Mumbai: Stocks of engineering firm Punj Lloyd on Friday zoomed nearly 14 percent after it reported standalone net profit of Rs 268.53 crore for the fourth quarter ended March 31, 2015.
The scrip settled with a sharp gain of 13.48 percent at Rs 26.10 on the BSE.
During the day, it jumped 18.47 percent to Rs 27.25.
At the NSE, it closed at Rs 26.10, up 13.72 percent from its previous close.
Led by the gain in the stock, the company's market value moved up by Rs 103.77 crore to Rs 866.77 crore.
About 70 lakh shares of the company were traded at the BSE and over 2 crore shares at the NSE during the day.
Punj Lloyd today reported standalone net profit of Rs 268.53 crore for the fourth quarter ended March 31, 2015 mainly on account of a sharp rise in other income.
It had reported net profit of Rs 5 lakh for the January- March quarter of the previous fiscal, 2013-14.
Its total income from operations on a standalone basis dipped sharply to Rs 1,289.91 crore during the March quarter of last fiscal, from Rs 2,037.21 crore in the same quarter of the 2013-14 fiscal, the company said in a filing to the BSE.
Punj Lloyd showed a big jump in 'other income' to Rs 569.63 crore during the March quarter, from a mere Rs 11.17 crore in the year-ago period.
In the broader market, the BSE 30-share Sensex ended at 27,957.50, up 148.15 points.
