About this document

Punj Lloyd Q4FY11 Result Update: HOLD Rating by Aakash Arora is a document available to read on EtoBox.

Punj Lloyd reported a net profit of Rs177 million in Q4FY11, rebounding from recent losses, with revenue up 30.9% year-over-year to Rs23.3 billion. EBITDA margins improved to 8.9% after recent weak performances. However, issues remain regarding project execution and qualifications from auditors. The company removed Rs60 billion of inactive orders in Libya from its backlog due to civil unrest. While order inflows were robust, concerns persist regarding operations, leading analysts to maintain a HOLD rating u

Author

Aakash Arora

Language

EN