Bharati Shipyard's Q3 net profit down 30 pc, to Rs 23.16 cr

Bharati Shipyard today reported a decline of 29.66 per cent in its net profit for the third quarter (Q3) ended December 31, to Rs 23.16 crore due to rise in interest payments.
The company had reported a net profit of Rs 32.93 crore during the corresponding quarter of 2009-10.
Net sales of the company rose 7.97 per cent to Rs 344.97 crore for the quarter, as against Rs 319.48 crore it had reported in Q3 of 2009-10, it said in a filing to the Bombay Stock Exchange.
For the October-December, 2010 quarter, the company paid Rs 63.47 crore in interest on loans, vis-a-vis Rs 23.05 crore during Q3 in the last fiscal, Bharati said.
The company's scrip closed today at Rs 156.50 apiece on the BSE, down 2.80 per cent from the previous close.
Source: Press Release