Punj Lloyd Ltd. Reports Audited Standalone Earnings Results for the Fourth Quarter and Year Ended and Consolidated Earnings Results for the Year Ended March 31, 2018
May 30, 2018 at 06:53 am EDT
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Punj Lloyd Ltd. reported audited standalone earnings results for the fourth quarter and year ended and consolidated earnings results for the year ended March 31, 2018. For the quarter, on standalone basis the company reported net sales from operations of INR 10,602.0 million compared with INR 8,899.8 million a year ago. Total income from operations was INR 11,333.5 million compared to INR 10,273.1 million a year ago. Loss from ordinary activities before exceptional items was INR 2,546.5 million compared with INR 2,301.6 million a year ago. Loss from ordinary activities before tax was INR 2,546.5 million compared with INR 2,301.6 million a year ago. Profit for the period was INR 9,440.8 million or INR 28.14 per diluted share compared with loss of INR 1,815.8 million or INR 5.46 per basic and diluted share a year ago. EBIDTA was INR 590 million compared to INR 280 million a year ago.
For the year, on standalone basis the company reported net sales from operations of INR 50,803.7 million compared with INR 48,672.8 million a year ago. Total income from operations was INR 55,857.7 million compared to INR 62,223.8 million a year ago. Loss from ordinary activities before exceptional items was INR 12,635.8 million compared with INR 8,995.8 million a year ago. Loss from ordinary activities before tax was INR 12,735.0 million compared with INR 9,053.0 million a year ago. Loss for the period was INR 718.2 million or INR 2.28 per basic and diluted share annualized compared with INR 8,704.3 million or INR 27.70 per basic and diluted share annualized a year ago. EBIDTA was INR 2,150 million compared to INR 1,080 million a year ago.
For the year, on consolidated basis the company reported net sales from operations of INR 40,594.9 million compared with INR 37,610.2 million a year ago. Total income from operations was INR 44,129.0 million compared to INR 40,597.5 million a year ago. Loss from ordinary activities before exceptional items was INR 8,817.1 million compared with INR 8,991.6 million a year ago. Loss from ordinary activities before tax was INR 8,817.1 million compared with INR 8,991.6 million a year ago. Profit for the period was INR 3,173.7 million or INR 9.45 per diluted share compared with loss of INR 8,505.8 million or INR 25.60 per basic and diluted share a year ago. EBITDA was INR 180 million compared to INR 3,390 million a year ago.
Punj Lloyd Limited is an India-based diversified conglomerate company. The Company offers engineering, procurement and construction services in energy and infrastructure along with engineering and manufacturing capabilities in the defense sector. The Company operates in the Middle East, the Caspian, Asia Pacific, Africa, South Asia, China, and Europe. The Company delivers projects for Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation Limited (IOC), GAIL (India) Limited (GAIL), National Highways Authority of India (NHAI), Airport Authority of India (AAI), Reliance and other Public Sector Undertakings (PSUs) and private companies. Its international clients include Shell, Petronas, Abu Dhabi National Oil Company (ADNOC), Qatar Petroleum, Oil Refineries and Petroleum Industries Company (ORPIC), and others. The Company is also engaged with private players in defense, perusing programmers in the land system, aerospace, and small arms and security.
Punj Lloyd Ltd. Reports Audited Standalone Earnings Results for the Fourth Quarter and Year Ended and Consolidated Earnings Results for the Year Ended March 31, 2018