ABG Shipyard today reported 11% rise in net profit at Rs 45.38 crore for the quarter ended March 31, 2012.

The private shipbuilder had reported a net profit of Rs 40.66 crore in the same quarter last fiscal.

Total income of the company during the period rose to Rs 663 crore from Rs 532 crore a year ago, it said in a filing to BSE.

ABG Shipyard's consolidated net profit for 2011-12 was, however, down to 186 crore against Rs 194 crore in 2010-11.

The shares of the company were trading at Rs 385.7 apiece on the BSE during the afternoon trade, down 0.55% over the previous day closing.