Punj Lloyd Ltd. Reports Audited Standalone Earnings Results for the Fourth Quarter and Standalone and Consolidated Earnings Results for the Year Ended March 31, 2017
May 27, 2017 at 09:46 am EDT
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Punj Lloyd Ltd. reported audited standalone earnings results for the fourth quarter and standalone and consolidated earnings results for the year ended March 31, 2017. For the quarter, the standalone company reported net sales of INR 8,899.8 million compared with INR 6,881.3 million a year ago. Loss from ordinary activities before exceptional items was INR 2,301.6 million compared with INR 3,818.2 million a year ago. Loss from ordinary activities before tax was INR 2,301.6 million compared with INR 3,818.2 million a year ago. Loss was INR 1,815.8 million or INR 5.46 per basic and diluted share compared with INR 3,961.5 million or INR 11.93 per basic and diluted share a year ago. EBIDTA was INR 280 million against LBITDA of INR 1,340 million a year ago.
For the year, the standalone company reported net sales of INR 37,610.2 million compared with INR 33,478.2 million a year ago. Loss from ordinary activities before exceptional items was INR 8,991.6 million compared with INR 14,952.9 million a year ago. Loss from ordinary activities before tax was INR 8,991.6 million compared with INR 14,952.9 million a year ago. Loss was INR 8,505.8 million or INR 25.6 per basic and diluted share compared with INR 15,137.1 million or INR 45.58 per basic and diluted share a year ago. EBIDTA was INR 1,080 million against LBITDA of INR 3,700 million a year ago.
For the year, the consolidated company reported net sales of INR 48,672.8 million compared with INR 44,470.2 million a year ago. Loss from ordinary activities before exceptional items was INR 8,995.8 million compared with INR 20,779.3 million a year ago. Loss from ordinary activities before tax was INR 8,995.8 million compared with INR 20,779.3 million a year ago. Loss was INR 8,647.1 million or INR 27.7 per basic and diluted share compared with INR 20,778 million or INR 64.16 per basic and diluted share a year ago. EBIDTA was INR 3,390 million against LBITDA of INR 6,770 million a year ago.
Punj Lloyd Limited is an India-based diversified conglomerate company. The Company offers engineering, procurement and construction services in energy and infrastructure along with engineering and manufacturing capabilities in the defense sector. The Company operates in the Middle East, the Caspian, Asia Pacific, Africa, South Asia, China, and Europe. The Company delivers projects for Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation Limited (IOC), GAIL (India) Limited (GAIL), National Highways Authority of India (NHAI), Airport Authority of India (AAI), Reliance and other Public Sector Undertakings (PSUs) and private companies. Its international clients include Shell, Petronas, Abu Dhabi National Oil Company (ADNOC), Qatar Petroleum, Oil Refineries and Petroleum Industries Company (ORPIC), and others. The Company is also engaged with private players in defense, perusing programmers in the land system, aerospace, and small arms and security.
Punj Lloyd Ltd. Reports Audited Standalone Earnings Results for the Fourth Quarter and Standalone and Consolidated Earnings Results for the Year Ended March 31, 2017