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.