Western India Shipyard swings back to net profit in Q1

Western India Shipyard Ltd registered net profit of Rs5.8 crore in the first quarter as against the loss of Rs9.7 crore a year ago on higher turnover.

The company reported a total turnover of Rs30 crore in the June 2010 quarter compared to Rs10.5 crore in same quarter last year.

It has repaired 17 vessels and one deep water oil rig during the June 2010 quarter, said the company in a regulatory filing.

On Monday, Western India Shipyard shares ended 0.3% down at Rs12 on the Bombay Stock Exchange, while the Sensex closed 0.7% up at 18,278 points.

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Gayatri Projects Q1 net profit rises to Rs15.1 crore

Construction and engineering company Gayatri Projects Ltd said its first quarter net profit rose to Rs15.1 crore from Rs12 crore in the same quarter a year ago.

In the June 2010 quarter, the Hyderabad-based company's total revenues increased to Rs342.6 crore from Rs291 crore a year ago.

On Monday, Gayatri Projects shares declined 2% to Rs374 on the Bombay Stock Exchange, while the Sensex closed 0.7% up at 18,278 points.

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