Cochin Shipyard Limited Announces Standalone Audited Earnings Results for the Quarter and Year Ended March 31, 2019 and Consolidated Audited Financial Results for the Year Ended March 31, 2019
May 21, 2019 at 08:47 am EDT
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Cochin Shipyard Limited announced standalone audited earnings results for the quarter and year ended March 31, 2019 and consolidated audited earnings results for the year ended March 31, 2019. On standalone basis, quarter ended March 31, 2019 total income was INR 8,525.876 million against INR 6,386.959 million a year ago. Profit for the period was INR 975.058 million against INR 916.209 million a year ago. Basic and diluted earnings per equity share was INR 7.41 against INR 6.74 a year ago.
On standalone basis, year ended March 31, 2019 total income was INR 3,1902.733 million against INR 2,5442.816 million a year ago. Profit for the period was INR 4,811.779 million against INR 3,967.501 million a year ago. Basic and diluted earnings per equity share was INR 35.72 against INR 31.03 a year ago.
On consolidated basis, year ended March 31, 2019 total income was INR 3,1889.726 million against INR 2,5443.478 million a year ago. Profit for the period was INR 4,777.877 million against INR 3,962.599 million a year ago. Basic and diluted earnings per equity share was INR 35.47 against INR 31.00 a year ago.
Cochin Shipyard Limited is an India-based company that is engaged in the shipbuilding and ship repair business. The Company is engaged in the construction of vessels and repairs and refits of all types of vessels including upgradation of ships periodical layup repairs and life extension of ships. Its shipbuilding products include defense, such as aircraft carriers, fast patrol vessels, hydrographic survey vessels, offshore patrol vessels and pollution control vessels; commercial, such as oil tankers, bulk carriers, dredgers, Ro-Pax vessels, specialized fishing vessels and marine ambulance, and offshore, such as platform supply vessels, anchor handling/tug supply vessels and multi-purpose vessels. Its ship repair services include maintenance and repairs of aircraft carriers and other defense vessels, and repairs and maintenance of tankers, bulk carriers, all kinds of commercial and specialized vessels. It also offers marine engineering training, and strategic and advanced solutions.
Cochin Shipyard Limited Announces Standalone Audited Earnings Results for the Quarter and Year Ended March 31, 2019 and Consolidated Audited Financial Results for the Year Ended March 31, 2019