Engineering and construction firm Punj Lloyd has reported consolidated net profit to Rs 74.6 crore for the third quarter ended December 31, on higher sales. The company had clocked a net loss of Rs 59.9 crore in the October-December quarter of the last fiscal.
The income from operations during the quarter went up by 28.71% to Rs 2,694 crore from over Rs 2,093 crore in the same period a year ago.
Punj Lloyd provides engineering, procurement, construction (EPC) and project management services. It provides services to oil and gas, energy, infrastructure petrochemical, telecom broadband and utilities sectors, among others.