Pipavav Defence and Offshore Engineering Company (Pipavav
Shipyard) today reported a 10.7 per cent dip in net profit to Rs 8.40 crore for
the quarter ended September 30. The company had posted a net profit of Rs 9.41
crore in the quarter ended September 30, 2011, it said in a BSE filing.
However, the total income of the company rose by 48.9 per
cent to Rs 666 crore during the quarter under review from Rs 447 crore in a
year-ago period. The company has recently ventured into defence sector. Shares
of Pipavav closed today at Rs 82.45 apiece on the BSE, down 0.78 per cent from
the previous close.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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