Punj Lloyd announces Q2 FY 2015 Results..
Punj Lloyd Limited, the diversified engineering,
procurement and construction conglomerate, announced its financial results for
the second quarter ended September 30, 2014 for FY15 at the meeting of its
Board of Directors.
.
Financial Highlights
(INR in crores)
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Three months ended
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Six months ended
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Sep 30, 2014
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Sep 30, 2013
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Jun 30, 2014
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Sep 30, 2014
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Sep 30, 2013
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Gross Income
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1,291
|
2,230
|
1,120
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2,410
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4,425
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EBIDTA
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(89)
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249
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(243)
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(333)
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490
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|
(Loss) / Profit after Taxes
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(264)
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2
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(364)
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(627)
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7
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Speaking
on the financial performance, Atul Punj, Chairman, Punj Lloyd, said “While
the performance reflects the impact of the insufficient order wins in the previous
two financial years, there is a positive improvement compared to the previous
quarter. This will further improve with the order wins in the current
year till date and the expected order inflows in the near future.
Furthermore,
with the new policies in place and DIPP clearance of the new defence licenses
for Punj Lloyd, we are confident that our business shall leverage the growing
opportunities in the Indian defence arena.”
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