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State-owned Cochin Shipyard on Tuesday reported a 32.42 per cent rise in consolidated net profit at ₹169.81 crore for the quarter ended December 2019.
The company had clocked a net profit of ₹128.23 crore in the corresponding quarter of the previous financial year.
Total income rose 23.89 per cent to ₹950.34 crore as compared with ₹767.07 crore in the corresponding period of the previous financial year.
Total expenses stood higher at ₹722.12 crore in the quarter as against ₹571.43 crore in the year-ago period.
Cochin Shipyard is one of the leading shipbuilding and repair companies in India.
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