HG Infra Engineering Ltd shares were up 6% in the afternoon of May 11, a day after a robust set of figures for the Q3FY22-23 was released.

On a consolidated quarter basis, the company posted net sales of Rs 1,535.43 crore for the March quarter, up 44.21% from Rs 1,064.69 crore in the same period last year.

Net profit rose 64.43% to Rs 170.93 crore from Rs 103.95 crore a year earlier. EBITDA stood at Rs 303.74 crore, up 55.72% from Rs 195.06 crore in Q3FY22. HG Infra Engineering’s earnings per share rose to Rs 26.23 from Rs 15.95 a year earlier.

On a standalone quarterly basis, HG Infra reported net sales of Rs 1,469.62 crore, up 43.25% from Rs 1,025.93 crore in the same period last year.

Quarterly net profit stood at Rs 147.69 crore, up 62.1% from Rs 91.11 crore. EBITDA for March 2023 stood at Rs 245.48 crore, an increase of 53.93% from Rs 159.48 crore in March 2022.

The stock was trading at Rs 968 on the NSE at 12:16 pm, up 6%.

The stock has returned 184% over the past five years, outperforming the benchmark Nifty, which has returned 69.30%.