Punj Lloyd Q4 net profit at Rs. 23.18 crores, recommends 15% dividend

Punj Lloyd Ltd has announced the audited financial results for the quarter & year ended March 31, 2007. The results for the Quarter ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 231.80 million for the quarter ended March 31, 2007. Total Income is Rs 8193.00 million for the quarter ended March 31, 2007.

The results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 615.90 million for the year ended March 31, 2007 where as the same was at Rs 351.40 million for the year ended March 31, 2006. Total Income is Rs 23054.80 million for the year ended March 31, 2007 where as the same was at Rs 14030.30 million for the year ended March 31, 2006.

The consolidated results for the Quarter ended March 31, 2007 are as follows: The Group has posted a profit for the year after minority interest & Share of profits of Associates of Rs 889.30 million for the quarter ended March 31, 2007. Total Income is Rs 17199.10 million for the quarter ended March 31, 2007.

The consolidated results for the Year ended March 31, 2007 are as follows: The Group has posted a profit for the year after minority interest & Share of profits of Associates of Rs 1969.30 million for the year ended March 31, 2007 where as the same was at Rs 554.60 million for the year ended March 31, 2006. Total Income is Rs 52059.60 million for the year ended March 31, 2007 where as the same was at Rs 17165.90 million for the year ended March 31, 2006.

The Company has acquired 100% stake in Sembawang Engineering & Construction Pte Ltd, Singapore in October 2006 through its wholly owned subsidiary in Singapore, Punj Lloyd Pte Ltd. The Consolidated financials for the year are therefore not comparable with the previous year financials.

The Company at its meeting held on May 31, 2007, inter alia, has recommended a dividend @ 15% i.e. Re. 0.30 per share.

Source : Equity Bulls

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