PNC Infratech net profit declines in the September 2020 quarter; stock ends lower

The sales also fell by 6.90% to Rs1,248.46cr in the quarter ended September 2020 as against Rs1,340.95cr during the previous quarter ended September 2019.

November 02, 2020 5:16 IST India Infoline News Service

Shares of PNC Infratech ended lower on the BSE after Q2 numbers. The company posted a net profit of Rs78.66cr, declined by 63.26% in the quarter ended September 2020 as against Rs214.08cr during the previous quarter ended September 2019.

The sales also fell by 6.90% to Rs1,248.46cr in the quarter ended September 2020 as against Rs1,340.95cr during the previous quarter ended September 2019.

The stock ended at Rs165.20 down by Rs6.35 or 3.7% from its previous closing of Rs171.55 on the BSE.

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