HG Infra Q2 Profit Falls 52.1% as Revenue Drops 23.5%
HG Infra Engineering reported September-quarter net profit of ₹32.1 crore, down 52.1% year on year, while revenue fell 23.5% to ₹883.2 crore. Its margin contracted to 12%.
HG Infra Engineering reported its September quarter results on Tuesday, November 3, with the net profit declining 52.1% year-on-year to ₹32.1 crore from ₹67 crore a year ago.The company's revenue declined 23.5% to ₹883.2 crore from ₹1,154 crore in the corresponding quarter last year.Earnings Before…