Cochin Shipyard has posted a 44 per cent jump in consolidated profit to Rs 137.52 crore for the quarter ended March 31, 2020 in comparison to a profit of Rs 95.44 crore in the corresponding period of fiscal 2018-19, as per a regulatory filing to the BSE. Total consolidated income rose to Rs 861.07 crore during the quarter under review as against Rs 851.26 crore earlier, said a report.
It recorded a consolidated profit of Rs 632 crore in the full fiscal 2019-20 as against Rs 477 crore in 2018-19. The company also said it has acquired an additional 26 per cent equity in Hooghly Cochin Shipyard Ltd.
