SCI profit jumps to Rs 291.48 crore in June quarter

New Delhi: State-owned Shipping Corporation of India (SCI) on Friday reported a 69.85 percent 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.

PSU Watch is now on Whatsapp Channels. Click here to join

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.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)