Punj Lloyd Q2 net jumps more than two-fold

Punj Lloyd Q2 net jumps more than two-fold

New Delhi: Punj Lloyd Limited (PLL), a global EPC service provider in the energy and infrastructure domain recorded a consolidated income of Rs3,342.66 crore for the first half of FY 08, an increase of 65.27% as compared to Rs2,022.55 crore in the corresponding previous period.

On a consolidated basis, EBITDA for H1FY08 improved to Rs341.17 crore, an increase of 122.39% as compared to Rs153.41 crore in the corresponding previous period.

Net profit for H1FY08 was 48.91 crore as against 9.83 crore in H1FY07. The basic earnings per share (EPS) (not annualized) for H1FY2008 stood at 5.56.

Consolidated revenues for Q2FY08 stood at 1,924.71 crore while the consolidated EBIDTA was 96.76 crore and operating margins 10.22%.

Share of revenue from international operations during the quarter constituted 66% of consolidated revenue. Order inflow during the quarter was Rs2,455 crore signifying the company’s sustained leadership position in the industry.

Consolidated net profit was Rs89.44 crore for quarter ended September 30, 2007 registering robust growth of 166.59% over the corresponding quarter of the previous year. Continued improvement in operational efficiencies and a judicious selection of orders with improved margins enabled it to register an increase in operating margins by 48.41 % from 6.90% in Q2FY07 to 10.24% in Q2FY08.

The company also announced the induction of Niten Malhan, Managing Director, Warburg Pincus to its Board of Directors. An affiliate of Warburg Pincus, a leading private equity firm, it holds a 5.087% ownership interest in the company.