Pipavav Defence & Offshore Engineering Company net profit declines 84.10% in the March 2014 quarter

Sales decline 38.01% to Rs 449.10 crore

Net profit of Pipavav Defence & Offshore Engineering Company declined 84.10% to Rs 1.31 crore in the quarter ended March 2014 as against Rs 8.24 crore during the previous quarter ended March 2013. Sales declined 38.01% to Rs 449.10 crore in the quarter ended March 2014 as against Rs 724.46 crore during the previous quarter ended March 2013.

For the full year,net profit declined 70.89% to Rs 8.36 crore in the year ended March 2014 as against Rs 28.72 crore during the previous year ended March 2013. Sales declined 9.64% to Rs 2267.21 crore in the year ended March 2014 as against Rs 2509.02 crore during the previous year ended March 2013.

ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales449.10724.46 -38 2267.212509.02 -10 OPM %31.2118.04 -27.1221.32 - PBDT58.1942.29 38 189.63164.07 16 PBT15.9911.24 42 27.9341.37 -32 NP1.318.24 -84 8.3628.72 -71

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