PNC Infratech Ltd's Q2FY19 standalone net profit rises 110.8% yoy to Rs35.10cr : In-line with Estimates

The company’s standalone revenue stood at Rs559cr, up 107.81% yoy.

Nov 14, 2018 04:11 IST India Infoline Research Team

PNC Infratech Ltd Q2FY19

Standalone Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 559 107.8
EBITDA 75 87.5
EBITDA Margin (%) 13.4 [145]
Net Profit  35.10 110.8
***EBITDA margin change is bps

PNC Infratech Ltd reported Q2FY19 results almost in-line with the estimates. Revenue grew by 107.8% yoy to Rs559cr against Rs269cr in Q2FY18, almost in-line with the estimate of Rs568cr. EBITDA for the quarter grew by 87.5% yoy to Rs75cr against Rs40cr. EBITDA margin declined by 145bps yoy to 13.4%. Net profit for the quarter grew by 110.8% yoy to Rs35.1cr against Rs16.65cr in corresponding quarter last year, almost in-line with the estimate of Rs41cr.

Technical View:

PNC Infratech Ltd is currently trading at Rs. 147, down by 1 points or 0.68% from its previous closing of Rs. 148 on the BSE.
The scrip opened at Rs. 147.85 and has touched a high and low of Rs. 147.85 and Rs. 145 respectively. So far 51,856 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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