Punj Lloyd Ltd has announced the Unaudited financial results for the quarter ended December 31, 2008. The Company has posted a net profit of Rs 893.30 million for the quarter ended December 31, 2008 as compared to Rs 391.60 million for the quarter ended December 31, 2007. Total Income has increased from Rs 12582.00 million for the quarter ended December 31, 2007 to Rs 18111.20 million for the quarter ended December 31, 2008.

The consolidated results for the Quarter ended December 31, 2008 – The Group has posted a net loss after minority interest and Share of Profits of Associates of Rs (2256.20) million for the quarter ended December 31, 2008 as compared to net profit after minority interest and Share of Profits of Associates of Rs 917.20 million for the quarter ended December 31, 2007. Total Income has increased from Rs 21629.30 million for the quarter ended December 31, 2007 to Rs 31436.80 million for the quarter ended December 31, 2008.

The stock closed the day at Rs.92.30, down by Rs.3 or 3.15%. The stock hit an intraday high of Rs.97.50 and low of Rs.91.15.

The total traded quantity was 3976292 compared to 2 week average of 2728336.

Source: Equity Bulls

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