Shares of HG Infra Engineering (HGIEL) hit a new high of Rs 977.15 as they rallied 7 per cent on the BSE in Thursday’s intra-day trade after the company reported a strong 64 per cent year-on-year (YoY) jump in its consolidated profit after tax (PAT) of Rs 171 crore in the January to March quarter (Q4FY23). The civil construction company had posted PAT of Rs 104 crore in Q4FY22.
The company’s consolidated revenue from operations grew 44 per cent YoY to Rs 1,535 crore as against Rs 1,065 crore in the year-ago quarter. Ebitda (earnings before interest, taxes, depreciation, and amortization) margin improved 120 bps to 19.3 per cent from 18.1 per cent.
