PNC Infra stock at lower circuit after Q3FY22 consolidated PAT declines near 53% yoy

14 Feb 2022 , 01:48 PM

PNC Infratech Ltd. reports consolidated revenue of Rs1,722 crore for the quarter ended December 2021 as against Rs1,582 crore for the previous corresponding quarter, reflecting a growth of 8.85% yoy. Revenue for the 9M ended December 2021, on a standalone basis, was reported at Rs4,982 crore as compared to Rs3,923 crore.

PNC infra logged consolidated PAT for Q3FY22 at Rs83 crore as against Rs176 crore for Q3FY21, down by 52.84% yoy. Its standalone PAT stood at Rs81 crore against Rs103 crore for the previous corresponding quarter, down by 21.36% yoy.

Consolidated PAT for the 9M ended December 2021 stood at Rs310 crore against Rs233 crore for the period ended December 2020, up by 33.05% yoy.

Standalone EBITDA for Q3FY22 was Rs165 crore against Rs179 crore for Q3FY21, and consolidated EBITDA stood at Rs325 crore against Rs407 crore for corresponding 9M period. EBIDTA for the current 9M period stood at Rs1054 crore against Rs998 crore, up by 5.61% yoy.

PNC Infra was trading at Rs276.15 on NSE against its previous closing price of Rs290.40, down by Rs14.25 or 4.91%.