This is one company which has been advertising extensively on television, even in these difficult times of a slowdown. But one look at the second quarter performance of the company indicates why the company is go gung-ho and foresees no need to cut down on advertising.
For the second quarter ended 30th September 2008, the net sales rose 54% at Rs.2926.05 crore on a YoY. Its EBIDTA was up 77% at Rs.363 crore. Consolidated PAT was up a healthy 61% at Rs.144 crore.
Interest costs have gone up by around 25% during Q2FY09. Though this cost is not expected to come down soon, the fall in the prices of commodities is expected to offset the rise in interest cost.
During the quarter the company bagged orders from Qatar Petroleum for over Rs.3636 crore and GVK Power of Rs.1005 crore amongst others. Its subsidiary, Punj Lloyd Upstream won its first drilling contract in Libya from Waha Oil Company.
The order backlog currently stands at over Rs.21,000 crore of which only 21% is from the Indian operations. This company also get carried away with the boom in realty and ventured into the sector. For now, it has slowed down but its exposure stands at Rs.100 crore (around 15 acres of land), which in the overall macro picture of the company is not too much.
For Q2FY09, the company had a OPM of around 9% and in the remaining two quarters of this fiscal, it hopes to either maintain it or even post higher margins. It plans to focus on markets in West Asia, North Africa, Sub-Sahara and Africa
For the second quarter ended 30th September 2008, the net sales rose 54% at Rs.2926.05 crore on a YoY. Its EBIDTA was up 77% at Rs.363 crore. Consolidated PAT was up a healthy 61% at Rs.144 crore.
Interest costs have gone up by around 25% during Q2FY09. Though this cost is not expected to come down soon, the fall in the prices of commodities is expected to offset the rise in interest cost.
During the quarter the company bagged orders from Qatar Petroleum for over Rs.3636 crore and GVK Power of Rs.1005 crore amongst others. Its subsidiary, Punj Lloyd Upstream won its first drilling contract in Libya from Waha Oil Company.
The order backlog currently stands at over Rs.21,000 crore of which only 21% is from the Indian operations. This company also get carried away with the boom in realty and ventured into the sector. For now, it has slowed down but its exposure stands at Rs.100 crore (around 15 acres of land), which in the overall macro picture of the company is not too much.
For Q2FY09, the company had a OPM of around 9% and in the remaining two quarters of this fiscal, it hopes to either maintain it or even post higher margins. It plans to focus on markets in West Asia, North Africa, Sub-Sahara and Africa
Source: sptulsian.com
