Bharati Shipyard net profit down 40.60% in Q1FY2010

Bharati Shipyard Ltd  today reported a decline of 40.60% in the net profits for Q1FY2010 to Rs.22.12 crore, while net sales grew by 9.38% to Rs.333.06 crore over the same period last year, reports commodity online.
Bharati Shipyard's total order book position declined to Rs 4997.90 crore at end June 2010 from Rs 5076 at end March 2010. The order book pending execution declined to Rs 1920.43 crore from Rs 2560.29 crore at end March 2010.