SCI Q3 net profit falls 44% to Rs 75.52 crore

SCI on Friday reported a 43.78 percent fall in its net profit to Rs 75.52 crore in the third quarter ended December 2024
SCI Q3 net profit falls 44% to Rs 75.52 crore
SCI Q3 net profit falls 44% to Rs 75.52 crorePSU Watch Archive
Published on

New Delhi: State-owned Shipping Corporation of India (SCI) on Friday reported a 43.78 percent fall in its net profit to Rs 75.52 crore in the third quarter ended December 2024.

The company had clocked a profit of Rs 134.35 crore in the corresponding quarter a year ago, SCI said in a regulatory filing.

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

Its total income from operations in the December 2024 quarter declined to Rs 1,350.13 crore against Rs 1,363.02 crore in the year-ago period.

The firm's total expenses increased to Rs 1,277.31 crore compared to Rs 1,214.56 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.)

logo
PSU Watch
psuwatch.com