shipping corporation of India Ltd

The Baltic Dry Index (BDI), a global benchmark that tracks the cost of transporting dry bulk commodities like coal, iron ore, and grains, jumped 9.6% to 1,904, marking its highest level since October 7. The rally in BDI reflects strong activity in global trade routes. On the back of this, Shipping Corporation of India (SCI) (up 5.16%), Velox Shipping and Logistics (up 5%) and Great Eastern Shipping Company (up 2.63%) surged. A rising BDI typically boosts earnings potential for shipping companies as it directly translates into higher freight revenues per voyage. Powered by Capital Market - Live

Revenue from operations declined 6.18% YoY to Rs 1,325.19 crore in the quarter ended 31 March 2025. Profit before tax (PBT) stood at Rs 171.34 crore in Q4 FY25, down 28.32%, compared to Rs 239.05 crore recorded in Q4 FY24. Total expenses decreased 3.45% YoY to Rs 1,242.05 crore in Q4 FY25. The cost of service rendered stood at Rs 713.23 crore (down 10.82% YoY), employee benefit expense was at Rs 163.41 crore (up 12.64% YoY) and finance cost stood at Rs 38.81 crore (down 4.05% YoY) during the period under review. On segmental front, revenue from Liner stood at Rs 238.62 crore (up 32.16% YoY), revenue from bulk carriers stood at Rs 99.89 crore (down 45.85% YoY), revenue from tankers stood at Rs 927.51 crore (down 5.25% YoY) and revenue from technical & offshore stood at Rs 65.05 crore (down 19.21% YoY), during the quarter. On full year basis, the company's consolidated net profit jumped 24.24% to Rs 843.58 crore on 11.08% increase in revenue from operations to Rs 5,605.83 crore in FY25 over FY24. Meanwhile, the company's board has recommended a dividend of Rs 6.59 per equity share, subject to the approval of shareholders at the forthcoming Annual General Meeting (AGM). If approved, the dividend will be paid within 30 days from the date of approval at the AGM. The Shipping Corporation of India (SCIL) is a national carrier, with the Government of India (GoI) holding 63.75% of the equity as on 31 March 2025. SCIL is the largest Indian shipping company in terms of capacity with a diversified fleet profile. The company is diversified in terms of its business segments, namely, crude oil/product tankers, dry bulk, offshore services, and container operations. The company also has a presence in passenger vessels, chemicals and gas transportation. The counter declined 1.14% to Rs 186.70 on the BSE. Powered by Capital Market - Live

Shipping Corporation of India announced that the Board of Directors of the Company at its meeting held on 16 May 2025, inter alia, have recommended the final dividend of Rs 6.59 per equity Share (i.e. 65.9%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Shipping Corporation of India declined 39.75% to Rs 185.14 crore in the quarter ended March 2025 as against Rs 307.28 crore during the previous quarter ended March 2024. Sales declined 6.18% to Rs 1325.19 crore in the quarter ended March 2025 as against Rs 1412.54 crore during the previous quarter ended March 2024. For the full year,net profit rose 24.24% to Rs 843.58 crore in the year ended March 2025 as against Rs 678.97 crore during the previous year ended March 2024. Sales rose 11.08% to Rs 5605.83 crore in the year ended March 2025 as against Rs 5046.53 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1325.191412.54 -6 5605.835046.53 11 OPM %27.5228.82 -31.4728.19 - PBDT414.03479.73 -14 1803.111534.68 17 PBT171.34239.05 -28 851.79645.30 32 NP185.14307.28 -40 843.58678.97 24 Powered by Capital Market - Live

Shipping Corporation of India will hold a meeting of the Board of Directors of the Company on 16 May 2025.Powered by Capital Market - Live

K E C International Ltd, MSTC Ltd, RHI Magnesita India Ltd and Fine Organic Industries Ltd are among the other gainers in the BSE's 'A' group today, 20 March 2025.Shipping Corporation of India Ltd surged 12.71% to Rs 177.8 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 12.73 lakh shares were traded on the counter so far as against the average daily volumes of 1.39 lakh shares in the past one month. K E C International Ltd spiked 8.99% to Rs 833.65. The stock was the second biggest gainer in 'A' group. On the BSE, 3.03 lakh shares were traded on the counter so far as against the average daily volumes of 66100 shares in the past one month. MSTC Ltd soared 6.65% to Rs 511.45. The stock was the third biggest gainer in 'A' group. On the BSE, 26228 shares were traded on the counter so far as against the average daily volumes of 31150 shares in the past one month. RHI Magnesita India Ltd rose 6.33% to Rs 442.5. The stock was the fourth biggest gainer in 'A' group. On the BSE, 25677 shares were traded on the counter so far as against the average daily volumes of 8958 shares in the past one month. Fine Organic Industries Ltd spurt 6.22% to Rs 4000.5. The stock was the fifth biggest gainer in 'A' group. On the BSE, 5088 shares were traded on the counter so far as against the average daily volumes of 1952 shares in the past one month. Powered by Capital Market - Live

Revenue from operations slipped 1.9% YoY to Rs 1,315.60 crore in the quarter ended 31 December 2024. Profit before tax (PBT) stood at Rs 83.73 crore in Q3 FY25, down 44.5%, compared to Rs 150.99 crore recorded in Q3 FY24. Total expenses increased 5.2% YoY to Rs 1,277.31 crore in Q3 FY25. Cost of service rendered stood at Rs 759.11 crore (down 1.4% YoY), employee benefit expense was at Rs 163 crore (up 21% YoY) and finance cost stood at Rs 63.92 crore (up 60.8% YoY) during the period under review. On segmental front, revenue from Liner stood at Rs 281.07 crore (up 14.2% YoY), revenue from bulk carrier stood at Rs 146.86 crore (down 25% YoY), revenue from tanker stood at Rs 817.05 crore (down 0.5% YoY) and revenue from technical & offshore stood at Rs 63.71 crore (down 22.2% YoY), during the quarter. On nine-month basis, the company's consolidated net profit surged 77.1% to Rs 658.44 crore in 9M FY25, compared to Rs 371.69 crore recorded in 9M FY24. Revenue from operations jumped 17.8% YoY to Rs 4,280.63 crore in 9M FY25. The Shipping Corporation of India (SCIL) is a national carrier, with the Government of India (GoI) holding 63.75% of the equity as on 31 December 2024. SCIL is the largest Indian shipping company in terms of capacity with a diversified fleet profile. The company is diversified in terms of its business segments, namely, crude oil/product tankers, dry bulk, offshore services, and container operations. The company also has a presence in passenger vessels, chemicals and gas transportation. Powered by Capital Market - Live

Revenue from operations slipped 1.9% YoY to Rs 1,315.60 crore in the quarter ended 31 December 2024. Profit before tax (PBT) stood at Rs 83.73 crore in Q3 FY25, down 44.5%, compared to Rs 150.99 crore recorded in Q3 FY24. Total expenses increased 5.2% YoY to Rs 1,277.31 crore in Q3 FY25. Cost of service rendered stood at Rs 759.11 crore (down 1.4% YoY), employee benefit expense was at Rs 163 crore (up 21% YoY) and finance cost stood at Rs 63.92 crore (up 60.8% YoY) during the period under review. On segmental front, revenue from Liner stood at Rs 281.07 crore (up 14.2% YoY), revenue from bulk carrier stood at Rs 146.86 crore (down 25% YoY), revenue from tanker stood at Rs 817.05 crore (down 0.5% YoY) and revenue from technical & offshore stood at Rs 63.71 crore (down 22.2% YoY), during the quarter. On nine-month basis, the company's consolidated net profit surged 77.1% to Rs 658.44 crore in 9M FY25, compared to Rs 371.69 crore recorded in 9M FY24. Revenue from operations jumped 17.8% YoY to Rs 4,280.63 crore in 9M FY25. The Shipping Corporation of India (SCIL) is a national carrier, with the Government of India (GoI) holding 63.75% of the equity as on 31 December 2024. SCIL is the largest Indian shipping company in terms of capacity with a diversified fleet profile. The company is diversified in terms of its business segments, namely, crude oil/product tankers, dry bulk, offshore services, and container operations. The company also has a presence in passenger vessels, chemicals and gas transportation. The counter slipped 1.31% to end at Rs 192.30 on Friday, 7 February 2025. Powered by Capital Market - Live

Net profit of Shipping Corporation of India declined 43.79% to Rs 75.52 crore in the quarter ended December 2024 as against Rs 134.35 crore during the previous quarter ended December 2023. Sales declined 1.87% to Rs 1315.60 crore in the quarter ended December 2024 as against Rs 1340.68 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1315.601340.68 -2 OPM %27.1631.10 - PBDT338.87402.04 -16 PBT83.73150.99 -45 NP75.52134.35 -44 Powered by Capital Market - Live

Shipping Corporation of India will hold a meeting of the Board of Directors of the Company on 7 February 2025.Powered by Capital Market - Live