Latest News | Shipping Corporation of India Q3 Net Profit Falls 44 Pc to Rs 75.52 Crore

New Delhi, Aug 9 (PTI) State-owned Shipping Corporation of India (SCI) on Friday reported a 43.78 per cent fall in its net profit to Rs 75.52 crore in the third quarter ended December 2024.

The company had clocked a profit of Rs 134.35 crore in the corresponding quarter a year ago, SCI said in a regulatory filing.

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Its total income from operations in the December 2024 quarter declined to Rs 1,350.13 crore against Rs 1,363.02 crore in the year-ago period.

The firm's total expenses increased to Rs 1,277.31 crore compared to Rs 1,214.56 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)