PNC Infratech rises after strong Q1 earnings

The construction company's consolidated net profit jumped 51.8% to Rs 178.51 crore on 66.4% surge in net sales to Rs 1,524.52 crore in Q1 June 2019 compared with Q1 June 2018.

Shares of PNC Infratech rose 1.59% to Rs 204.15. The result was announced on Saturday, 10 August 2019.

The firm's consolidated EBITDA rose 24.91% to Rs 351 crore in Q1 June 2019 as against Q1 June 2018.

Meanwhile, S&P BSE Sensex was down 59.97 points or 0.16% at 37,521.94.

On BSE, 6,112 shares were traded in PNC Infratech counter, compared to a 2-week average of 6,127 shares. The stock hit an intraday high of Rs 209.20 and an intraday low of Rs 202.85. It hit a 52-week high of Rs 219.40 on 3 July 2019 and a 52-week low of Rs 122.70 on 1 October 2018.

PNC Infratech is an infrastructure construction, development and management company. The company is primarily engaged in the areas of infrastructure projects, including highways, bridges, flyovers, power transmission lines, airport runways and other infrastructure activities.

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