Garden Reach Shipbuilders & Engineers Ltd’s net profit jumps 48% to Rs 49 cr for Q4FY20

New Delhi: Garden Reach Shipbuilders & Engineers Ltd’s net profit jumped 48 percent to Rs 49.68 crore for the fourth quarter ended 31 March 2020 as compared to Rs 33.62 crore in the corresponding period of the previous fiscal.

The revenues from operations of the company fell marginally to Rs 456.68 crore for the fourth quarter ended 31 March 2020 as compared to Rs 489.20 crore in the corresponding period of the previous fiscal.

For the entire fiscal 2019-20, the net profit of the company jumped about 49 percent to Rs 163.48 crore as compared to Rs 109.93 crore in the previous fiscal. 

For the entire fiscal 2019-20, the revenues from operation of the company went up marginally to Rs 1,433.29 crore as compared to Rs 1,386.42 crore in the previous fiscal. 

The total expenses of the company stood at Rs 429.72 crore for the fourth quarter ended 31 March 2020 as compared to Rs 466.12 crore in the corresponding period of the previous fiscal.

For the entire fiscal 2019-20, the total expenses of the company stood at Rs 1,424.12 crore as against Rs 1,376 crore in the previous fiscal.

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