Bharati Shipyard turnover up

Bharati Shipyard Ltd’s turnover has shot up by 47.97 per cent to Rs 316.33 crore during July-September 2009-10 from Rs 213.78 crore during the corresponding period of 2008-09.

However, Bharati has posted a 1.44 per cent drop in net profit to Rs 32.69 crore for the second quarter due to a rise in raw material costs and interests.

According to Exim News Service, the company is awaiting the Securities and Exchange Board of India’s (Sebi) approval on the open offer for the takeover of Great Offshore.
 

(Source: Transport Weekly)