Pipavav Defence and Offshore Engineering Company has reported results for first quarter ended June 30, 2012.
On standalone basis, the company has reported a fall of 74.56% in its net profit at Rs 2.01 crore for the quarter, as compared to Rs 7.90 crore for the same quarter in the previous year. However, total income of the company has increased by 68.59% to Rs 581.47 crore for the quarter under review as compared to Rs 344.90 crore for the quarter ended June 30, 2011.
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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