Infrastructure company HG Infra Engineering Ltd on Wednesday (August 13) reported a 39.2% year-on-year decline in net profit at ₹98.8 crore for the first quarter of the current fiscal, down from ₹162.5 crore in Q1FY25.
Revenue from operations dipped 3% to ₹1,482 crore against ₹1,528 crore year-on-year.
At the operating level, EBITDA fell 17.5% to ₹260 crore in this quarter over ₹315.7 crore a year ago. The EBITDA margin was 300 bps lower at 17.5% versus 20.6% in the corresponding period of the previous fiscal.
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Rajasthan-based HG Infra Engineering offers infrastructure construction services. The company is into highways, roads, bridges, runways, and civil construction, as well as land development, water pipelines, rehabilitation, and upgradation services.
The results came after the close of the market hours. Shares of HG Infra Engineering Ltd ended at ₹994, up by ₹4.65 or 0.47%, on the BSE today (August 13).
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