Bharati Shipyard Limited, one of the leading private sector shipyard, today announced its first quarter performance for the period ended June 30, 2007, reporting a healthy 83.56 per cent jump in Net Profit to Rs. 22.23 crore, as compared to Rs. 12.11 crore during the corresponding quarter last year.
The company has recorded a healthy top line growth during the quarter, with Net Sales jumping 118% to Rs. 147.16 crore as compared to Rs. 67.30 crore during the corresponding period last year.
The EPS for the Quarter stood at Rs. 9.88 as on June 2007, as against Rs 5.39 as on June 2006.
Commenting on the excellent Q1 performance, Mr. P.C. Kapoor, Managing Director, BSL said: “Our healthy order book position and better execution of orders as on June 2007, which has more than doubled to Rs. 3,723.65 crore as compared to Rs. 1,463.77 crore as on June 2006 has contributed to our topline growth. The order book pending execution stands at Rs 3119.75 crore as on June 2007 as compared to Rs 1,035.08 crore as on June 2006. The capital expansion at our yards and consequent increase production has resulted into the growth of our turnover and profitability.
The Board of Directors, which met here today, also took on record the notices for conversion of FCCB bonds. On conversion, the shares will be issued at the rate of Rs 421.94 per share.
The company has recorded a healthy top line growth during the quarter, with Net Sales jumping 118% to Rs. 147.16 crore as compared to Rs. 67.30 crore during the corresponding period last year.
The EPS for the Quarter stood at Rs. 9.88 as on June 2007, as against Rs 5.39 as on June 2006.
Commenting on the excellent Q1 performance, Mr. P.C. Kapoor, Managing Director, BSL said: “Our healthy order book position and better execution of orders as on June 2007, which has more than doubled to Rs. 3,723.65 crore as compared to Rs. 1,463.77 crore as on June 2006 has contributed to our topline growth. The order book pending execution stands at Rs 3119.75 crore as on June 2007 as compared to Rs 1,035.08 crore as on June 2006. The capital expansion at our yards and consequent increase production has resulted into the growth of our turnover and profitability.
The Board of Directors, which met here today, also took on record the notices for conversion of FCCB bonds. On conversion, the shares will be issued at the rate of Rs 421.94 per share.