SCI Q2 net profit jumps multi-fold to Rs 291.44 crore

New Delhi: Disinvestment-bound Shipping Corporation of India (SCI) Limitd on Friday reported a multi-fold rise in its consolidated net profit to Rs 291.44 crore for the second quarter (Q2) ended September 2024.

The shipping company had reported a net profit of Rs 65.73 crore in the corresponding quarter of the previous fiscal, it said in a BSE filing.

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

SCI's total income rose to Rs 1,491.23 crore during the quarter under review from Rs 1,161.89 crore in the year-ago period.

Total expenses also increased to Rs 1,195 crore from Rs 1,113 crore earlier.

The shareholders of the company approved the dividend of Rs 0.50 per equity share(face value Rs 10/-each).

SCI is the largest Indian shipping company and the only Indian firm engaged in the transportation of LNG.

(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.)