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Pipavav Defence and Offshore Engineering Company reports 46.07% fall in Q2 net profit

15 Nov 2013 Evaluate

Pipavav Defence and Offshore Engineering Company has reported results for the second quarter ended September 30, 2013.

The company has reported 46.07% fall in its net profit at Rs 4.53 crore for the quarter as compared to Rs 8.40 crore for the same quarter in the previous year. However, total income of the company has increased by 21.73% at Rs 815.65 crore for quarter under review as compared to Rs 670.02 crore for the quarter ended September 30, 2012.

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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