Bharati Shipyard on Monday reported a decline of 29.6 per cent in its net profit for the third quarter ended December, to Rs 23.1 crore due to rise in interest payments.
The company had reported a net profit of Rs 32.9 crore during the corresponding quarter of 2009-10. Net sales of the company rose 7.9 per cent to Rs 344.9 crore for the quarter, as against Rs 319.4 crore it had reported in the same quarter of 2009-10, it said in a filing to the Bombay Stock Exchange.
For the October-December, 2010 quarter, the company paid Rs 63.4 crore in interest on loans, vis-a-vis Rs 23 crore during the quarter last financial year, Bharati said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app