Tata Motors reported 56.2% YOY fall in net profit at Rs.1,716 crore for the Mar'15 quarter mainly on account higher depreciation in JLR operations and forex loss of Rs.2,352 crore caused by cross currency headwinds .Total revenue grew by 3.4% YOY at Rs. 67,546 crore during the Mar'15 quarter.
PTC India Financial Services (PFS) has reported a 65.91 per cent decline in net profit at Rs. 15.80 crore in January-March this year against Rs. 46.36 crore a year ago. Total revenue for the fourth quarter of 2014-15 grew 45 per cent to Rs. 217.25 crore from Rs. 149.44 crore in the same period last year.
Punj Lloyd has secured a 41-km long, Rs. 541.84-crore road project in Bihar from NHAI. The scope of work for the project includes four-laning from 360.91 km to 402 km of Gorakhpur-Gopalganj section of NH28 in Bihar. The highway aims at cutting down the travel time between Gorakhpur and Gopalganj and Gorakhpur and Patna by reducing the congestion and fixing geometric deficiencies at various intersections. The project is scheduled to be completed in 24 months. The group’s order backlog stands at Rs. 21,694 crore.
