Punj Lloyd surges after reporting strong Q4 results

Punj Lloyd surged 16.08% to Rs 26.70 at 15:00 IST on BSE after net profit galloped 536960% to Rs 268.53 crore on 9.21% decline in total income to Rs 1859.54 crore in Q4 March 2015 over Q4 March 2014.

The company announced results during market hours today, 22 May 2015.

Meanwhile, the S&P BSE Sensex was up 150.43 points or 0.54% at 27,960.20.

On BSE, so far 52.48 lakh shares were traded in the counter as against average daily volume of 4.52 lakh shares in the past one quarter.

The stock hit high of Rs 27.25 and low of Rs 23 so far during the day. The stock had hit a 52-week high of Rs 60.85 on 19 June 2014. The stock had hit a 52-week low of Rs 20.75 on 20 May 2015.

The stock had underperformed the market over the past one month till 21 May 2015, declining 23.97% compared with Sensex's 0.48% rise. The scrip had also underperformed the market in past one quarter, dropping 37.41% as against Sensex's 4.86% fall.

The small-cap company has equity capital of Rs 66.42 crore. Face value per share is Rs 2.

Punj Lloyd's EBITDA (earnings before interest, taxes, depreciation and amortization) jumped 178.59% to Rs 794 crore in Q4 March 2015 over Q4 March 2014. The Group's order backlog stands at Rs 21152 crore. The order backlog is the value of unexecuted orders as on 31 March 2015 plus new orders received after that date.

Punj Lloyd said that the board of directors of the company at its meeting held today, 22 May 2015, inter alia, have not recommended any dividend for the financial year ended 31 March 2015 (FY 2015).

Punj Lloyd provides integrated design, engineering, procurement, construction and project management services in the energy and infrastructure sectors

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