By IANS,
New Delhi : Construction and engineering major Punj Lloyd Monday said it has posted a net profit of Rs.125 crore in the first quarter this fiscal, up 27 percent from the Rs.98 crore it earned in the corresponding quarter last fiscal.
Revenues increased 12 percent to Rs.2,979 crore, compared to Rs.2,658 crore in the year-ago period, the company said in a regulatory statement.
“Despite the macro environmental challenges, the group has continued to deliver robust growth both in revenues and profitability,” said Punj Lloyd chairman Atul Punj.
“Our plan of spreading our operations in strategic geographies opened up numerous opportunities for the group. A strong order book, which is over twice our revenues for 2008-09, reflects the strength of our business and competitive position.”
The company said its total orders were worth Rs.27,889 crore, of which orders worth nearly Rs.10,000 crore were bagged in the first quarter this fiscal from Libya, Saudi Arabia and several Asian countries including Singapore.