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Engineering firm Punj Lloyd has reported a net loss of Rs 62.13 crore for the third quarter ended December 31, 2010, against a net profit of Rs 12.48 crore in the October-December quarter last fiscal.
In a filing to the Bombay Stock Exchange, the company said that its net sales fell to Rs 2,093.62 crore during the December quarter under review from Rs 2,901.62 crore in the year-ago period.
“There has been a good inflow of orders during the last six months and the current order backlog of the company is at Rs 27,780 crore. We expect the momentum of order inflows in the energy and infrastructure sectors to continue,” the company Chairman, Mr Atul Punj, said.
Reacting to the weak third quarter numbers, the scrip slipped by 7.24 per cent to a one-month low of Rs 81.30 in the early trade.
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