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Pipavav Defence reports net loss of Rs 70.22 crore in Q3

14 Feb 2015

Pipavav Defence and Offshore Engineering Company has reported results for fourth quarter ended December 31, 2014.

The company has reported a net loss of Rs 70.22 crore for the quarter under review as compared to a net loss of Rs 4.77 crore for the same quarter in the previous year. Total income of the company decreased 20.41% at Rs 261.16 crore for Q3FY15 as compared Rs 328.12 crore for the corresponding quarter previous year.

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.

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