Prabhudas Lilladher expects Punj Lloyd to report a loss of Rs 45.3 crore as against loss of Rs 13.3 crore in a year ago period and profit of Rs 15.3 crore in previous quarter.
Prabhudas Lilladher has come out with its first quarter (April-June) earnings estimates for the construction and engineering sector. The brokerage house expects Punj Lloyd to report a loss of Rs 45.3 crore as against loss of Rs 13.3 crore in a year ago period and profit of Rs 15.3 crore in previous quarter.
Revenues are expected to decrease by 10.1 percent Q-o-Q (up 6.2 percent Y-o-Y) to Rs 2,874.1 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 3.5 percent Q-o-Q (down 21 percent Y-o-Y) to Rs 172.9 crore.
EBITDA margin or operating profit margin is likely to be at 6 percent in June quarter as against 5.2 percent in March quarter and 8.1 percent in a year ago period.
Prabhudas Lilladher report on Punj Lloyd
Apart from securing Rs7 billion project from ONGC in the offshore segment, we don't expect any major traction in order inflows. We are expecting a revival of 80bps Q-o-Q in the margins as orders taken last year were at relatively better margins.
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