Great Offshore reports net profit; stock down

Great Offshore reported net profit of Rs 47.73 crores for the quarter ended March 2011 against profit of Rs 1.83 crores in the corresponding previous quarter. Net sales were at Rs 207.11 crores as compared to Rs 194.66 crores.

The stock was at Rs 231.35, down 2.01 per cent on the NSE. It touched a high of Rs 236.90 and low of Rs 226.30 in trade so far.