Engineering firm Punj Lloyd today reported a net loss of Rs 62.13 crore for the quarter ended December 31, 2010.
The company had posted a net profit of Rs 12.48 crore in the October-December quarter last fiscal, Punj Lloyd said in a filing to the Bombay Stock Exchange.
Net sales of the company fell to Rs 2,093.62 crore in the December quarter from Rs 2,901.62 crore in the year-ago period, the filing added.
"There has been a good inflow of orders during the last six months and the current order backlog of the company is at Rs 27,780 crore. We expect the momentum of order inflows in energy and infrastructure sectors to continue," Punj Lloyd Chairman Atul Punj said.
Reacting to the weak third quarter numbers, shares of Punj Lloyd slipped by 7.24% to a one-month-low of Rs 81.30 in early trade on the BSE.
