Pipavav Defence has reported results for third quarter ended December 31, 2012.
The company has reported 28.13% fall in its net profit at Rs 10.04 crore for the quarter as compared to Rs 13.97 crore for the same quarter in the previous year. However, total income of the company has increased by 35.05% at Rs 629.87 crore for quarter under review as compared to Rs 466.39 crore for the quarter ended December 31, 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.
