SCI net profit declines 19% to Rs. 307 crore

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SCI net profit declines 19% to Rs. 307 crore

(20 second reading) State-run Shipping Corporation of India reported a 19% YoY decline in net profit at Rs.307.3 crore for the Q4 that ended March 31, 2024, compared to net profit of Rs. 380 Crore in the Q4 of the previous year.
The company’s revenue from operations fell 0.4% to Rs.1,412 crore as against Rs.1,418 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA slide 12.3% to Rs.406 crore in the fourth quarter of this fiscal over Rs.463 crore in the corresponding period in the previous fiscal.

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