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Cochin Shipyard reports 65% fall in Q1 consolidated net profit
Aug-11-2020

Cochin Shipyard has reported results for the first quarter ended June 30, 2020.

The company has reported a fall of 64.53% in its net profit at Rs 42.65 crore for the quarter under review as compared to net profit of Rs 120.25 crore for the same quarter in the previous year. Total income of the company decreased by 50.66% at Rs 397.10 crore for Q1FY21 as compared Rs 804.86 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 65.21% in its net profit attributable to owners at Rs 41.43 crore for the quarter under review as compared to net profit of Rs 119.07 crore for the same quarter in the previous year. Total income of the company decreased by 50.70% at Rs 396.46 crore for Q1FY21 as compared Rs 804.23 crore for the corresponding quarter previous year.

 

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