Punj Lloyd Q2 net dips 63%

Punj Lloyd Punj Lloyd, a global EPC player in the energy and infrastructure sector, has posted a net profit of Rs 41.88 crore for the quarter ended September 30, 2009, down 63% as compared to Rs 88.05 crore for the quarter ended September 30, 2008.

Total Income has increased from Rs 1583.86 crore for the quarter ended September 30, 2008 to Rs 1861.72 crore for the quarter ended September 30, 2009.

On Consolidated basis, the company has posted a profit of Rs 52.85 crore for the quarter ended September 30, 2009 as compared to Rs 144.12 crore for the quarter ended September 30, 2008.

Total Income has slipped from Rs 2954 crore for the quarter ended September 30, 2008 to Rs 2872 crore for the quarter ended September 30, 2009.

The stock closed the day at Rs 261, down by Rs 9.60 or 3.55% on BSE. The stock hit an intraday high and low of Rs 275 and Rs 256 respectively.