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Great Offshore declines on reporting 13% fall in Q1 net profit

08 Aug 2012 Evaluate

Great Offshore is currently trading at Rs. 82.30, down by 0.45 points or 0.54% from its previous closing of Rs. 82.75 on the BSE.

The scrip opened at Rs. 83.50 and has touched a high and low of Rs. 85.50 and Rs. 82.05 respectively. So far 25495 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 188.20 on 09-Aug-2011 and a 52 week low of Rs. 70.00 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 85.50 and Rs. 78.15 respectively. The current market cap of the company is Rs. 306.42 crore.

The promoters holding in the company stood at 49.73 % while Institutions and Non-Institutions held 8.30 % and 41.94 % respectively.

Great Offshore has reported results for first quarter ended June 30, 2012.

The company has reported a fall of 12.60% in its net profit at Rs 47.98 crore for the quarter under review as compared to Rs 54.90 crore for the same quarter in the previous year. The total income from operation of the company has decreased by 4.23% at Rs 269.74 crore for Q1FY13 as compared Rs 281.66 crore for the corresponding quarter previous year.

Great Offshore is India’s prominent integrated offshore oilfield services provider, offering a broad spectrum of services to upstream oil and gas producers to carry out offshore exploration and production (E&P) activities.

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