Quarterly Result: PNC Infratech Ltd
Bhagyashree Vivarekar / 08 Dec 2016
PNC Infratech Ltd., ended at Rs. 112.2, up by 1.4 points or 1.26% from its earlier closing of Rs. 110.8 on the BSE. The company's net profit has surged 8.3% yoy to Rs 160 cr.
Technical View:
PNC Infratech Ltd., ended at Rs. 112.2, up by 1.4 points or 1.26% from its earlier closing of Rs. 110.8 on the BSE.
The scrip touched a high and low of Rs. 114 and Rs. 108 respectively, after opening at 111.35. Altogether 103729(NSE+BSE) shares have been traded on the counter so far; and the stock is trading above its 50 DMA.
Consolidated Results Q2FY17:
PNC Infratech Ltd.'s consolidated Q2FY17 numbers have beaten street estimates. Revenue is in-conjunction with our estimate of Rs 510 cr. EBITDA margin is greater by 2035 bps from the estimate of 13%. Net profit is 173% greater than the estimated figure of Rs 59 cr.
The quarter's revenue has depleted 24.6% yoy to Rs 509 cr.
PNC's EBITDA has soared by 9.8% yoy to Rs 170 cr; while EBITDA margins have expanded by 1046 bps yoy to 33.4%, triggered by 60.5% yoy decline in other expenses.
The company's net profit has surged 8.3% yoy to Rs 160 cr.
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