Pipavav Shipyard Limited
NSE Symbol PIPAVAVYD
PIPAVAV SHIPYARD has reported improved results for FY 2011.
Net Sales in FY 11 has been Rs.859.93 cr – an increase of 36.63% over FY 10.
Total Expenditure is Rs.750.06 cr in FY 11 – an increase of 12.22% over FY 10.
Profit from Operations has increased to Rs.117.56 cr in FY 11 – compared to a loss of Rs.38.99 cr in FY 10.
Other Income in FY 11 is Rs.55.73 cr – compared to Rs.67.55 cr in FY 10.
Interest expenditure has gone up to Rs.119.00 cr in FY 11 – compared to Rs.73 cr in FY 10.
Tax Expense in FY 11 is Rs.10.59 cr – compared to Rs.1.63 cr in FY 10.
Net Profit in FY 11 comes to Rs.43.69 cr compared to a loss of Rs.46.07 cr in FY 10.
The total FY 11 Basic EPS is Rs.0.66 compared to Rs(-)0.77 in FY 10. The C-Basic EPS has been Rs.0.04 for Q3; Rs.(-).03 in Q2 and Rs(-)0.15 in Q1 FY 11. Thus, PIPAVAV has registered its first annual positive consolidated EPS in FY 11.
RESULTS TABLE :
| FY 11 CS | ||
| Net Sales | 85993.08 | 62938.26 |
| Other Operating Income | 768.29 | - |
| Increase in SIT / WIP | 2235.06 | 11294.3 |
| Raw Materials | 28283.2 | 16931.91 |
| Traded goods | 25758.8 | 9477.15 |
| Employees Cost | 2773.33 | 2197.76 |
| Depreciation | 5198.09 | 3773.62 |
| Other Expenditure | 10757.12 | 23162.38 |
| Total Expenditure | 75005.6 | 66837.12 |
| Profit from Operations | 11755.77 | -3898.86 |
| Other Income | 5573.31 | 6754.79 |
| Profit before Int & EI | 17329.08 | 2855.93 |
| Interest | 11900.7 | 7300.02 |
| Profit after Int BB EI | 5428.38 | -4444.09 |
| Profit before tax | 5428.38 | -4444.09 |
| Tax Expense | 1059.25 | 162.53 |
| Net Profit | 4369.13 | -4606.62 |
| Face Value (in Rs.) | 10 | 10 |
| Paid-up Equity | 66579.84 | 66579.84 |
| Reserves | 102501.56 | 103650.01 |
| Basic EPS | 0.66 | -0.77 |
| Public Shareholding (%) | 55 | 60.44 |
ANNOUNCEMENTS TO NSE
24-03-2011 Pipavav Shipyard Limited received License to build Warships for Indian Navy. The Company has now informed that it has also received clearance from Foreign Investment Promotion Board (FIPB), Ministry of Finance, Government of India which permits foreign direct equity investment.The Company has obtained all statutory clearances required for warship building for defence sector. The clearance will help the Company to bid for all future warship projects like frigates, destroyers, aircraft carriers, LPDs, submarine, corvettes etc. of Indian Navy. -
17-02-2011 Pipavav Shipyard Limited "MoU signed with Northrop Grumman Overseas Service Corporation,Delaware,USA".
23-12-2010 "Pipavav Shipyard Limited (the Company) has signed a Memorandum of Understanding (MOU) with SAAB Dynamics AB (SAAB), a part of Swedish multinational giant - Wallenberg Group".
09-12-2010 "Pipavav Shipyard Limited (the Company) has signed Protocol with M/s Rosoboron Export which is a Russian Government arm for Defence co-operation with foreign Governments.
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