Punj Lloyd Q4 PAT seen at Rs 78 cr

Punj Lloyd is expected to report profit after tax of Rs 78 crore in January-March quarter of CY11 as against a loss after tax of Rs 623 crore in same quarter the previous year and loss after tax of Rs 62 crore in previous quarter.

Total income is likely to jump by 35% to Rs 2,403 crore from Rs 1,776 crore during the same period.

Improvement is expected to be seen at EBITDA level. EBITDA is expected to be Rs 191 crore as against loss before interest, taxes, depreciation of Rs 515 crore on year-on-year basis.

On quarter-on-quarter basis, total income is likely to go up by 13% and EBITDA up by 99%.

Operating profit margin is seen improving at 7.95% versus 4.52% in previous quarter.

Execution and OPM to be key monitorables

Expect a pick-up in revenues post sharp slowdown in Q4FY10 and H1FY11

Q4FY11 saw some order traction

Hydrocarbon and road BOT have been the main contributors to the order inflows

On account of the Libyan crisis, company has removed projects worth Rs 6300 crore from the order book

There has been a gradual shift to the domestic markets for project bidding/winning