Shipping Corporation of India profit jumps 77 pc to Rs 152 crore in Q4


PTI | New Delhi | Updated: 27-05-2022 20:26 IST | Created: 27-05-2022 20:26 IST
Shipping Corporation of India profit jumps 77 pc to Rs 152 crore in Q4
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Shipping Corporation of India (SCI) on Friday reported a 77.42 per cent jump in its consolidated profit to Rs 152.16 crore for the fourth quarter ended March 2022.

The state-owned company had clocked a consolidated profit of Rs 85.76 crore for the corresponding quarter in 2020-21, it said in a regulatory filing.

Its total consolidated income rose to Rs 1,364.62 crore during the quarter under review as against Rs 900.73 crore in the year-ago period.

Total expenses rose to Rs 1,223.76 crore during the quarter compared to Rs 838.57 crore a year ago.

For the full financial year 2021-22, the company reported a consolidated profit of Rs 865.22 crore, which was higher from Rs 696. 09 crore recorded in FY21.

As the country's premier shipping line SCI owns and operates around one-third of the Indian tonnage, and has operating interests in practically all areas of the shipping business, servicing both national and international trades.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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