desk
Share
News Topical, Digital Desk : Shipping Corporation of India has presented its first quarter results. The results were released after the market closed on Friday. The results of the country's largest shipping company have been mixed. During the quarter, the company's profit has increased by 23 percent compared to last year. At the same time, there has been an improvement in margins. However, on the other hand, there has been a slight decline in EBITDA and income has come down by 13 percent. The stock closed with a decline of more than 2 percent in Friday's session.
How were the quarterly results
The company's net profit grew 22.8% year-on-year to Rs 366.3 crore from Rs 298.3 crore in the first quarter of the previous financial year 2025. However, the income declined by 13.1% to Rs 1,316 crore as compared to Rs 1,514 crore in the same period last year. At the same time, EBITDA declined 3.8% to Rs 489.6 crore in the April-June quarter from Rs 509 crore last year. SCI's EBITDA margin increased to 37.2% in the quarter, while it was 33.6% last year.
How was the stock performance The company's stock closed at 202 today with a decline of more than 2 percent. The stock included in BSE Smallcap had reached a year's low of 138 in early March this year. Whereas in August last year, the stock was at the level of 289, which is the highest level of the year.
--Advertisement--
