15 Dec 2019 | 12:48 AM

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COMPANYNEWS
Cochin Shipyard Q2 net profit jumps 40.59% at Rs 207.57 cr
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Published on 11-13-2019
The company reported standalone net profit of Rs 207.57 crore for the quarter ended September 30 2019 as compared to Rs 147.64 crore in the same period last year registering a year-on-year growth of 40.59 per cent.


Net revenue of the company rose substantially by 21.49 per cent at Rs 971.20 crore in July-September quarter of this fiscal as against Rs 799.40 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 25.22 per cent to Rs 765.53 crore from Rs 611.35 crore in year ago period.


Other Income grew by 43.59 per cent at Rs 80.14 crore versus (Sep`18 Rs 55.81 crore).


Operating Profit surged by 9.36 per cent to Rs 205.66 crore as against Rs 188.05 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 9.95 per cent in September quarter.


Interest grew by 255.10 per cent y-o-y to Rs 11.15 crore while Taxation decreased by 35.05 per cent at Rs 54.99 crore (Sep`18 Rs 84.66 crore).