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.
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.