Sunday, May 4, 2008

Great Offshore sets sail on good quarterly earnings

Great Offshore gained 1.09% to Rs 661 at 11:18 IST on BSE after posting 41.6% surge in net profit to Rs 42.39 crore on 23.9% rise in net sales to Rs 184.98 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 672 and a low of Rs 656.05 so far during the day. The stock had a 52-week high of Rs 1149.95 on 8 January 2008 and a 52-week low of Rs 560 on 18 March 2008.

The company’s current equity is Rs 38.12 crore. Face value per share is Rs 10.

The current price of Rs 661 discounts its Q4 March 2008 annualised EPS of Rs 44.49, by a PE multiple of 14.86.

Great Offshore’s net profit rose 43.69% to Rs 203.21 crore on 37.76% growth in total income to Rs 750.31 crore in the year ended March 2008 (FY 2008) over the year ended March 2007 (FY 2007).

Great Offshore is an integrated offshore oilfield services provider, offering a broad spectrum of services to upstream oil and gas producers.

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