Punj Lloyd FY07 net up 263 pc

New Delhi, May 31 (UNI) Infrastructure major Punj Lloyd Limited (PLL), today said it has posted a 263 per cent jump in its net profit at Rs 196.03 crore for the financial year 2006-07, against Rs 54 crore during the last fiscal.

The company's total income also registered a whooping 203 per cent growth at Rs 5206 crore in the said period against Rs 1716.60 crore last year.

''The group has made rapid progress up in the value chain, with average ticket size of the order increasing manifold. This enables us to manage large projects without commensurate increase in resources, enabling higher margins in the process,''Punj Lloyd's Chairman Atul Punj commented The basic and diluted EPS for FY07 stood at Rs 7.44 and Rs 6.91 respectively for Rs 2 paid up share. The board of directors have recommended a dividend of 15 per cent for FY07, subject to the approval of shareholders.

UNI