News Overview

The company's revenue from operations declined 12.5% to ₹2,038.2 Crore, compared to ₹2,329.3 Crore the previous year.

EBITDA decreased by 10.2% to ₹783.4 Crore in the second quarter of this fiscal year, from ₹872.4 Crore in Q2 of FY24.

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In the second quarter of this fiscal year, EBITDA increased by 16.4% to ₹1,385.7 Crore, up from ₹1,191 Crore in the same period last year.

The PSU oil giant's revenue for Q2 was ₹33,881 Crore, down 4% from ₹35,266 Crore in the previous quarter.

In the second quarter of this fiscal, EBITDA increased by 25.4% to ₹151.9 Crore from ₹121 Crore in the previous quarter.

In August of this year, HG Infra Engineering was announced the lowest bidder (L1) for a road upgrade project in Gujarat.

The company's EBITDA margins also fell, to 13.9% from 15.6% a year ago, showing persistent challenges on operating efficiency and cost control.

The contract involves the supply of electronic assemblies to Lockheed Martin, with the full execution of the order to be completed within 12 months.

Revenue from operations saw a notable growth of 12.3%, reaching ₹1,988.4 Crore, compared to ₹1,770 Crore YoY.