Moneycontrol
Aug 10, 2017 10:07 PM IST | Source: PTI

Punj Lloyd Q1 net loss narrows to Rs 194 cr

The company had clocked a net loss of Rs 211.39 crore in the corresponding quarter of 2016-17, Punj Lloyd said in a BSE filing.

Punj Lloyd Q1 net loss narrows to Rs 194 cr

Infrastructure major Punj Lloyd today saw its net loss narrowing to Rs 194.32 crore for the first quarter ended June 30, 2017.

The company had clocked a net loss of Rs 211.39 crore in the corresponding quarter of 2016-17, Punj Lloyd said in a BSE filing.

Net sales of the company during the quarter rose to Rs 977.34 crore from Rs 887.57 crore during the corresponding quarter a year ago.

Its total expenses too rose to Rs 1,286.22 crore during the quarter under review as against Rs 1,221.56 crore in the year-ago period.

Punj Lloyd Group is a diversified international conglomerate offering EPC services in energy and infrastructure along with engineering and manufacturing capabilities in the defence sector.

Shares of the company closed 5 per cent down at Rs 18.95 on BSE.
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