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Cochin Shipyard Q3 net profit rises 32.42 pc to Rs 169.81 cr

New Delhi, Feb 11 (PTI) State-owned Cochin Shipyard on Tuesday reported a 32.42 per cent rise in consolidated net profit at Rs 169.81 crore for the quarter ended December 2019.

The company had clocked a net profit of Rs 128.23 crore in the corresponding quarter of the previous financial year, it said in a regulatory filing to the BSE.

Total income rose 23.89 per cent to Rs 950.34 crore as compared with Rs 767.07 crore in the corresponding period of the previous financial year.

Total expenses stood at Rs 722.12 crore in the quarter under review as against Rs 571.43 crore in the year-ago period.

Cochin Shipyard is one of the leading shipbuilding and repair companies in India. PTI NAM RVK