Punj Lloyd announces Q1 financial results
Punj Lloyd Group has announced its financial results for the Q1 of FY 2010. The performance and developments during the review period are a reflection of the Group’s strong and proven capabilities especially in the infrastructure and oil and gas segments.
Q1 FY 2010 results
1. Revenues increased by 12% to INR 2,979 crore as compared to INR 2,658 crore in Q1 FY 2009
2. EBIDTA up by 40% to INR 309 crore as compared to INR 221 crore in Q1 FY 2009
3. PAT up by 27% to INR 125 crore as compared to INR 98 crore in Q1 FY 22009.
4. EPS for Q1 FY 2010 stands at INR 4.19, Mr Atul Punj chairman of Punj Lloyd Group said “I am happy to report a strong beginning to FY 2010. Despite the macro environmental challenges, the Group has continued to deliver robust growth both in revenues and profitability. Our plan of spreading our operations in strategic geographies opened up numerous opportunities for the Group. A strong order book which is over twice our revenues for FY 2009 reflects the strength of our business and competitive position.”
In Q1 FY 2010, Punj Lloyd Group bagged prestigious orders worth over INR 9,946 crore:
1. Orders worth over INR 5,904 crore to build commercial and residential developments in Libya
2. A port tank farm order worth INR 1,210 crore for Jubail Export Refinery in Saudi Arabia. Punj Lloyd’s share in this order will be INR 593 crore.
3. Infrastructure contracts worth INR 1,873 crore for the utilities in Libya.
4. INR 1,263 crore LTA Project to build MRT stations in Singapore
5. Order worth of INR 151 crore for EPC contract Jurong Strategic Study project at Jurong Lubes Terminal at Singapore
6. Other Infrastructure projects in South Asia of INR 162 crore.
In the order backlog, infrastructure projects contribute 56%, pipelines 20%, tankage 2% and process plants and others contribute 22%. Geographically, South Asia contributes 17%, South East Asia and Asia Pacific contributes 25%, Africa 37%, Middle East 17%, and the rest of the Europe and the rest of the world contribute 4%.
Source From; http://www.steelguru.com/news/index/2009/07/29/MTA0MjI4/Punj_Lloyd_announces_Q1_financial_results.html
Tuesday, July 28, 2009
Punj Lloyd announces Q1 financial results
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