Punj Lloyd posts Rs 40-cr profit

Our Bureau New Delhi | Updated on August 03, 2013 Published on August 03, 2013

Punj Lloyd registered a net profit of Rs 40 crore for the quarter ended June 30 in current fiscal against a loss of Rs 13.37 crore in the corresponding period last year. This was supported by an exceptional earning of Rs 48 crore from minority interest. The company registered total income of Rs 3006.11 crore during the quarter, up eight per cent over the previous period. “Margins have been impacted due to financial charges and the depreciating rupee. In the coming months, the group is actively looking at retiring high interest debt,” said the company in a release without any further details. Punj Lloyd has an order backlog of Rs 20,868 crore, added the release. The company’s shares closed at Rs 22.7, down 3.4 per cent.

Published on August 03, 2013
This article is closed for comments.
Please Email the Editor