Thursday, February 10, 2011

ABG Shipyard Limited = RESULTS = FOR Q3 FY 2011 = QTR ENDING DECEMBER 2010 = NET PROFITS DOWN BY 35.78%



ABG Shipyard Limited

NSE Symbol   ABGSHIP


ABG SHIPYARD has declared results for the third quarter ending December,2010.

Net Sales is Rs.540 cr – down by 2.75% from previous qtr (Q2 FY 11) and up by 9.61% from corresponding qtr (Q3 FY 10).

Total Expenditure is Rs.418 cr – down by 1.37% from previous qtr and up by 14.39 % from corresponding qtr.

Profit from Operations is Rs.122 cr – down by 7.24% from previous qtr and down by 4.16% from corresponding qtr.

Net Profit is Rs.53 cr – down by 5.01% from previous qtr and down by a huge 35.78% from corresponding qtr.

Basic EPS is Rs.10.5 against Rs.11.05 in previous qtr and Rs.16.16 in corresponding Qtr.

RESULTS TABLE :

ABG SHIP
31-Dec-10
30-Sep-10
30-Jun-10
31-Mar-10
31-Dec-09
Net Sales
54018
55548
44945
52016
49282
DIF %1
540
-2.75
20.19
3.85
9.61
Incre./decr.in SIT / WIP
5519
5569
13581
-12368
-266
Raw Materials
22907
27254
11420
45687
25619
Employees Cost
1578
1612
1393
1858
1228
Depreciation
1737
1406
1366
1224
8269
Other Expenditure
10098
6578
6102
5721
1725
Total Expenditure
41839
42419
33862
42122
36575
DIF %2
418
-1.37
23.56
-0.67
14.39
Profit from Operations
12179
13129
11083
9894
12707
DIF %3
122
-7.24
9.89
23.09
-4.16
Other Income
3
52
250
308
129
Interest
4024
4012
4207
3632
3808
Exceptional Items
-
743
1375
514
-3439
Profit before tax
8158
8426
5751
6056
12467
Tax expense
2813
2799
1910
771
4238
Net Profit
5345
5627
3841
5285
8229
DIF %4
53
-5.01
39.16
1.14
-35.78
Dividend (%)
-
-
-
40
-
Face Value (In Rs
10
10
10
10
10
Paid Up Equity
5092
5092
5092
5092
5092
Basic EPS
10.5
11.05
7.54
10.38
16.16
Public holding (%)
39.65
42.91
42.86
42.86
42.86

09-02-2011    ABG Shipyard Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 54018 lacs for quarter ending on 31-DEC-2010 against Rs. 55548 lacs for the quarter ending on 30-SEP-2010. Net Profit / (Loss) of Rs. 5345 lacs for the quarter ending on 31-DEC-2010 against Rs. 5627 lacs for the quarter ending on 30-SEP-2010.

02-11-2010    Abg Shipyard Limited has informed the Exchange vide its letter dated November 02, 2010 regarding "ABG BAGS EXPORT ORDER WORTH RS.2000.00 CRORES FOR CONSTRUCTION OF 2JACK UP RIGS".

15-10-2010    Abg Shipyard Limited has informed the Exchange vide its letter dated October 15, 2010 regarding "Delivery of Vessels".   

15-10-2010    Abg Shipyard Limited has informed the Exchange vide its letter dated October 15, 2010 regarding "ABG Bags Order Worth Approx. USD82.5 Million (approx. Rs. 370.00 crores)".

15-09-2010    ABG Shipyard Limited has informed the Exchange that the Company has been awarded with a 'Shield for Star Performer as Large Enterprise' in the product group of Miscellaneous Transport Equipment and Parts in recognition of Company's outstanding contribution to Engineering Exports during the year 2008-09. Further, the Company has infromed that the Company has been recipient of this award for the seventh consecutive year starting 2002-03 and 8th in overall.

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