P N Gadgil shares hit 10% upper circuit after Q3 results impress D-Street
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P N Gadgil shares hit their 10% upper circuit in intraday trade, reaching Rs 621.05 on the BSE, after the firm reported its quarterly results for the first time since its listing on the exchanges. The company posted a 49.4% YoY surge in its profit after tax (PAT) for Q3FY25. The PAT stood at Rs 86.03 crore for the three months ending December 2024, compared to Rs 57.60 crore reported in the same period last year. Additionally, P N Gadgil’s revenue from operations rose 23.5% YoY to Rs 2,435.75 crore for the quarter, up from Rs 1,972.16 crore in the corresponding quarter of the previous financial year. The franchise revenue also grew to Rs 226.4 crore, reflecting an 86.6% year-on-year increase for Q3 FY25. On the EBITDA front, the company witnessed a 37.2% YoY increase. The EBITDA for the quarter reached Rs 129.77 crore, compared to Rs 94.58 crore in the same quarter of FY24. The EBITDA margin surged by 50 bps to 5.3%. 'Strong Same-Stor...