Shipping Corp Q2 Results: Net profit jumps multi-fold to Rs 291 crore

Shipping Corporation of India Ltd (SCI) on Friday reported a multi-fold rise in its consolidated net profit to Rs 291.44 crore for the second quarter 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.
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.

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

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

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

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