Punj Lloyd gross income up 9% at Rs 11,743 cr for FY13

Group posts improved Q4 results with 8% income growth in Q4FY13, over year-ago quarter

Punj Lloyd Group, the diversified engineering, procurement and construction conglomerate, has posted a 9% increase in consolidated gross income at Rs 11,743 crore for FY13 as against Rs 10,784 crore in the previous financial year. EBIDTA improved marginally at Rs 1,175 crore as compared to previous year EBIDTA of Rs 1,124 crore.

Increase in financing charges by 23% at Rs 781 crore over the previous year’s figure of Rs 633 crore and higher depreciation and taxes (Rs 424 crore) accounted for a marginal loss of Rs 7 crore as against Rs 92 crore profit in the previous financial year.

Q4FY13 Consolidated Financial highlights

The fourth quarter financials of Punj Lloyd Group recorded improved performance over the same quarter of previous year. Income was up 8% at Rs 3,307 crore, EBIDTA was Rs 276 crore and net earnings recorded a 66.7% growth at Rs 15 crore against 9 crore in the corresponding quarter of previous year.