Infrastructure is the soul of any economy, without which no economy grows and prospers. India has been always prudent with its infrastructure growth and in this fiscal, it has a target of achieving infrastructure growth worth $ trillion. It was also estimated that around $1727.05 billion will be invested into infrastructure from 2023 to 2030. India has been on its way to achieving the target and the companies fuelling the growth are on the list of companies’ quarterly results today which we will cover here for the Infra sector Q3 results.
- Ircon International: This infra giant which mainly supplies to the railways has seen a tough third quarter with its profits going down by 62% while the revenue dipped by 9% during the quarter. For Q3FY25, the revenue stood at ₹2613 crore down from Q3FY24’s ₹2884 crore. Similarly, the Net profit tanked from ₹208 crore in Q3FY24 to ₹79 crore in this Oct-Dec quarter.
- Ceigall India: This infrastructure company witnessed an 8% jump in its revenue from ₹745 crore to ₹810 crore in the previous quarter however, its gross and net profit tanked by 9% individually.
- JSW Infra: This infrastructure firm witnessed a positive third quarter in FY25 when its revenue jumped from ₹940 crore to ₹1182 crore YoY. With this 25% rise in revenue, the company churned out a 20% increase in gross profit during the period and 32% in the net profit.
- Ramky Infra: This infra firm witnessed a 4% rise in revenue from ₹441 crore in Q3FY24 to ₹459 crore in Q3FY25. From this 4% rise in revenue, the company churned out 57% profit (net). The gross profit also went up by 18% that is from ₹65 crore in the previous year’s corresponding quarter to ₹77 crore in this third quarter ended on December 31, 2024.
- Power Mech: The revenue surged by 20% from ₹ 1107 crore to ₹1138 crore YoY basis as per the q3 results. The gross profit jumped by 12% from ₹122 crore to ₹137 crore and the net profit jumped 36% from ₹63 crore to ₹86 crore.
- Bharat Road Net: This infra giant witnessed a significant drop in its gross profit that is by 175% but surprisingly enough its net profit surged massively by 1740% YoY in this December quarter. Even the revenue of the firm tanked by 50% during the quarter.
- HEC Infra: This company witnessed a 200% rise in gross profit but the net profit tanked by 75%. The third quarter for this firm was quite interesting as the revenue the firm generated during this period witnessed a hike of 64% but even then, the net profit went down the ladder.
- OM Infra: This firm had a slow third quarter when its revenue tanked by 51% YoY and its net profit by 16%. In Q3FY24 the revenue was at ₹272 crore, while in this Oct-Dec quarter, the revenue stood at ₹133 crore.
- K.P. Energy: This infrastructure company witnessed a great third quarter when its revenue jumped by 158% from ₹83 crore in Q3FY24 to ₹212 crore in Q3FY25. The gross profit rose by 166% and the Net profit jumped 200% from ₹9 crore in the previous year to ₹27 crore this year.
- Man Infra: While the revenue of this firm didn’t change and remained at ₹242 crore like it was in the corresponding quarter last year, the Net profit surged 73% during the period.
Wrapping up
So, as per the infrastructure companies’ Q3 results given above, the infra sector witnessed mixed q3 results owing to a slowdown in capex investment and other macroeconomic factors but with the latest budget in place, the sector eyes new projects that can boost the sector further and push the economy forward.
Source: MoneyControl
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