Pipavav Defence and Offshore Engineering Company has reported results for fourth quarter and year ended March 31, 2012.
The company has reported net loss of Rs 12.81 crore for the quarter ended March 31, 2012, against net profit of Rs 49.27 crore for the corresponding period last fiscal. However, total income increased by 136.37% at Rs 624.24 crore during the quarter under review from Rs 264.10 crore in the year-ago period.
For the full year ended March 31, 2012 the company has posted a fall of 53.60% in its net profit at Rs 18.51 crore as compared to Rs 39.89 crore for the same period in the previous year. However, total income has increased by 104.82% at Rs 1891.46 crore for year under review as compared to Rs 923.49 crore for the period ended March 31, 2011.
For the full year ended March 31, 2012, on the consolidated basis, the company has posted a fall of 50.60 % in its net profit at Rs 21.64 crore as compared to Rs 43.81 crore for the same period in the previous year. However, total income has increased by 104.81% at Rs 1891.48 crore for year under review as compared to Rs 923.54 crore for the period ended March 31, 2011.
