Shipping Corporation of India has reported results for the fourth quarter and year ended March 31, 2016.
The company has reported a net loss of Rs 7.02 crore for the quarter ended March 31, 2016 as compared to a net profit of Rs 101.49 crore for the same quarter in the previous year. Total income of company has decreased by 7.91% at Rs 1022.32 crore for quarter under review as compared Rs 1110.09 crore for the quarter ended March 31, 2015.
For the year ended March 31, 2016, the company has posted a surge of 87.83% in its net profit after tax at Rs 377.41 crore as compared to Rs 200.93 crore for the same period in the previous year. However, total income of company declined 6.53% at Rs 4277.20 crore for year under review as compared to Rs 4575.93 crore for the period ended March 31, 2015.
