Shipping Corporation of India
208.00
+1.49(+0.72%)
Market Cap₹9,688.62 Cr
PE Ratio10.61
Company Performance:
1D+0.72%
1M+2.79%
6M+35.85%
1Y-18.11%
5Y+264.59%
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More news about Shipping Corporation of India
06Aug 25
Shipping Corporation of India Land and Assets Reports 19% Growth in Q1 Net Profit
Shipping Corporation of India Land and Assets has reported a net profit of 143.00 million rupees for the first quarter, up from 120.00 million rupees in the same period last year. This represents a 19.17% year-over-year increase, demonstrating strong financial performance amid challenging market conditions. The company's growth in net profit suggests effective navigation of the shipping and real estate markets, potentially boosting investor confidence.
28Jul 25
Shipping Corporation of India Appoints New Government Director, R. Lakshmanan Steps Down
Shipping Corporation of India Limited (SCI) has appointed Shri Venkatesapathy S., Joint Secretary (Shipping) at the Ministry of Ports, Shipping and Waterways, as the new Government Director. Simultaneously, Shri R. Lakshmanan, Joint Secretary (Ports), has stepped down from his role as Part-time Director (Government Nominee Director). The changes were approved on July 28, with SCI currently completing necessary statutory formalities for the new appointment.
22Jul 25
Shipping Corporation of India's Finance Director Terminated, ACC Approves
The Appointments Committee of the Cabinet (ACC) has approved the premature termination of C.L. Acharya as Director (Finance) at Shipping Corporation of India Limited (SCI). The termination is effective from May 5, 2025, with the ACC's approval communicated on July 21, 2025. SCI officially notified stock exchanges of this decision on July 21, 2025, at 16:30 hours, in compliance with SEBI regulations.
16Jul 25
SCI Land And Assets Secures Stamp Duty Exemption for Demerger Plan
SCI Land And Assets, a subsidiary of Shipping Corporation of India (SCI), has obtained approval from the Maharashtra Government for stamp duty exemption on its demerger plan. The exemption applies to the separation of non-core assets from SCI into Shipping Corporation of India Land and Assets Limited. This approval, granted under Section 32(1)(a)(b) of the Maharashtra Stamp Act, is based on a government notification dated 12.10.2023. The exemption certificate was issued by the Office of the Collector of Stamps, Enforcement – 1 on 16.09.2024.
07Jul 25
Shipping Corp of India to Expand Fleet with Two Very Large Gas Carriers
Shipping Corporation of India (SCI) has signed a Memorandum of Agreement to acquire two Very Large Gas Carriers (VLGCs), each with a capacity of 82,000 cubic meters. The vessels are expected to be inducted into SCI's fleet in FY 2025-26. This strategic move aims to expand SCI's presence in the gas transportation sector, particularly for LPG and ammonia markets. The acquisition will increase SCI's operational flexibility and competitiveness in the international gas shipping market.
04Jul 25
Shipping Corp of India to Expand Fleet with Two Large Gas Carriers
Shipping Corporation of India (SCI) has signed an agreement to acquire two large gas carriers, each with a capacity of 82,000 CBM. The vessels are expected to be delivered in fiscal year 2025-26. This acquisition aims to expand SCI's fleet, increase its gas transportation capabilities, and strengthen its position in the global gas transportation market. The move is part of SCI's strategy to modernize its fleet and prepare for future market demands in the energy transportation sector.
19May 25
Shipping Corporation of India Reports Mixed Q4 Results, Announces Dividend
Shipping Corporation of India (SCI) released Q4 financial results showing a 39.77% year-over-year decline in net profit to ₹185.10 crore, but a 145.17% increase quarter-over-quarter. Revenue decreased by 7.35% to ₹1,413.40 crore. The company maintained a healthy operating profit margin of 27.52%. For FY 2023-24, SCI reported a 21.97% decrease in net profit to ₹679.00 crore. Despite challenges, SCI announced a dividend of ₹6.59 per equity share for the fiscal year.
16May 25
Shipping Corporation of India: Q4 Profit Plunges 40%, Revenue Dips 6.2%
Shipping Corporation of India (SCI) has released its quarterly results, showing significant declines in key financial metrics. Consolidated revenue decreased by 6.2% to ₹1,325.00 crore, while net profit fell by 40% to ₹185.00 crore compared to the previous year. EBITDA decreased by 10% to ₹364.60 crore, with the EBITDA margin narrowing to 27.50%. Despite these challenges, SCI's board has recommended a dividend of ₹6.59 per equity share.
16May 25
Shipping Corporation of India Shares Surge 10% Ahead of Board Meeting
Shipping Corporation of India (SCI) shares jumped over 10% intraday to ₹190.50 as investors anticipate the upcoming board meeting on May 16. The meeting agenda includes approval of Q4 and FY financial results and consideration of a final dividend. SCI has implemented a trading window closure until 48 hours after the results declaration to prevent insider trading.
15May 25
Shipping Corporation of India to Announce Q4 Results, Consider Dividend on May 16
Shipping Corporation of India (SCI) will disclose its Q4 and FY 2025 financial results on May 16, 2025. The board will consider recommending a final dividend during the meeting. As a regulatory measure, the trading window for company securities has been closed from April 1, 2025, until 48 hours after the results announcement.
16Apr 25
Shipping Corporation of India Receives ₹157.27 Crore Income Tax Refund, Appoints New Directors
Shipping Corporation of India (SCI) has received a ₹157.27 crore income tax refund, including ₹78.00 crore in interest, following an ITAT order for the 2007-08 financial year. The company also announced board changes, appointing Shri Satish Kumar Chawla and Dr. Priyasheel Hada as new Non-official Directors, and re-appointing Shri Gulabbhai Rohit, effective April 11, 2025, for a one-year term.
1 Year Returns:-18.11%
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