PNC Infratech: Order book, monetisation of HAM projects to unlock value

The company would be requiring around Rs 1,000 crore equity requirement for its HAM projects over the next three years, which would be met from internal accruals

Roads and highways developer PNC Infratech posted a 46 per cent drop in consolidated net profit to Rs 95 crore as its sales in the April-June quarter declined 28 per cent to Rs 1,092 crore compared to last year.

Consolidated profit before tax slipped 46 per cent YoY to Rs 125.88 crore in Q1FY21, while total tax expense fell 47 per cent to Rs 31.09 crore in during the period under review. Consolidated EBITDA tumbled 18 per cent to Rs 287 crore in Q1FY21, EBITDA margin improved to 26.25% in Q1 June 2020 from 23% in Q1 June 2019. 

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