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Cochin Shipyard reports 47% rise in Q2 net profit

Cochin Shipyard reports 47% rise in Q2 net profit

Cochin Shipyard has reported results for second quarter ended September 30, 2018.

The company has reported 47.33% rise in its net profit at Rs 147.64 crore for the quarter under review as compared to Rs 100.21 crore for the same quarter in the previous year. Total income of the company increased by 31.90% at Rs 855.22 crore for Q2FY19 as compared Rs 648.40 crore for the corresponding quarter previous year.

Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India. The company caters to clients engaged in India’s defence segment and global commercial shipping sector.