Punj Lloyd's Q3 consolidated net turns black

14 Feb 2012

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.

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