PNC Infratech announced that Care Ratings has reviewed the long term bank facilities of PNC Aligarh Highways amounting to Rs 430 crore (reduced from Rs 474.38 crore) at CARE AA+ while continuing rating watch with positive implications. Powered by Capital Market - Live

The nature of order entails four laning of NH 530B from Gaju village to Devirragar bypass in the state of Uttar Pradesh on hybrid annuity mode (HAM) (Package- 1C). The bid project cost stood at Rs 738 crore plus price index multiple amount as per the concession agreement. The project's appointed date was 2 January 2023 and scheduled completion date was 31 December 2024. The company achieved 'provisional completion' (PCOD) with effect from 31 October 2024, 2 months ahead of the scheduled completion. Hence, it became eligible for early completion bonus to an extent of Rs 4.43 crore payable to concessionaire by Authority (NHAI) along with 1st annuity. The provisional completion certificate dated 7 December 2024 declaring the project fit for entry into commercial operation with effect from 31 October 2024 has been issued by the independent engineer on 10 December 2024. PNC Infratech is engaged in India's infrastructure development through the construction of highways including BOT (built, operate and transfer projects), HAM (Hybrid Annuity Model), airport runways, bridges, flyovers and power transmission projects, among others. The company reported 43.57% drop in consolidated net profit to Rs 83.46 crore on 25.34% decline in revenue from operations to Rs 1,427.05 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Jupiter Wagons Ltd, UltraTech Cement Ltd, Titagarh Rail Systems Ltd, Latent View Analytics Ltd are among the other stocks to see a surge in volumes on BSE today, 11 December 2024.PNC Infratech Ltd saw volume of 3.95 lakh shares by 10:46 IST on BSE, a 6.49 fold spurt over two-week average daily volume of 60830 shares. The stock increased 11.50% to Rs.346.50. Volumes stood at 57640 shares in the last session.Jupiter Wagons Ltd saw volume of 3.44 lakh shares by 10:46 IST on BSE, a 4.85 fold spurt over two-week average daily volume of 70860 shares. The stock increased 9.02% to Rs.541.95. Volumes stood at 28299 shares in the last session.UltraTech Cement Ltd notched up volume of 30736 shares by 10:46 IST on BSE, a 4.69 fold spurt over two-week average daily volume of 6553 shares. The stock rose 2.25% to Rs.12,010.00. Volumes stood at 2048 shares in the last session.Titagarh Rail Systems Ltd clocked volume of 3.96 lakh shares by 10:46 IST on BSE, a 3.97 times surge over two-week average daily volume of 99876 shares. The stock gained 8.77% to Rs.1,339.55. Volumes stood at 66283 shares in the last session.Latent View Analytics Ltd recorded volume of 1.19 lakh shares by 10:46 IST on BSE, a 3.14 times surge over two-week average daily volume of 38060 shares. The stock gained 3.97% to Rs.514.50. Volumes stood at 85650 shares in the last session.Powered by Capital Market - Live

PNC Infratech announced that CARE Ratings has reviewed credit rating on the long- term bank facilities (Rs 460.92 crore) of PNC Chitradurga Highways (subsidiary of the company) at CARE AA. The ratings continue to on rating watch with developing implications. Powered by Capital Market - Live

Profit before tax was at Rs 149.02 crore in September 2024 quarter, down 31.83% from Rs 218.59 crore posted in the same quarter previous year. EBITDA de-grew 11% year on year (YoY) to Rs 356 crore in the quarter ended 30 September 2024. The company's revenue from road segment stood at Rs 1,010.34 crore (down 22.29% YoY), income from Water segment was at Rs 139.88 crore (down 64.77% YoY) and revenue from Toll/Annuity business came in at Rs 276.83 crore (up 29.29% YoY) during the period under review. On half-yearly basis, the company's consolidated net profit jumped 100.47% to Rs 658.62 crore in H1 FY25 as against Rs 328.53 crore posted in H1 FY24. However, revenue from operations shed 10.2% YoY to Rs 3,594.56 crore in first half of FY25. EBITDA for the half year ended September 2024 was at Rs 1,325 crore, registering a growth of 58.49% on YoY basis. PNC Infratech (PNCIL) is engaged in India's infrastructure development through the construction of highways including BOT (built, operate and transfer projects), airport runways, bridges, flyovers and power transmission projects among others. The Company provides end-to-end infrastructure implementation solutions, including EPC services on a fixed-sum turnkey basis. Powered by Capital Market - Live

Net profit of PNC Infratech declined 43.57% to Rs 83.46 crore in the quarter ended September 2024 as against Rs 147.91 crore during the previous quarter ended September 2023. Sales declined 25.34% to Rs 1427.05 crore in the quarter ended September 2024 as against Rs 1911.38 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1427.051911.38 -25 OPM %24.9820.92 - PBDT188.90259.52 -27 PBT149.02218.59 -32 NP83.46147.91 -44 Powered by Capital Market - Live

PNC Infratech will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

Indiamart Intermesh Ltd, RBL Bank Ltd, Aether Industries Ltd and Tata Consumer Products Ltd are among the other losers in the BSE's 'A' group today, 21 October 2024.PNC Infratech Ltd tumbled 20.00% to Rs 366.7 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.24 lakh shares were traded on the counter so far as against the average daily volumes of 52970 shares in the past one month.Indiamart Intermesh Ltd crashed 17.38% to Rs 2493. The stock was the second biggest loser in 'A' group.On the BSE, 1.39 lakh shares were traded on the counter so far as against the average daily volumes of 12552 shares in the past one month.RBL Bank Ltd lost 13.80% to Rs 177.1. The stock was the third biggest loser in 'A' group.On the BSE, 25.06 lakh shares were traded on the counter so far as against the average daily volumes of 7.58 lakh shares in the past one month.Aether Industries Ltd shed 6.81% to Rs 862.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 11186 shares were traded on the counter so far as against the average daily volumes of 5380 shares in the past one month.Tata Consumer Products Ltd pared 6.74% to Rs 1020.85. The stock was the fifth biggest loser in 'A' group.On the BSE, 3.98 lakh shares were traded on the counter so far as against the average daily volumes of 62357 shares in the past one month.Powered by Capital Market - Live

The Ministry of Road Transport & Highways took this action following a CBI investigation into allegations against the companies. In June and August of this year, the CBI filed a chargesheet and FIR against PNC Infratech, PNC Khajuraho Highways, and PNC Bundelkhand Highways. The companies appeared before the MoRTH on October 18 for a personal hearing regarding these allegations. PNC Infratech has clarified that the disqualification will not impact its ongoing development, construction, operations, and maintenance activities. However, the company is evaluating the potential impact on other activities of its business. PNC Infratech is engaged in India's infrastructure development through the construction of highways including BOT (built, operate and transfer projects), airport runways, bridges, flyovers and power transmission projects among others. The company provides end-to-end infrastructure implementation solutions, including EPC services on a fixed-sum turnkey basis. On a consolidated basis, net profit of PNC Infratech soared 218.44% to Rs 575.17 crore on 3.62% increase in net sales to Rs 2167.51 crore in Q1 June 2024 over Q1 June 2023. Powered by Capital Market - Live

The frontline indices continued to trade with modest losses in early-afternoon trade. The Nifty traded below the 25,000 level after hitting day's high of 25,093.40 in morning trade. IT shares extended losses for the second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 321.56 points or 0.39% to 81,498.56. The Nifty 50 index lost 97.70 points or 0.39% to 24,959.65. In the broader market, the S&P BSE Mid-Cap index fell 0.36% and the S&P BSE Small-Cap index lost 0.17%. The market breadth was negative. On the BSE, 1,772 shares rose and 2,025 shares fell. A total of 136 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 2.99% to 13.39. The Nifty 31 October 2024 futures were trading at 25,002.65, at a premium of 43 points as compared with the spot at 24,959.65. The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 57.6 lakh contracts at the 26,000 strike price. Maximum Put OI of 43.6 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty IT index slipped 1.19% to 42,223.85. The index fell 1.51% in two consecutive trading sessions. Coforge (down 3.61%), LTIMindtree (down 1.47%), Mphasis (down 1.29%), Infosys (down 1.06%), Tech Mahindra (down 1.06%), Tata Consultancy Services (down 0.98%), L&T Technology Services (down 0.75%), Persistent Systems (down 0.68%), HCL Technologies (down 0.48%) and Wipro (down 0.45%) declined. Stocks in Spotlight : PNC Infratech jumped 4.47% after the company received letters of acceptance from the Maharashtra State Road Development Corporation (MSRDC) for road projects on EPC mode aggregating to Rs 4,630 crore. Akums Drugs and Pharmaceuticals rallied 3.04% after the company announced that it has entered into a license & distribution agreement with Triple Hair Inc, a company incorporated in New Brunswick, Canada. KEI Industries tumbled 9.41%. The company reported 10.41% increase in consolidated net profit to Rs 154.81 crore in Q2 FY25 as against Rs 140.21 crore posted in Q2 FY24. Revenue from operations jumped 17.21% year on year (YoY) to Rs 2,279.65 crore in Q2 FY25.Powered by Capital Market - Live