Business Daily from THE HINDU group of publications
Monday, Oct 26, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Monday, Oct 26, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Corporate
-
Financial Performance Corporate Results - Engineering Higher expenses trim Punj Lloyd net
Our Bureau
New Delhi, Oct. 25 An increased spending in the quarter ended September 2009 resulted in a 53 per cent decrease in standalone net profits for Punj Lloyd Ltd this quarter. Net profits for the quarter under review stood at almost Rs 42 crore compared to Rs 88 crore in the corresponding quarter last year. Standalone net sales for the quarter under review stood at Rs 1,855 crore, a growth of 17 per cent over Rs 1,583 crore in the corresponding quarter last year. Mr Atul Punj, Chairman, Punj Lloyd Group, said, “We have seen an encouraging order inflow during the first half of FY 2010 under review and the group bagged some prestigious orders during the period. However, margins were adversely impacted owing to cost overruns and consequent losses in a project executed by Simon Carves Ltd, the UK.” The company’s standalone half-yearly net profits for the half year ended September 2009, too went down by 36 per cent at Rs 110 crore compared to Rs 172 crore in the same period last year. Standalone half-yearly net sales for the half year under review stood at Rs 3,769 crore, a growth of around 21 per cent over Rs 3,120 crore last year. Consolidated resultsPunj Lloyd’s consolidated net profits for the quarter ended September 2009 stood at about Rs 51 crore compared to Rs 143 crore in the same quarter last year. Consolidated net sales dipped by 2 per cent and stood at Rs 2,871 crore as compared to Rs 2,953 crore in the same quarter last year. The company’s consolidated net profits for the half year ended September 2009, fell by 30 per cent to Rs 176 crore as compared to Rs 255 crore in the same period last year. Consolidated net sales for the period under review increased by 4 per cent to Rs 5,831 crore (Rs 5,574 crore). More Stories on : Financial Performance | Engineering
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2009, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|