Punj net profit at Rs 196.03 crore, up 263 pc

New Delhi, Jun 03 (UNI) Punj Lloyd Limited (PLL) today posted a consolidated net profit at Rs 196.03 crore for the financial year 2006-07, up by 263 per cent against Rs 54 crore in the previous FY.

The consolidated income also rose by 203 per cent to Rs 5206 crore for the financial year 2006-07 from 1716.60 crore in the last financial year.

The company registered a consolidated net profit at Rs 88.49 crore for the fourth quarter ended March 2007.

The company's consolidated revenues stood at Rs 1719.91 crore for the said period.

''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,'' said PLL Chairman Atul Punj.

He added ''Our order book now has an increased component of engineering and procurement services as against largely construction contracts at the beginning of the year. The petrochemical and pipeline domains have a larger share in the order book as compared to civil construction projects.'' UNI