New Delhi, Aug 9 (PTI) State-owned Shipping Corporation of India (SCI) on Friday reported a 69.85 per cent jump in its net profit to Rs 291.48 crore in the June 2024 quarter.

The company had clocked a profit of Rs 171.61 crore in the corresponding quarter a year ago, the company said in a regulatory filing.

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Its total income from operations in the June 2024 quarter rose to Rs 1,558.44 crore against Rs 1,227.07 crore in the year-ago period.

The firm's total expenses increased to Rs 1,264.72 crore compared to Rs 1,069.97 crore a year ago.

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Under the Ministry of Ports, Shipping and Waterways, SCI is the largest shipping company in India.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)