Kolkata, Feb 13 (IANS): Diversified engineering, construction and procurement firm Punj Lloyd Limited (PLL) Friday said its net profit for the financial quarter ended Dec 31 shrank at Rs. 148 crore compared to the marginal profit of Rs.1 crore in the corresponding timeperiod last fiscal.

Gross income of the company fell by 30.37 percent at Rs.1,419 crore compared to Rs.2,038 crore for the corresponding timeperiod last year.

The cash flow situation of the firm also worsened by 60.87 percent to Rs.99 crore while for the corresponding timeframe last year, it stood at Rs.253 crore.

The company said its order backlog stands at Rs.23,181 crore. The order backlog is the value of unexecuted orders on Dec 31 last year in addition to new orders received after that date while the firm is bullish on the defence segment it recently entered two months back.

For the financial quarter ended Sep 30 last year, the company's loses stood at Rs.264 crore.

Shares of the company fell by 3.38 percent on the National Stock Exchange in the afternoon trade.