Thursday 31 May 2018



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Shares of Punj Lloyd rose nearly 18 percent intraday as company turned profitable in the quarter ended March 2018.

The company has posted profit of Rs 944 crore in Q4FY18 against loss of Rs 184 crore in Q3FY18. The company had posted loss of Rs 181 crore in March 2017.

Revenue for the quarter ended March 2018 rose 19 percent at Rs 1060 crore against Rs 890 crore in a year ago period.

The board has approved a proposal to restructure the outstanding credit facilities by way of conversion of such credit facilities into securities (non-
convertible/redeemable/convertible) on preferential basis, issuance of securities (non-convertible/redeemable/convertible) to promoters/investors on preferential basis.

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