in line with market expectations. Analysts had projected a profit of around ₹1.22 billion.
Other income for the quarter rose to ₹288.61 million from ₹100.14 million a year ago.

Total expenditure, including finance cost, declined to ₹12.88 billion from ₹18.17 billion a year earlier. Finance cost nearly doubled, rising 96.1% on year to ₹265.68 million.

Tax outgo for the quarter fell to ₹348.38 million from ₹1.33 billion in the year-ago period.

For 2024–25, net profit fell 17% to ₹7.06 billion while revenue declined 28.4% to ₹55.13 billion.

The board has recommended a final dividend of ₹0.60 per share for the year.