HG Infra Engineering's net profit falls 49% to Rs 19 cr for Q1Fy21

New Delhi: HG Infra Engineering Ltd’s consolidated net profit declined 49 percent to Rs 19 crore for the first quarter of the current fiscal as compared to Rs 37 crore in the corresponding quarter of the previous fiscal.

The consolidated revenues from operations fell 22 percent to Rs 311 crore for the first quarter of the current fiscal as compared to Rs 532 crore in the corresponding quarter of the previous fiscal. 

The consolidated total expenses of the company declined to Rs 288 crore for the first quarter of the current fiscal as compared to Rs 478 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

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