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Grindwell Norton jumps as board recommends liberal bonus issue
May 31,2016

The announcement was made after trading hours yesterday, 30 May 2016.

Meanwhile, the S&P BSE Sensex was down 105.99 points or 0.4% at 26,619.61

On BSE, so far 6,833 shares were traded in the counter as against average daily volume of 4,460 shares in the past one quarter. The stock hit a high of Rs 720.70 and a low of Rs 675.55 so far during the day. The stock had hit a record high of Rs 829.50 on 20 October 2015. The stock had hit a 52-week low of Rs 575 on 29 February 2016.

The mid-cap company has equity capital of Rs 27.68 crore. Face value per share is Rs 5.

Grindwell Nortons consolidated net profit rose 12.18% to Rs 30.57 crore on 8.76% growth in total income from operations to Rs 323.04 crore in Q4 March 2016 over Q4 March 2015. The Q4 result was announced after market hours yesterday, 30 May 2016.

Grindwell Norton manufactures bonded, coated, non-woven abrasives, superabrasives, thin wheels and silicon carbide.

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Aurobindo Pharma gains after reporting strong Q4 results
May 31,2016

The result was announced after market hours yesterday, 30 May 2016.

Meanwhile, the BSE Sensex was down 81.42 points, or 0.27%, to 26,653.77.

On BSE, so far 1.14 lakh shares were traded in the counter, compared with an average volume of 1.71 lakh shares in the past one quarter. The stock hit a high of Rs 786.50 and a low of Rs 761.10 so far during the day. The stock hit a record high of Rs 891.50 on 30 December 2015. The stock hit a 52-week low of Rs 582 on 25 February 2016.

The large-cap company has an equity capital of Rs 58.52 crore. Face value per share is Re 1.

Aurobindo Pharmas consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) margin rose to 23.5% in Q4 March 2016 compared with 20.7% in Q4 March 2015. Consolidated operating profit (EBIDTA) before forex rose 34.5% to Rs 882 crore in Q4 March 2016 over Q4 March 2015.

Aurobindo Pharmas Managing Director N. Govindarajan said that the company continues its growth journey with higher number of ANDA approvals, new launches and better integration of acquired businesses. With growth coming from all business verticals, focus remains on new launches in US and improved cost efficiencies in EU, he said. In addition, Aurobindo continues to work on new businesses and differentiated technology platforms which will drive its future growth, he added.

Aurobindo Pharma manufactures generic pharmaceuticals and active pharmaceutical ingredients. The companys manufacturing facilities are approved by several leading regulatory agencies like US FDA, UK MHRA, Japan PMDA, WHO, Health Canada, MCC South Africa, ANVISA Brazil. The companys robust product portfolio is spread over 7 major therapeutic/product areas encompassing antibiotics, anti-retrovirals, CVS, CNS, gastroenterologicals, anti-allergies and anti-diabetics, supported by an outstanding R&D set-up. The company is marketing these products globally, in over 150 countries.

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Tata Motors jumps after posting stellar Q4 results
May 31,2016

The result was announced after market hours yesterday, 30 May 2016.

Meanwhile, the BSE Sensex was up 5.98 points, or 0.02%, to 26,731.58

High volumes were witnessed on the counter. On BSE, so far 9.45 lakh shares were traded in the counter, compared with an average volume of 6.56 lakh shares in the past one quarter. The stock hit high of Rs 463.90 and low of Rs 448.15 so far during the day.

Tata Motors said that the revenue growth in Q4 March 2016 reflects strong sales in all the regions for Jaguar Land Rover business namely in UK, Europe, North America, China and other overseas markets. The revenue also rose on account of continued robust volume growth in medium & heavy commercial vehicles (M&HCV) segment and start of volume growth in the light commercial vehicles (LCV) segment in standalone business.

Tata Motors said that consolidated profit before tax (before exceptional item) jumped 103.17% to Rs 5957 crore in Q4 March 2016 over Q4 March 2015 due to stronger operating performance in both standalone as well as Jaguar Land Rover business and lower net finance expenses partly offset by higher depreciation and amortization expenses, adverse revaluation of Euro payables and one time reserves and charges of Rs 1580 crore (n++166 million) for the industry-wide recall in the United States of potentially faulty airbags supplied by Takata, doubtful debts and previously capitalized investment in the Jaguar Land Rover business.

Further, exceptional items for Q4 March 2016 includes further insurance and other recoveries of Rs 555 crore on account of the vehicles damaged at Tianjin Port explosion in Jaguar Land Rover business.

Tata Motors is a market leader in commercial vehicles in India. The companys British unit Jaguar Land Rover sells premium luxury cars.

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Sun Pharma drops in early trade after announcing Q4 earnings
May 31,2016

Meanwhile, the S&P BSE Sensex was up 64.23 points or 0.24% at 26,789.83.

On BSE, so far 79,000 shares were traded in the counter as against average daily volume of 2.29 lakh shares in the past two weeks. The stock hit a high of Rs 807.70 and a low of Rs 776.10 so far during the day. The stock had hit a 52-week low of Rs 706.40 on 24 November 2015. The stock had hit a 52-week high of Rs 979 on 29 May 2015.

The large-cap company has equity capital of Rs 240.68 crore. Face value per share is Rs 1.

Sun Pharmaceutical Industries (Sun Pharma) consolidated net profit rose 92.71% to Rs 1713.69 crore on 16.82% growth in total income to Rs 7599.21 crore in Q4 March 2016 over Q4 March 2015.

Sun Pharmas Managing Director Dilip Shanghvi said that FY 2016 has been a year of consolidation for Sun Pharma. While the company has accrued targeted synergies from the Ranbaxy acquistion, it has also made commensurate investments in building the specialty business in the US, Shanghvi said. These strategic investments will help Sun Pharma drive the sustainable growth of its business, he added.

Sun Pharmas board of directors scheduled a meeting on 23 June 2016 to evaluate a proposal for buyback of equity shares of the company.

Sun Pharmaceutical Industries is a specialty generic pharmaceutical company and Indias top pharmaceutical company.

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NTPC gains after announcing Q4 results
May 30,2016

Meanwhile, the BSE Sensex was up 72.85 points, or 0.27%, to 26,726.45.

High volumes were witnessed on the counter .On BSE, so far 6.36 lakh shares were traded in the counter, compared with an average volume of 2.23 lakh shares in the past one quarter. The stock hit a high of Rs 145.80 and a low of Rs 137.70.

NTPCs net profit fell 7.73% to Rs 2716.41 crore on 6.63% decline in total income to Rs 18560.70 crore in Q4 March 2016 over Q4 March 2015. The announcement was made at the fag end of the trading sesion today, 30 May 2016.

NTPC said that the board of directors of the company recommended final dividend of Rs 1.75 per share for the year ended 31 March 2016 (FY 2016).

NTPC, Indias largest power company, has presence in the entire value chain of power generation business.

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M&M slips after declaring Q4 result
May 30,2016

The result was announced during market hours today, 30 May 2016.

Meanwhile, the S&P BSE Sensex was up 78.35 points or 0.29% at 26,731.95

On BSE, so far 2.37 lakh shares were traded in the counter as against average daily volume of 91,861 shares in the past one quarter. The stock had hit a high of Rs 1,351.20 and low of Rs 1,314.10 so far during the day. The stock had hit a 52-week low of Rs 1,092 on 12 February 2016. The stock had hit a record high of Rs 1,441.45 on 7 August 2015. The stock had underperformed the market over the past one month till 27 May 2016, falling 3.59% compared with Sensexs 2.26% rise. The scrip also underperformed the market in past one quarter, advancing 8.58% as against Sensexs gain of 15.11%.

The large-cap company has equity capital of Rs 310.55 crore. Face value per share is Rs 5.

The gross revenues and other income of the combined entity M&M and Mahindra Vehicle Manufacturers (MVML) rose 16% to Rs 11669 crore in Q4 March 2016 over Q4 March 2015. The net profit after tax before exceptional item rose 20.5% to Rs 662 crore in Q4 March 2016 over Q4 March 2015. MVML was set up as a 100% subsidiary of M&M with a view to source contemporary products for expanding the market offerings of the company.

M&M while announcing Q4 results said in its outlook that with a robust monsoon season predicted for this year, rural demand will pick up pace in coming quarters.

Mahindra Group enjoys a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two-wheeler industries.

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Granules India gains after its plant receives inspection report from USFDA
May 30,2016

The announcement was made during market hours today, 30 May 2016.

Meanwhile, the BSE Sensex was up 65.69 points, or 0.25%, to 26,719.29.

On BSE, so far 4.82 lakh shares were traded in the counter, compared with an average volume of 1.53 lakh shares in the past one quarter. The stock hit a high of Rs 138 and low of Rs 128.80 so far during the day. The stock hit a record high of Rs 164.45 on 1 December 2015. The stock hit a 52-week low of Rs 75.55 on 12 June 2015. The stock had underperformed the market over the past one month till 27 May 2016, falling 2.8% compared with Sensexs 2.26% gains. The scrip had, however, outperformed the market in past one quarter, gaining 21.2% as against Sensexs 15.11% gains.

The mid-cap company has an equity capital of Rs 21.67 crore. Face value per share is Re 1.

Granules India said that it has received Establishment Inspection Report (EIR) from the United States Food & Drug Administration (USFDA) for its Jeedimetla plant for the inspection conducted at the facility in December 2015.

The company stated that the USFDA acknowledged receipt of its responses sent on 7 January and 28 March 2016 on the observations issued by the USFDA for the facility. The USFDA closed the mattter and issued EIR for the facility situated in Telangana.

On consolidated basis, Granules Indias net profit rose 48.2% to Rs 33.19 crore on 5% rise in net sales to Rs 372.27 crore in Q4 March 2016 over Q4 March 2015.

Granules India produces finished dosages, pharmaceutical formulation intermediates and active pharmaceutical ingredients.

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Reliance Infra gains after good Q4 result
May 30,2016

The result was announced on Saturday, 28 May 2016.

Meanwhile, the S&P BSE Sensex was up 72.50 points or 0.27% at 26,726.10

On BSE, so far 3.28 lakh shares were traded in the counter as against average daily volume of 5 lakh shares in the past one quarter. The stock hit a high of Rs 553.25 and a low of Rs 542 so far during the day. The stock had hit a 52-week high of Rs 622.05 on 5 January 2016. The stock had hit a 52-week low of Rs 282.20 on 25 August 2015. The stock had underperformed the market over the past one month till 27 May 2016, falling 1.55% compared with Sensexs 2.26% rise. The scrip also outperformed the market in past one quarter, advancing 32.05% as against Sensexs gain of 15.11%.

The large-cap company has equity capital of Rs 262.99 crore. Face value per share is Rs 10.

Reliance Infrastructures consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) rose 53% to Rs 1730 crore in Q4 March 2016 over Q4 March 2015.

Reliance Infrastructure is amongst the largest infrastructure companies, developing projects through various special purpose vehicles (SPVs) in several high growth sectors within the infrastructure space i.e. power, roads, metro rail, cement and defence. The company is also the leading utility company having presence across the value chain of power businesses i.e. generation, transmission, distribution and power trading. The company also provides engineering, procurement and construction (EPC) services for developing power and road projects.

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Jubilant FoodWorks slumps after announcing dismal Q4 numbers
May 30,2016

The result was announced on Saturday, 28 May 2016.

Meanwhile, the S&P BSE BSE sensex was up 60.76 points or 0.23% at 26,712.66.

Higher than normal volumes were witnessed on the counter. On BSE, so far 1.69 lakh shares were traded in the counter as against average daily volume of 61,168 shares in the past one quarter. The stock hit a high of Rs 1,102.20 and a low of Rs 1,011.25 so far during the day. The stock had hit a 52-week low of Rs 896.65 on 12 February 2016. The stock had hit a record high of Rs 1,984 on 17 July 2015. The stock had underperformed the market over the past one month till 27 May 2016, falling 16.49% compared with Sensexs 2.26% gains. The scrip had also underperformed the market in past one quarter, gaining 14.66% as against Sensexs 15.11% gains.

The mid-cap company has equity capital of Rs 65.80 crore. Face value per share is Rs 10.

Jubilant FoodWorks said that pace of expansion in profitability in Q4 March 2016 was moderated owing to same store sales growth (SSG) that stood below potential due to unfavorable macro conditions. Earnings during Q4 also reflect the influence of higher tax on account of investment allowance benefit of only one year as against that of two years in the corresponding period last year, along with higher depreciation witnessed on the back of commissioning of new commissaries, last year. The revenues in Q4 March 2016 showed momentum on account of growth in customer base on the back of wider outreach for companys Dominos Pizza and Dunkin Donuts networks. Incremental share of orders from the online platform also aided growth in revenues. Gains from new product launches which served to draw in new set of customers and building momentum in SSG for Dominos Pizza on an expanded base of restaurants also helped generate higher revenues.

Jubilant FoodWorks and its subsidiary operates Dominos Pizza brand with the exclusive rights for India, Nepal, Bangladesh and Sri Lanka.

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DLF slips after poor Q4 outcome
May 30,2016

The result was announced after market hours on Friday, 27 May 2016.

Meanwhile, the S&P BSE Sensex was up 55.29 points or 0.21% at 26,708.89

On BSE, so far 13.31 lakh shares were traded in the counter as against average daily volume of 13.31 lakh shares in the past one quarter. The stock hit a high of Rs 134 and a low of Rs 126.45 so far during the day. The stock had hit a 52-week high of Rs 142.90 on 9 October 2015. The stock had hit a 52-week low of Rs 72.50 on 12 February 2016. The stock had outperformed the market over the past one month till 27 May 2016, rising 4.75% compared with Sensexs 2.26% rise. The scrip also outperformed the market in past one quarter, advancing 47.85% as against Sensexs gain of 15.11%.

The large-cap company has equity capital of Rs 356.75 crore. Face value per share is Rs 2.

DLFs consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) rose 23% to Rs 1035 crore in Q4 March 2016 over Q4 March 2015.

In a post result statement, DLF said that the company believes that the residential real estate sector in India can see a turnaround in the near future. During the last few quarters, DLF has witnessed large number of inquiries signalling early green shoots of recovery for the sector.

With regard to the commercial real estate development, DLF has started construction of a new office project called Cyber Park at a prime location just opposite Oberoi and Trident Hotels in Gurgaon, with an approximate size of 2.2 msf (including TOD). With regard to the retail mall development business, DLF officially opened its mall Mall of India in Noida with around 90% pre-leasing.

DLF is one of the biggest real estate development companies in India. DLF is primarily engaged in the business of development and sale of residential properties and the development and leasing of commercial and retail properties.

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Volumes jump at Radico Khaitan counter
May 30,2016

Radico Khaitan clocked volume of 6.76 lakh shares by 13:40 IST on BSE, a 32.73 times surge over two-week average daily volume of 21,000 shares. The stock rose 0.41% at Rs 85.

Claris Lifesciences notched up volume of 3.74 lakh shares, a 8.9-fold surge over two-week average daily volume of 42,000 shares. The stock was locked at 20% upper circuit at Rs 201.90.

Ipca Laboratories saw volume of 1.2 lakh shares, a 4.16-fold surge over two-week average daily volume of 29,000 shares. The stock advanced 3.87% at Rs 452.80.

Hindalco Industries clocked volume of 37.54 lakh shares, a 3.82-fold surge over two-week average daily volume of 9.83 lakh shares. The stock jumped 12.14% at Rs 103 after net profit jumped 123.36% to Rs 356.33 crore on 7.6% fall in total income to Rs 8871.66 crore in Q4 March 2016 over Q4 March 2015. The result was announced on Saturday, 28 May 2016.

Crompton Greaves saw volume of 20.05 lakh shares, a 3.55-fold rise over two-week average daily volume of 5.64 lakh shares. The stock surged 11.42% at Rs 66.85.

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SBI gains as bank proposes to contain fresh slippages ratio in FY 2017
May 30,2016

Meanwhile, the S&P BSE Sensex was up 59 points or 0.22% at 26,712.60On BSE, so far 27.84 lakh shares were traded in the counter as against average daily volume of 26.67 lakh shares in the past one quarter. The stock hit a high of Rs 203.80 and a low of Rs 194.80 so far during the day. The stock had hit a 52-week high of Rs 291.85 on 5 August 2015. The stock had hit a 52-week low of Rs 148.30 on 12 February 2016. The stock had underperformed the market over the past one month till 27 May 2016, falling 0.48% compared with Sensexs 2.26% rise. The scrip, however, outperformed the market in past one quarter, advancing 25.15% as against Sensexs gain of 15.11%.

The large-cap state-run bank has equity capital of Rs 776.28 crore. Face value per share is Re 1.

State Bank of India (SBI) extended gains registered during the previous trading session after the banks Chairman Arundhati Bhattacharya said in a post-result conference call held on Friday, 27 May 2016, that bank proposes to contain fresh slippages ratio within 2.7% of advances in the year ending 31 March 2017 (FY 2017). The SBI stock surged 6.42% to settle at Rs 195.55 during the previous trading session on Friday, 27 May 2016, shrugging off weak financial performance for Q4 March 2016. SBI has identified about Rs 31000 crore of loans as under special watchlist for FY 2017, which is just 2.1% of overall loan book. Of these watch list accounts, about 70% of loans have more chances of slipping to NPA category. About Rs 11655 crore of watchlist accounts come from restructured advance book, while the sectors contributing to the watch list accounts are power (Rs 4748 crore), iron and steel (Rs 4299 crore), engineering (Rs 3574 crore), oil and gas (Rs 3396 crore), construction (Rs 2608 crore), chemicals (Rs 2326 crore) etc. SBI aims to achieve credit growth of 12-14% in the current financial year, to be driven by retail credit and good quality corporate book.

SBIs net profit fell 66.23% to Rs 1263.81 crore on 10.10% increase in total income to Rs 53526.97 crore in Q4 March 2016 over Q4 March 2015. The result hit the market during trading hours on Friday, 27 May 2016.

The Government of India holds 60.18% stake in State Bank of India as per the shareholding pattern as on 31 March 2016.

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SBI gains as bank aims to contain fresh slippages in FY 2017
May 30,2016

Meanwhile, the S&P BSE Sensex was up 59 points or 0.22% at 26,712.60On BSE, so far 27.84 lakh shares were traded in the counter as against average daily volume of 26.67 lakh shares in the past one quarter. The stock hit a high of Rs 203.80 and a low of Rs 194.80 so far during the day. The stock had hit a 52-week high of Rs 291.85 on 5 August 2015. The stock had hit a 52-week low of Rs 148.30 on 12 February 2016. The stock had underperformed the market over the past one month till 27 May 2016, falling 0.48% compared with Sensexs 2.26% rise. The scrip, however, outperformed the market in past one quarter, advancing 25.15% as against Sensexs gain of 15.11%.

The large-cap state-run bank has equity capital of Rs 776.28 crore. Face value per share is Re 1.

State Bank of India (SBI) extended gains registered during the previous trading session after the banks Chairman Arundhati Bhattacharya said in a post-result conference call held on Friday, 27 May 2016, that bank proposes to contain fresh slippages ratio within 2.7% of advances in the year ending 31 March 2017 (FY 2017). The SBI stock surged 6.42% to settle at Rs 195.55 during the previous trading session on Friday, 27 May 2016, shrugging off weak financial performance for Q4 March 2016. SBI has identified about Rs 31000 crore of loans as under special watchlist for FY 2017, which is just 2.1% of overall loan book. Of these watch list accounts, about 70% of loans have more chances of slipping to NPA category. About Rs 11655 crore of watchlist accounts come from restructured advance book, while the sectors contributing to the watch list accounts are power (Rs 4748 crore), iron and steel (Rs 4299 crore), engineering (Rs 3574 crore), oil and gas (Rs 3396 crore), construction (Rs 2608 crore), chemicals (Rs 2326 crore) etc. SBI aims to achieve credit growth of 12-14% in the current financial year, to be driven by retail credit and good quality corporate book.

SBIs net profit fell 66.23% to Rs 1263.81 crore on 10.10% increase in total income to Rs 53526.97 crore in Q4 March 2016 over Q4 March 2015. The result hit the market during trading hours on Friday, 27 May 2016.

The Government of India holds 60.18% stake in State Bank of India as per the shareholding pattern as on 31 March 2016.

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Muthoot Finance jumps after posting strong Q4 results
May 30,2016

The result was announced after market hours on Friday, 27 May 2016.

Meanwhile, the BSE Sensex was up 39 points, or 0.15%, to 26,692.93.

On BSE, so far 94,273 shares were traded in the counter, compared with an average volume of 34,177 shares in the past one quarter. The stock hit a high of Rs 238.85, which is also a 52-week high for the stock. The stock hit a low of Rs 227.05 so far during the day. The stock hit a 52-week low of Rs 152 on 23 September 2015. The stock had outperformed the market over the past one month till 27 May 2016, gaining 2.97% compared with Sensexs 2.26% gains. The scrip had also outperformed the market in past one quarter, gaining 20.03% as against Sensexs 15.11% gains.

The mid-cap company has an equity capital of Rs 399 crore. Face value per share is Rs 10.

Meanwhile, in a separate announcement made after market hours on Friday, 27 May 2016, Muthoot Finance said that it will hold 19.5% stake in Belstar Investment and Finance (BIFPL) after acquiring 13.93% of equity share capital of in May 2016 and entering into binding agreement to acquire another 5.57%. BIFPL is an NBFC engaged in the business of micro finance based out Chennai. The company is also planning to acquire additional 11.14% stake in BIFPL subject to regulatory approvals.

Further, the company has entered into binding term sheet to infuse Rs 40 crore in BIFPL. Consequent to the completion of the transactions, the company will be holding 57% of equity share capital of Belstar thereby making it a subsidiary.

BIFPL predominantly follows the self help groups (SHG) model of lending. Effective January 2015, BIFPL started working in JLG model of lending in Pune district, Maharashtra. As of 31 March 2016, BIFPLs operations are spread over four states and 1 UT (Tamil Nadu, Karnataka, Madhya Pradesh, Maharashtra and Pondicherry). It has 76 branches, with 13 controlling regional offices in 12 districts and employs 561 staff. Its loan portfolio has grown from Rs 0.02 crore in March 2009 to Rs 264 crore in March 2016. BIFPLs net profit stood at Rs 3 crore in FY 2016.

Meanwhile, Muthoot Finance said that subsequent to receiving regulatory approvals, the company invested Rs 44.91 core in Muthoot Homefin (India) acquiring 79% of sharecapital making it a subsidiary. It has started its operations primarily in Kerala and Maharashtra. It is primarily focusing on affordable housing segment. As on 31 March 2016, it has a loan portfolioof Rs 30 crore. Muthoots board of directors has also decided to submit an application to Securities and Exchange Board of India (Sebi) seeking its approval to act as a sponsor of a Mutual Fund. Muthoot is also awaiting regulatory clearance on 100% acquisition of Muthoot Insurance Brokers, an IRDA registered Insurance Direct Broker.Further, company increased its shareholding in Asia Asset Finance Plc, its Srilankan subsidiary from 51% to 59.7% during the year ended 31 March 2016 (FY 2016).

Muthoot Finance is the largest gold financing company in India in terms of loan portfolio.

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Punj Lloyd hits 52-week low after reverse turnaround in Q4
May 30,2016

The announcement was made after market hours on Friday, 27 May 2016.

Meanwhile, the BSE Sensex was up 48.22 points, or 0.18%, to 26,701.82

On BSE, so far 4.53 lakh shares were traded in the counter, compared with an average volume of 2.28 lakh shares in the past one quarter. The stock hit a low of Rs 20.10 in intraday trade so far, which is 52-week low for the counter. The stock hit a high of Rs 21.55 so far during the day. The stock hit a 52-week high of Rs 35.80 on 6 August 2015. The stock had underperformed the market over the past one month till 27 May 2016, falling 7.46% compared with Sensexs 2.26% gains. The scrip had also underperformed the market in past one quarter, falling 0.69% as against Sensexs 15.11% gains.

The small-cap diversified engineering, procurement and construction (EPC) conglomerate has an equity capital of Rs 66.42 crore. Face value per share is Rs 2.

Punj Lloyds total income decreased 60.3% to Rs 734.04 crore in Q4 March 2016 over Q4 March 2015. Punj Lloyd groups order backlog stands at Rs 23836 crore, including order backlog of Rs 6845 crore in Libya which is not seeing traction. The order backlog is the value of unexecuted orders as on 31 March 2016 plus new orders received after that date.

Atul Punj, Chairman of Punj Lloyd Group said that the companys focus is on improving the quality of balance-sheet, execution of projects, recovery of claims and cash flows.

Punj Lloyd is a diversified international conglomerate offering EPC services in energy and infrastructure along with engineering and manufacturing capabilities in the defence sector. The second largest engineering and construction company in India, Punj Lloyd has operations spread across 24 countries, a mix across the Middle East, Africa, the Caspian, Europe, Asia Pacific and South Asia.

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