Pipavav Shipyard has reported results for the year ended March 31, 2011.
The company has registered a net profit for the year under review at Rs 39.77 crore as compared to a net losss of Rs 48.82 crore for FY10. Its total income has increased by 32.49% at Rs 923.30 crore for the year from Rs 696.89 crore in previous year.
On consolidated basis, the group has reported a net profit of Rs 43.69 crore as compared to a net loss of Rs 46.07 crore for the year ended March 31, 2010. Total income for the year has increased by 32.48% at 923.35 crore as compared to Rs 696.93 crore for the previous year.
