Pipavav Q3 net profit at Rs 2.6 crore
Pipavav Shipyard Ltd on Friday reported a net profit of Rs 2.6 crore for the quarter ending December 31, 2010.
By PTI |
NEW DELHI: Integrated ship-building facility Pipavav Shipyard Ltd on Friday reported a net profit of Rs 2.6 crore for the quarter ending December 31, 2010.
The company, however, had reported a net loss of Rs 39.82 crore for the October-December period last fiscal, the company said in a statement.
The total income for the quarter went up by 51 per cent to Rs 254 crore, over Rs 167 crore for the same period last fiscal, the statement added.
Pipavav Shipyard in December last year signed an agreement with SAAB Dynamics AB, part of Sweden's Wallenberg Group, to tap opportunities in India's defence segment.
Pipavav had said that through this pact it will have an access to the Wallenberg Group's technology for products in the defence and aerospace sectors.
The company, however, had reported a net loss of Rs 39.82 crore for the October-December period last fiscal, the company said in a statement.
The total income for the quarter went up by 51 per cent to Rs 254 crore, over Rs 167 crore for the same period last fiscal, the statement added.
Pipavav Shipyard in December last year signed an agreement with SAAB Dynamics AB, part of Sweden's Wallenberg Group, to tap opportunities in India's defence segment.
Pipavav had said that through this pact it will have an access to the Wallenberg Group's technology for products in the defence and aerospace sectors.
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