PNC Infratech announced that Care Ratings has revised credit rating on the Long Term Bank Facilities (Rs 337.59 crore) of Subsidiary, PNC Rajasthan Highways from CARE A; Stable to CARE A+; Stable.

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PNC Infratech has received credit ratings from CARE for long term bank facilities of two subsidiaries as under:

PNC Chitradurga Highways - CARE A; Stable (revised from CARE A-; Stable)

PNC Khajuraho Highways - CARE A; Stable (revised from CARE A-; Stable)

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PNC Infratech announced that the Board of Directors of the Company at its meeting held on 25 June 2021, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Net profit of PNC Infratech rose 66.35% to Rs 150.36 crore in the quarter ended March 2021 as against Rs 90.39 crore during the previous quarter ended March 2020. Sales rose 38.43% to Rs 1864.27 crore in the quarter ended March 2021 as against Rs 1346.70 crore during the previous quarter ended March 2020.

For the full year,net profit declined 9.63% to Rs 496.90 crore in the year ended March 2021 as against Rs 549.88 crore during the previous year ended March 2020. Sales rose 3.30% to Rs 5787.57 crore in the year ended March 2021 as against Rs 5602.57 crore during the previous year ended March 2020.

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