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.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
