New Delhi, May 27 (PTI) Shipping Corporation of India (SCI) on Friday reported a 77.42 per cent jump in its consolidated profit to Rs 152.16 crore for the fourth quarter ended March 2022.

The state-owned company had clocked a consolidated profit of Rs 85.76 crore for the corresponding quarter in 2020-21, it said in a regulatory filing.

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Its total consolidated income rose to Rs 1,364.62 crore during the quarter under review as against Rs 900.73 crore in the year-ago period.

Total expenses rose to Rs 1,223.76 crore during the quarter compared to Rs 838.57 crore a year ago.

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For the full financial year 2021-22, the company reported a consolidated profit of Rs 865.22 crore, which was higher from Rs 696. 09 crore recorded in FY21.

As the country's premier shipping line SCI owns and operates around one-third of the Indian tonnage, and has operating interests in practically all areas of the shipping business, servicing both national and international trades.

(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)