/Punj Lloyd jumps over 5% post Q4 numbers

Punj Lloyd jumps over 5% post Q4 numbers

NEW DELHI: Shares of infrastructure major Punj Lloyd jumped over 5 per cent in Monday’s trade after the company said its losses for the fourth quarter narrowed to Rs 181.58 crore.

The company had posted a loss of Rs 396.15 crore for the year-ago quarter, it said in a BSE filing. Following the earnings, the stock surged 5.40 per cent to hit a high of Rs 23.40 in morning trade.

The company said total income from operations jumped to Rs 1,027.31 crore from Rs 742.39 crore in the year-ago quarter. Total expenses for the quarter climbed to Rs 1,257.47 crore from Rs 1,124.21 crore in the year-ago quarter, the company said in a BSE filing.

The stock has risen 4 per cent in last one month. This compared with a 71 per cent surge in the shares of SKIL Infra, a 11 per cent drop in the shares of IL&FS Engineering and a 12 per cent fall in shares of RPP Infra projects.

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Markets-The Economic Times