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Pipavav Defence and Offshore Engineering Company reports net profit of Rs 8.24 crore in Q4

31 May 2013 Evaluate

Pipavav Defence and Offshore Engineering Company reported results for the fourth quarter and year ended March 31, 2013.

The company has reported a net profit of Rs 8.24 crore for the quarter ended March 31, 2013 as compared to a net loss of Rs 12.81 crore for the same quarter in the previous year.  Total income from operations has increased by 17.74% at Rs 727.05 crore for quarter under review as compared Rs 617.51 crore for the quarter ended March 31, 2012.

For the year ended March 31, 2013, the company has registered 55.16% rise in its net profit at Rs 28.72 crore in FY13 as against Rs 18.51 crore in previous years. Total income from operation of the company has increased to Rs 2586.46 crore as compared to Rs 1867.06 crore in FY12, up by 38.53%.

On consolidated basis, for the full year ended March 31, 2013, the company has posted a 43.67% rise in its net profit after taxes, Minority Interest and share of Profit / (Loss) of Associates at Rs 31.09 crore under year under review as compared to Rs 21.64 crore in FY12. Total income has increased by 38.53% at Rs 2586.46 crore for year under review as compared to Rs 1867.06 crore for the period ended March 31, 2012.

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