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 News

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 News

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 News

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

PNC Infratech announced that Care Ratings has reaffirmed credit rating on the Long- Term Bank Facilities of its subsidiaries as follows:Hardoi Highways (Rs 443 crore) - CARE A; Stable Akkalkot Highways (Rs 811.50 crore) - CARE A; Stable Sonauli Gorakhpur Highways (Rs 757 crore) - CARE A; Stable Powered by Capital Market - Live News