News Details

( As on 27/01/2021 13:20)

HG Infra Engineering Q3 net profit jumps 57.88% at Rs 65.55 cr

The company reported standalone net profit of Rs 65.55 crore for the quarter ended December 31, 2020 as compared to Rs 41.52 crore in the same period last year, registering a year-on-year growth of 57.88 per cent.

Net revenue of the company rose substantially by 28.16 per cent at Rs 734.35 crore in October-December quarter of this fiscal as against Rs 572.98 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 27.10 per cent to Rs 616.23 crore from Rs 484.83 crore in year ago period.

Other Income dipped by 11.11 per cent at Rs 3.44 crore versus (Dec'19 Rs 3.87 crore).

Operating Profit surged by 33.98 per cent to Rs 118.12 crore as against Rs 88.16 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4.48 per cent in December quarter.

Interest grew by 6.68 per cent y-o-y to Rs 14.37 crore, while Taxation increased by 11.74 per cent at Rs 20.08 crore (Dec'19 Rs 17.97 crore).