PNC Infratech Q2 FY25 Earnings: 44% Profit Drop, Revenue Falls 25% in Q2

On November 12, infrastructure firm PNC Infratech Ltd announced a 43.6% decrease in its net profit for the second quarter of FY25, ending September 30, 2024. Net profit for the quarter stood at ₹83.5 crore, compared to ₹148 crore in the same period last year, as per the company’s regulatory filing.

Revenue Falls by 25.3%

PNC Infratech’s revenue from operations dropped by 25.3% YoY to ₹1,427 crore, down from ₹1,911.4 crore in Q2 of FY24. This decline reflects a slowdown in business activity during the period.

Operating Performance and EBITDA

The company’s operating profit, measured by EBITDA (earnings before interest, tax, depreciation, and amortization), decreased by 10.9% to ₹356.4 crore, compared to ₹399.8 crore in the previous year. However, the EBITDA margin improved to 25% in Q2 FY25, up from 20.9% in the year-ago quarter.

Standalone Financials for Q2 FY25

For its standalone performance, PNC Infratech reported:

• Revenue of ₹1,149 crore
• EBITDA of ₹134 crore
• Profit after tax (PAT) of ₹81 crore

First-Half FY25 Results

In the first half of FY25, PNC Infratech’s revenue totalled ₹2,894 crore, while EBITDA reached ₹727 crore, and PAT amounted to ₹502 crore.

On November 13, 2024, PNC Infratech share price opened at ₹303.95, touching the day’s low of ₹295.55 as of 11:13 AM on NSE.

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