Cochin Shipyard net profit rises 32% to Rs 223.73 cr in Dec quarter

State-run Cochin Shipyard on Friday posted a 32 per cent rise in consolidated net profit at Rs 223.73 crore during the quarter ended December.

The company had posted a net profit of Rs 169.81 crore during the same quarter a year ago, the company said in a BSE filing.

Its total income during the quarter under review fell to Rs 763.43 crore from Rs 950.34 crore in the year-ago period.

The company, however, managed to reduce its total expenses to Rs 461.45 crore as compared to Rs 722.12 crore in the year-ago quarter.

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

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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