This Navratna PSU Stock has declared its Q4 FY25 results with robust performance on the Net Profit Front, with a 143 percent jump. The stock jumped by over 3 percent reacting to it.
With a market capitalization of Rs. 8,757 Crore, the stock of Shipping Corporation of India opened at the same level as yesterday’s close, and after opening, it made a high of Rs. 195.50, up 3.52 percent. Additionally, the Yearly return for the stock is -21 percent, and the past 5-year return is an impressive 352 percent.
Financial Highlights & Dividend Recommendation
The company reported a 6.22 percent YoY decrease in revenue from Rs. 1,413 Crore in Q4FY24 to Rs. 1,325 Crore in Q4FY25. On a QoQ basis, the company reported an increase of 0.68 percent in revenue from Rs. 1,316 Crore in the previous quarter.
Their Net profit saw a decrease of 39.73 percent YoY from Rs. 307 Crore to Rs. 185 Crore for the same period. On a QoQ basis, the company reported an increase of 143.42 percent in Net profit from Rs. 76 Crore in the previous quarter.
The significant increase in Net Profit of 143 percent on a QoQ basis can be mostly attributed to Rs. 138 Cr of Tax credit in Q4, compared to the tax expense of Rs. 82 Crore in Q3 FY25
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Out of the total revenue, Tanker accounted for 69.68 percent, followed by Liner with 17.92 percent, then Bulk Carrier at 7.50 percent. The other 4.88 percent of revenue comes from, Technical and offshore segment. Tanker (liquid cargo like oil), Liner (scheduled container shipping), Bulk Carrier (dry cargo like coal and ore), and Technical & Offshore (ship management and offshore support services).
The Board has recommended a dividend of Rs. 6.59 per equity share or 65.90 percent of the face value. The dividend will be subject to approval by shareholders at the AGM.
About the Company
Headquartered in Mumbai, established in 1961 through the merger of Eastern and Western Shipping Corporations. SCI operates a diversified fleet of vessels, including crude oil tankers, bulk carriers, container ships, LPG carriers, and offshore supply vessels. It plays a crucial role in supporting India’s export-import trade and maritime infrastructure. The company is known for its diverse fleet and operational capabilities, which allow it to serve both commercial and government clients
Written By Abhishek Das
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