Bharati Shipyard Limited, one of the leading Private Sector Shipyards in India, has reported 25.49% rise in its Net Profit to Rs 37.25 crore for the period April to June 2009, as compared to Rs 29.68 crore during the corresponding period last year. The total turnover increased 48.27% to Rs 304.49 crores for quarter ended 30th June 2009 as against Rs. 205.37 crores for quarter ended 30th June 2008.

Commenting on the excellent performance, Mr. P. C. Kapoor, Managing Director, BSL, said: “Primary reason for the increase in revenue was higher execution rate of our order book during the quarter.”

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• Total Turnover rises 48.27% to Rs 304.49 crores for quarter ended 30th June 2009 as against Rs. 205.37 crores for quarter ended 30th June 2008.
• Net Profit rises 25.49% to Rs. 37.25 crores for quarter ended 30th June 2009 as compared to Rs. 29.68 crores for the quarter ended 30th June 2008.
• The EBITDA increased 41.93% to Rs. 56.28 crores for quarter ended 30th June 2009 compared to Rs. 39.65 crore for quarter ended 30th June 2008.

“The order reflects faith of international customers in our offshore expertise and the high confidence that we at BSL enjoy from our global customers. Our total order book now stands at Rs. 5065.5 crores,” Mr. Kapoor added.

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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