Cochin Shipyard Limited, one of India’s largest state-owned shipbuilding and maintenance facility based in Kochi (Kerala) announced their quarterly result for the current fiscal year with a net profit of Rs. 106.31 crores, stepping up 17% as compared to the Rs.91.16 crores earned during the previous year same quarter period.

The company’s total revenue stood at Rs. 658.73 crores, posting an 18.4% increase in comparison to Rs. 556.25 crores of total revenue during the first quarter of the previous fiscal period.

The PSU said in a statement, “ The company reported a healthy increase of 17% in its Profit After Tax (PAT) to Rs. 106.31 crores for Q1 FY19, as compared to Rs. 91.16 in the corresponding quarter of last fiscal. The company’s Q1 FY19 PAT margin stood at 16.14%, as compared to 16.39% in Q1 FY18.

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