Defence PSU Garden Reach Shipbuilders & Engineers Ltd (GRSE) has reported a 48 per cent increase in net profit to Rs 49.69 crore during the quarter ended March 2020, despite a fall in its income in the period.
The warship maker had reported a net profit of Rs 33.62 crore in the corresponding period of 2018-19. Total income decreased by 5.51 per cent to Rs 509.48 crore in the quarter under review from Rs 539.17 crore in the year-ago period, a statement said.
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