Pipavav Defence and Offshore Engineering Company has reported results for second quarter ended September 30, 2015.
The company has reported a net loss of Rs 170.22 crore for the quarter ended September 30, 2015 as compared to net loss of Rs 120.51 crore for the same quarter in the previous year. Total income of the company has decreased by 70.93% at Rs 62.88 crore for the quarter under review as compared to Rs 216.29 crore in the corresponding quarter of the 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 and another export oriented unit (EOU).
