Punj Lloyd hit a new 52-week low today at Rs.20.10 and remains firmly around the same levels, some 5% down and is the top loser on the bourses currently.

The company performance for Q4FY16 has been bad. It posted a net loss of Rs.468 crore for Q4FY16 v/s profit of Rs.268 crore in Q4FY15. The fall began right from the topline – total income was down by a huge 43% at Rs.723 crore. Though it managed to bring down its costs by 13%, the recouping never could happen. Interest outgo of Rs.204 crore and tax of Rs.14 crore only increased the loss.

The company ended FY16 with a 40% drop in consolidated total income at Rs.4320 crore. Interest outgo for the fiscal was at Rs.1070 crore and it ended with a loss of Rs.2245 crore v/s loss of Rs.1141 crore in FY15.