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SCI reports 40% decline in Q3 net profit

15 Feb 2012 Evaluate

State-run Shipping Corporation of India (SCI) has reported nearly 40% decline in net profit at Rs 74.10 crore for the third quarter ended December 31, 2011. The company had reported a net profit of Rs 123.06 crore during the October-December quarter of the last fiscal.

However, the company witnessed a rise of about 9 percent in its income from operations at Rs 967.01 crore as against Rs 888.93 crore in the same period last fiscal.

It has 33 vessels on order, of which 21 are ordered on Chinese shipyards. The company has been able to tie up the financing in respect to only 10 of these vessels.

Shipping Corpn. Share Price

305.85 16.65 (5.76%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 305.85
GE Shipping 1425.30
Dredging Corp 976.65
Seamec 1556.00
Shreeji Ship.Global 377.10
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