SCI Profit Soars 69.85% to Rs 291.48 cr in June Quarter
Shipping Corporation of India (SCI) reported a significant jump in its net profit for the June 2024 quarter, reaching Rs 291.48 crore, a 69.85% increase from the previous year.
New Delhi, Aug 9 (PTI) State-owned Shipping Corporation of India (SCI) on Friday reported a 69.85 per cent jump in its net profit to Rs 291.48 crore in the June 2024 quarter.
The company had clocked a profit of Rs 171.61 crore in the corresponding quarter a year ago, the company said in a regulatory filing.
Its total income from operations in the June 2024 quarter rose to Rs 1,558.44 crore against Rs 1,227.07 crore in the year-ago period.
The firm's total expenses increased to Rs 1,264.72 crore compared to Rs 1,069.97 crore a year ago.
Under the Ministry of Ports, Shipping and Waterways, SCI is the largest shipping company in India.
The company had clocked a profit of Rs 171.61 crore in the corresponding quarter a year ago, the company said in a regulatory filing.
Its total income from operations in the June 2024 quarter rose to Rs 1,558.44 crore against Rs 1,227.07 crore in the year-ago period.
The firm's total expenses increased to Rs 1,264.72 crore compared to Rs 1,069.97 crore a year ago.
Under the Ministry of Ports, Shipping and Waterways, SCI is the largest shipping company in India.
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