CSL's net profit rises to Rs 182 crore in Q2 of FY'24 CSL CMD Madhu Nair (File Photo)
News Updates

CSL's net profit rises to Rs 182 crore in Q2 of FY'24

Cochin Shipyard Limited (CSL) reported 60.93 percent rise in consolidated profit at Rs 181.52 crore for the September quarter of FY 2023-24

PSU Watch Bureau

New Delhi: Cochin Shipyard Limited (CSL) on Tuesday reported 60.93 percent rise in consolidated profit at Rs 181.52 crore for September quarter of the FY 2023-24.

The company had posted a profit of Rs 112.79 crore for the year-ago period, it said in a filing to BSE.

Income increased to Rs 1,100.40 crore from Rs 744.88 crore in the year-ago period.

Also read:India should look at making niche, medium-sized vessels: CSL CMD

Total expenses were also higher at Rs 849.03 crore in the second quarter of the current fiscal as against Rs 579.88 crore in the year-ago period.

The company's board has approved an interim dividend of Rs 8 per share, for 2023-24.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)

Also Read

Trump dials Modi, both sides stress importance of 'open & secure' Strait of Hormuz

11 workers killed, 22 injured as boiler explodes at Vedanta power plant in Chhattisgarh

PFC arm incorporates 4 SPVs for transmission projects in Rajasthan, Karnataka

India’s Russian crude imports double in March, a report says

India projected to grow at 6.5 percent in FY'27: IMF