PUNJ LLOYD
Punj Lloyd hit a new 52-week low after it post a poor show for Q4FY16. It posted a net loss of Rs.468 crore for Q4FY16 v/s profit of Rs.268 crore in Q4FY15. The fall began right from the topline – total income was down by a huge 43% at Rs.723 crore. Though it managed to bring down its costs by 13%, the recouping never could happen. Interest outgo of Rs.204 crore and tax of Rs.14 crore only increased the loss.
The company ended FY16 with a 40% drop in consolidated total income at Rs.4320 crore. Interest outgo for the fiscal was at Rs.1070 crore and it ended with a loss of Rs.2245 crore v/s loss of Rs.1141 crore in FY15. The company’s debt at end of FY16 stood at Rs.6700 crore, up from Rs.6110 crore in FY15. Networth in this fiscal has turned negative. Cash remains at Rs.546 crore.
The group’s order backlog at end of FY16 stood at Rs.23,836 crore and this includes the order backlog of Rs.6845 crore from Libya which is seeing no traction. This order backlog is the value of orders logged as at 31st March 2016 plus those which have after that.