Punj Lloyd Q3 profit likely to drop 85% YoY to Rs 11 cr

Engineering and construction firm Punj Lloyd is set to declare its third quarter results on Monday. Analysts on an average expect consolidated profit after tax of the company to fall by 85 percent year-on-year to Rs 11 crore.

Meanwhile, net sales are seen going up by up 14.6 percent to Rs 3,096 crore from Rs 2,701 crore during the same period, helped by execution of existing order backlog and strong order book, according to CNBC-TV18 poll.
Improvement in operational performance is expected to continue. Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to go up by 8.9 percent YoY to Rs 292 crore in October-December quarter.
According to analysts, this will be negated by high interest costs (which is expected to rise by around 60 percent YoY) and lower other income. Company is also expected to see higher depreciation during the quarter.
EBITDA margin is seen declining 50 basis points year-on-year to 9.4 percent in the third quarter. Update on order inflows for Q3
Punj Lloyd, apart from securing Rs 1,000 crore worth of projects in the buildings segment, forayed in overseas metro projects. Company secured a project to build a station in Hong Kong worth Rs 1,150 crore.
Total order inflow stood at Rs 2400 crore for the quarter. Also Read
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