HG Infra Engineering Ltd was trading 6 percent higher in the afternoon on May 11, a day after posting a robust set of number for the March quarter of financial year 2022-23
On consolidated quarterly basis, the company reported net sales at Rs 1,535.43 crore in the March quarter, up 44.21 percent from Rs 1,064.69 crore in the year-ago period.
Net profit was up 64.43 percent at Rs 170.93 crore from Rs 103.95 crore in the year-ago period. Earnings before interest, tax, depreciation and amortization (EBITDA) came in at Rs 303.74 crore, up 55.72 percent from Rs 195.06 crore in March quarter of FY22. HG Infra Engineering EPS increased to Rs 26.23 from Rs 15.95 in the year-ago period.
On standalone quarterly basis, HG Infra has reported net sales at Rs 1,469.62 crore, up 43.25 percent from Rs. 1,025.93 crore in the year-ago period.
Quarterly net profit was reported at Rs 147.69 crore, up 62.1 percent from Rs 91.11 crore. EBITDA was at Rs. 245.48 crore in March 2023 up 53.93 percent from Rs. 159.48 crore in March 2022.
Aman Soni, Head of Operations at Prudent Equity, said the company came out with excellent set of numbers. It reported its lifetime highest sales and PAT in the March quarter, majorly on account of the Rs 4,970-crore Ganga Expressway project in Uttar Pradesh, which was awarded to the company in previous quarter.
"The company is a part of our stock recommendations basket since last 12 months at a price of Rs 586. The company has also managed to diversify its book to other orders from railways as well worth ~Rs 1100 crore during the quarter" Soni said.
Stock performance
At 12.16 pm, the stock was trading at Rs 968 on NSE, up 6 percent.
The stock has given a return of 184 percent over the last 5 years, outperforming the benchmark Nifty, which has given a return of 69.30 percent during the period.
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