PNC Infratech has received Letter of Award (LOA) on 24 June 2020 for a NHAI Project of 53.95 km long Four-laning of Meerut -Nazibabad section of NH-119 (New NH-34) from design chainage Km 11+500 (Meerut) to39.250 (Behsuma) and from km 79.500 (Bijnor) to 105.700 (Jalalabad), in the state of Uttar Pradesh under Bharatmala Pariyojana on Hybrid Annuity Mode (HAM) for Rs. 1412.0 crore. The price bids were opened on 13 May 2020, with PNC's bid being the lowest (L1).

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Net profit of PNC Infratech declined 46.49% to Rs 90.39 crore in the quarter ended March 2020 as against Rs 168.93 crore during the previous quarter ended March 2019. Sales rose 6.00% to Rs 1346.70 crore in the quarter ended March 2020 as against Rs 1270.42 crore during the previous quarter ended March 2019.

For the full year,net profit rose 56.50% to Rs 549.88 crore in the year ended March 2020 as against Rs 351.36 crore during the previous year ended March 2019. Sales rose 48.44% to Rs 5602.57 crore in the year ended March 2020 as against Rs 3774.36 crore during the previous year ended March 2019.

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Net profit of PNC Infratech declined 45.63% to Rs 76.08 crore in the quarter ended March 2020 as against Rs 139.93 crore during the previous quarter ended March 2019. Sales rose 7.65% to Rs 1157.95 crore in the quarter ended March 2020 as against Rs 1075.71 crore during the previous quarter ended March 2019.

For the full year,net profit rose 41.67% to Rs 460.30 crore in the year ended March 2020 as against Rs 324.91 crore during the previous year ended March 2019. Sales rose 57.51% to Rs 4877.93 crore in the year ended March 2020 as against Rs 3096.87 crore during the previous year ended March 2019.

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PNC Infratech will hold a meeting of the Board of Directors of the Company on 24 June 2020.

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