Shipping Corporation of India reports 90% jump in Q3 net profit

11 Feb 2016

Shipping Corporation of India (SCI) has reported results for third quarter ended December 31, 2015.  

The company has reported 90.30% rise in its net profit at Rs 59.66 crore for the quarter ended December 31, 2015 as compared to Rs 31.35 crore for the same quarter in the previous year. However, total income of the company has decreased by 8.39% to Rs 1025.94 crore for the quarter under review from Rs 1119.93 crore for the corresponding quarter of the previous year.  

SCI is the only Indian shipping company operating break-bulk service, international container service, liquid / dry bulk service, offshore service, passenger service, in addition to manning / managing a large number of vessels on behalf of various government departments and organizations.

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