Punj Lloyd reports Gross Income of Rs. 1,123 cr in Q1 FY15
The company registered its EBIDTA of Rs. 243.
Speaking on the occasion, Atul Punj, Chairman – Punj Lloyd Group said, “While the revenue and profitability show an underperformance this quarter, I believe that the impact of the series of steps taken to strengthen the business, recovery of long pending claims from customers, new order inflows, as well as the positive outlook for the sector, would see the company coming back into a profitable trajectory at a fairly quick pace."
"The company’s leadership in the energy sector is adequately demonstrated by the recent strong wins in the order position in this space. The Company sees development of a strong opportunity in the highways and civil infrastructure space in India and from the Middle East regions and has strengthened the organisation to seize such opportunities," he said.
The Group’s order backlog stands at Rs. 21,164 crores. The order backlog is the value of unexecuted orders on June 30, 2014 plus new orders received after that date.
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