Shipping Corporation of India to Announce Q2 Results, Consider Interim Dividend

Shipping Corporation of India (SCI) is set to release its financial results for the second quarter and first half of the fiscal year 2023-24 on November 7. The company's board will also deliberate on declaring an interim dividend during this meeting.

Key Highlights

Results Announcement: November 7, 2023
Period Covered: Quarter and half-year ended September 30, 2023
Dividend Consideration: Board to consider interim dividend
Earnings Call: Scheduled for November 10 at 4 p.m. IST

Financial Performance

While we await the Q2 results, let's look at SCI's performance in the previous quarter:

Metric	Q1 FY24	YoY Change
Consolidated Revenue	₹1,316.04 crore	-13.10%
Net Profit	₹354.17 crore	22.00%

Stock Performance

SCI's stock has shown significant momentum recently:

Metric	Performance
1-Month Return	16.69%
Year-to-Date Return	23.66%
Current Trading Price	₹261.55
52-Week High	₹280.50

Additional Information

The company's trading window has been closed since October 1 and will remain shut until 48 hours after the results announcement.
If approved, the interim dividend will be paid within 30 days of declaration.

Investors and analysts will be keenly watching SCI's Q2 results, particularly in light of the mixed performance seen in Q1, where revenue declined but profitability improved. The consideration of an interim dividend adds another layer of interest for shareholders.

The scheduled earnings call on November 10 will provide an opportunity for stakeholders to gain deeper insights into the company's performance and future outlook. As always, investors are advised to consider their financial goals and risk tolerance when making investment decisions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.48%	+0.13%	+17.74%	+55.15%	+18.22%	+410.44%

Shipping Corporation of India Limited (SCI) has announced a significant change in its Board composition, as confirmed by a recent regulatory filing. The Ministry of Ports, Shipping and Waterways (MoPSW) has approved the nomination of a new Part-time Government Nominee Director, marking a shift in the company's leadership structure.

Key Changes in SCI's Board

Position	Incoming Director	Outgoing Director	Effective Date
Part-time Government Nominee Director	Shri R. Lakshmanan	Shri Venkatesapathy S.	November 4, 2025

Details of the Appointment

New Appointee: Shri R. Lakshmanan, Joint Secretary
Previous Role: Shri Venkatesapathy S., Joint Secretary
Appointment Approved By: Ministry of Ports, Shipping and Waterways
Effective Date: November 4, 2025

The company has stated that it is in the process of completing the necessary statutory formalities for Shri R. Lakshmanan's appointment. Additional details required under SEBI regulations will be provided in due course.

Upcoming Investor Communication

SCI has also announced a conference call scheduled for November 10, 2025, at 4:00 p.m. (IST) to discuss the company's Q2 FY26 earnings. The call will feature key management representatives, including:

Capt B K Tyagi – Chairman & Managing Director
Mr. Vikram Dingley – Director (Technical & Offshore Services) and Director (Finance) A/c
Rear Admiral Jaswinder Singh – Director (Liner & Passenger Services) and Director (Bulk Carrier and Tanker) A/c
Capt Som Raj – Director (Personnel & Administration)
Mrs. Charusheela Golapalli – Chief Financial Officer

This conference call demonstrates SCI's commitment to transparency and open communication with investors, even as it undergoes changes in its board composition.

The appointment of Shri R. Lakshmanan as the new Government Nominee Director may bring fresh perspectives to SCI's board. As a Joint Secretary, his expertise could potentially influence the company's strategic decisions and its alignment with government policies in the shipping and waterways sector.