Punj Lloyd builds on good quarterly numbers

DALAL STREET SPIKES

Construction and engineering company, Punj Lloyd jumped 11.88 per cent to close at Rs 271.20 after reporting an 88 per cent y-o-y increase in consolidated net profit to Rs 111.9 crore on an 89 per cent y-o-y growth in total income to Rs 2,658.2 crore in Q1 FY09.

The results were announced after market hours on July 29 (Tuesday). The company has given a robust outlook based on a strong order backlog of Rs 20,162 crore. The counter witnessed volumes of 34,22,027 shares, about twice its two-week average.