Cochin Shipyard Q1 consolidated net profit rises 12 pc to Rs 119 crore

State-owned Cochin Shipyard on Monday reported a 12.06 per cent rise in its consolidated net profit to Rs 118.97 crore for the first quarter ended June 30. The company had clocked a net profit of Rs 106.16 crore in the corresponding quarter of the previous financial year, it said in a regulatory filing to the BSE.

Its total income on a consolidated basis for the quarter rose 12.05 per cent to Rs 802.74 crore, compared with Rs 716.40 crore in the corresponding period of the previous financial year. Total expenses surged to Rs 617.69 crore in the June quarter as against Rs 555.34 crore a year ago.

Cochin Shipyard is one of the leading shipbuilding and repair companies in India, which claims to have an infrastructure that combines economy, scale, and flexibility.