Punj Lloyd Ltd's Q2FY17 standalone net loss widens to Rs.225.8 crore

India Infoline Research Team | November 30, 2016 19:32 IST

Punj Lloyd Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 995.69 [0.8]
EDITDA 3.15 -
EBITDA Margin (%) -0.3 -
Net Loss (adjusted) 225.80 -
***EBITDA margin change is bps


Punj Loyd Ltd reported its standalone numbers for Q2FY17 post market hours.
Revenue for the quarter were flat at Rs. 996 cr.
Reported EBITDA loss has shrunk from Rs 23 cr in Q2FY16 to Rs. 3 cr in Q2FY17. This was largely due to 41.7% yoy decrease in other expenses.
Net loss for the quarter widened by Rs 3.5 cr to Rs 225.8 cr primarily due to Rs 50 cr decrease in other income and 5.4% yoy increase in finance cost.

Technical View:

Punj Lloyd Ltd is currently trading at Rs. 20.55, up by 0.5 points or 2.49% from its previous closing of Rs. 20.05 on the BSE.
The scrip opened at Rs. 20.5 and has touched a high and low of Rs. 20.65 and Rs. 20.05 respectively. So far 1273480(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 20.05 [0.70] ([3.37]%)
NSE 20.05 [0.65] ([3.14]%)

***Note: This is a NSE Chart

 

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