Mumbai: ABG Shipyard today said it has posted a profit after tax (PAT) of Rs 51.96 crore for the quarter-ended 31 March, up 12.84% in comparison with the same period last year.
For quarter-ended 31 March, 2008, it had posted a PAT of Rs46.05 crore, the company said in a release.
The company’s net sales for the reporting quarter was Rs370.86 crore against Rs276.68 crore for the same period a year ago, a jump of 34.04%, the relase said.
Its net profit for the year-ended 31 March was Rs171.10 crore against Rs160.68 crore a year ago, up by 6.48%, it said.
Its net sales for the year-ended 31 March was Rs1,412.20 crore up 46.06% compared to Rs966.84 crore a year ago.
The company’s board has recommended a dividend of Rs2 per share of Rs10 each.
As on 31 March, 2009, its order book stands at Rs11,500 crore. During 2008-09, it bagged orders worth Rs305 crore from Marnavi Spa and Council for Scientific and Industrial Research.
“We expect pick-up in growth momentum in order book as we see stability in trade and increased activity in oil and gas exploration,” ABG Shipyard CFO Dhananjay Datar said.