Punj Lloyd Q1 PAT likely to be at Rs 16cr

Engineering company Punj Lloyd is expected to report a profit after tax of Rs 16 crore in the quarter ended June 2011 as against a loss of Rs 31 crore in the corresponding quarter last fiscal.

Total income is seen going up 21% to Rs 2,094 crore from Rs 1,734 crore year-on-year.

EBITDA is likely to go up by 32% to Rs 177 crore in April-June quarter of 2011 as against Rs 134 crore in the year ago period.

Operating profit margin is seen improving to 8.47% versus 7.73% year-on-year.

Expectations

Expect some revival in revenues post sharp slowdown in H1FY11
* Growth to be aided by low base; revenues declined 41% YoY in Q1FY11

Revenue growth expected on the back of better execution of order book --- excluding Libya

Some bottom line pressure expected on account of negative impact of operating and financial leverage

Management outlook on timely and profitable execution of order book is to be watched

Order book

Company bagged new orders to the tune of Rs 2500 crore during Q1FY12

EPC has been the main contributor to order inflows

Order book as of May 30th 2011 stood at Rs 22805 crore