Narendra Modi's Washington test

Narendra Modi's Washington test

If Modi gets the world’s biggest power right, his pursuit of larger global goals...
Small banks or banks for ‘small’ people?

Small banks or banks for ‘small’ people?

Unless appropriate sub-limits are imposed on loans, there is a serious...

Punj Lloyd reports Rs 140-cr net loss in Dec quarter

Feb 14 2014, 21:42 IST
Comments 0
The company had clocked Rs 8.8 crore net profit in the corresponding quarter last fiscal. Reuters The company had clocked Rs 8.8 crore net profit in the corresponding quarter last fiscal. Reuters
SummaryThe company had clocked Rs 8.8 crore net profit in the corresponding quarter last fiscal.

Diversified infrastructure major Punj Lloyd today reported a consolidated net loss of Rs 140 crore for the October-December quarter on lower income and higher expenses.

The company had clocked Rs 8.8 crore net profit in the corresponding quarter last fiscal, it said in a statement.

Total income of the company fell to Rs 2,774 crore from Rs 2,881 crore a year ago. Expenses, on the other hand, rose to Rs 2,730 crore from Rs 2,678 crore a year earlier.

"While the environment continues to be challenging, initiatives and developments at Punj Lloyd make us cautious but optimistic about the future," Punj Lloyd Group Chairman Atul Punj said.

The group's order backlog stands at Rs 18,852 crore. The order backlog is the value of unexecuted orders on December 31, 2013 plus new orders received after that date, it said.

Ads by Google

More from Companies

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...