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| Bharati Shipyard FY 08-09 Net Profit up 21% to Rs 130 cr |
| Announcement / Corporate Apr 29, 2009, 20:08 IST |
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Highlights of Financial Results for period ended March 31, 2009
- Total Turnover rises 45.49% to Rs 934.10 crore for April 2008 – March 2009 as against Rs.642.05crore for April – March 2008
- Net Profit rises 21% to Rs. 130.03crore for March 2009 as compared to Rs. 107.45crore for the last year
- The EBITDA increased 33.27% to Rs. 171.46crore for 2008-09 from Rs. 128.65 crore for 2007-08
- The EPS for the current year Rs.47.17 (08-09) has increased by almost 9% as compared to last year Rs 43.41 (07-08)
Bharati Shipyard Limited, one of the leading Private Sector Shipyard in the country, has reported 21% per cent jump in Net Profit to Rs 130.03crore for 12-month period ending March 31, 2009 as compared to Rs. 107.45 crore for the corresponding period last year.
The Turnover for April – March 2009 increased 45.49 % to Rs 934.10crore as compared to Rs 642.05crore for the corresponding period last year.
The company reported 8.35% growth in Net profit for the January – March 2009 quarter to Rs 35.38crore as compared to Rs 32.65 crore for the corresponding quarter last year. The total turnover for the Jan- March 2009 quarter stood at Rs 284.27crore, an increase of 54.28% per cent as compared to Rs.184.25 crore for the corresponding quarter last year.
Commenting on the excellent performance, Mr. P. C. Kapoor, Managing Director, BSL, said: “The benefits of expanded capacities at Ratnagiri and Goa as also the timely and efficient execution of orders contributed to the stellar financial performance during the year.”
The EBITDA for the year increased 33.27% to Rs 171.46crore as against Rs 128.65crore for the previous year. The EPS for the year was Rs. 47.17, up 8.64% over last year EPS of Rs. 43.41.
About Bharati Shipyard Limited:
Mr. P. C. Kapoor and Mr. Vijay Kumar, both Naval Architects from IIT Kharagpur, established Bharati Shipyard in 1973. BSL has emerged as the leading private sector shipyard in India and designs and constructs various types of sea going, coastal harbor, inland crafts vessels, Oil rigs.
Bharati Shipyard currently owns five shipyards, which are strategically located at Dabhol, Ratnagiri, Ghodbunder – Thane, Kolkata and Mangalore
A subsidiary of the group, Pinky Shipyard Ltd., owns a shipyard at Goa.
BSL has a strong order book position of Rs. 5093.71 crores as on March 31, 2009. BSL’s majority of the order book comprises of offshore segment like AHTS, OSVs and Rigs and reflects its superior quality engineering skill sets and ability to deliver on time.
For more information, Pleas visit www.bharatishipyard.com
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