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

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