Shipping Corporation of India records net profit of Rs 336 cr for Q1Fy21

New Delhi: Shipping Corporation of India Ltd’s consolidated net profit stood at Rs 336 crore for the first quarter of the current fiscal as compared to net loss of Rs 28 crore in the corresponding quarter of the previous fiscal.

The consolidated revenues from operations jumped 24 percent to Rs 1,143 crore for the first quarter of the current fiscal as compared to Rs 918 crore in the corresponding quarter of the previous fiscal. 

The consolidated total expenses of the company declined to Rs 846 crore for the first quarter of the current fiscal as compared to Rs 967 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

 

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