Punj Lloyd Q4 net loss at Rs 468 crore

Despite loss, shares of diversified international conglomerate closed 1.40% up at Rs 21.70 on BSE

Infrastructure major Punj Lloyd on Friday, posted a net loss of Rs 467.99 crore on standalone basis for the March quarter on sharp decline in income.

The company had posted a net profit of Rs 268.53 crore for the January-March quarter of 2014-15 financial year, it said in a BSE filing.

The firm's total income from operations also declined by 43.53% to Rs 723.56 crore during the quarter under review as against Rs 1,281.37 crore in the corresponding quarter of 2014-15.

Its total expenses stood at Rs 983.78 crore during the quarter over Rs 1,128.07 crore in the same period last financial year.

The company, however, did not give its consolidated quarterly earnings.

For the entire year, its net loss on consolidated basis stood at Rs 2,245.34 crore after taxes, minority interest and share of profit/loss of associates as against Rs 1,141.11 crore in 2014-15.

Segment wise, engineering, procurement and construction services reported a revenue of Rs 3,667.26 crore for the year on consolidated bases while revenue from traded goods stood at Rs 556.81 crore.

Punj Lloyd Group is a diversified international conglomerate offering EPC services in Energy and infrastructure along with engineering and manufacturing capabilities in the defence sector.

Shares of the company closed 1.40% up at Rs 21.70 apiece on BSE.