Pipavav Defence and Offshore Engineering Company has reported results for second quarter ended September 30, 2014.
The company has posted net loss of Rs 68.33 crore for the quarter ended September 30, 2014 as compared to a net profit of Rs 4.54 crore for the same quarter in the previous year. Total income has decreased by 73.48% at Rs 216.29 crore for quarter under review as compared to Rs 815.65 crore for the quarter ended September 30, 2013.
Pipavav Defence and Offshore Engineering Company is engaged in defence, offshore, marine and engineering sectors. The company has two units, one special economic zone (SEZ) unit spread over around 95 hectares of land and another export oriented unit (EOU) spread over around 103.92 hectares of land.
