Punj Lloyd plum­mets over 12pc at close as 1Q net loss widens

The Pak Banker - - COMPANIES/BOSS -

MUM­BAI: Shares of en­gi­neer­ing con­glom­er­ate Punj Lloyd Ltd ended the day on Mon­day over 12% lower af­ter the com­pany re­ported widen­ing of net loss to Rs.597.84 crore for the AprilJune quar­ter. Af­ter plung­ing 16.64% to Rs.26.30 in in­tra­day trade, shares of the com­pany fi­nally ended at Rs.27.70, down 12.20% on the BSE.

At the NSE, the stock plum­meted 11.86% to set­tle at Rs.27.85. In terms of vol­ume, 25.65 lakh shares of the com­pany changed hands at the BSE and over 73 lakh shares were traded at the NSE dur­ing the day. The com­pany had re­ported a net loss of Rs.363.92 crore for the first quar­ter of the pre­vi­ous fis­cal.

Its to­tal in­come from oper­a­tions dipped sharply 40.98% to Rs.657.35 crore dur­ing the quar­ter un­der re­view, from Rs.1,113.83 crore in the same quar­ter of the last fis­cal, the com­pany had said in a BSE fil­ing on Fri­day. To­tal ex­penses for the pe­riod stood at Rs.1,050.58 crore dur­ing the quar­ter against Rs.1,445.58 crore a year ago. The Punj Lloyd Group of­fers EPC ser­vices in energy and in­fra­struc­ture along with en­gi­neer­ing and man­u­fac­tur­ing ca­pa­bil­i­ties in the de­fence sec­tor.

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