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Cochin Shipyard gains after Q3 PAT rises 32% to Rs 170 cr

Capital Market 

Cochin Shipyard rose 1.34% to Rs 354.40 after consolidated net profit surged 32.2% to Rs 169.81 crore in Q3 December 2019 (Q3 FY20) as against Rs 128.41 crore reported in Q3 December 2018 (Q3 FY19).

Net sales jumped 25% year-on-year (Y-o-Y) to Rs 896.09 crore in Q3 FY20. The Q3 numbers were disclosed after market hours yesterday, 11 February 2020.

Consolidated profit before tax soared 16.7% to Rs 228.23 crore Y-o-Y. Current tax expenses rose 23.9% to Rs 59.58 crore during the period under review.

Cochin Shipyard is focused on providing cater to clients engaged in the defence sector in India and clients engaged in the commercial sector. In addition to shipbuilding and ship repair, the firm offers marine engineering training.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 12 2020. 12:33 IST
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