Shipping Corporation of India Delivers Robust Q4 Results, Announces ₹6.59 Dividend Per Share

Key Points:

Shipping Corporation of India Ltd (SCI), India's largest shipping line in the Ministry of Ports, Shipping and Waterways, posted consolidated revenue from operation of ₹13.25 billion for the quarter ended March 31, 2025.

The company registered a consolidated profit of ₹1.85 billion for the March quarter, marking a robust operational performance.

SCI Board of Directors has approved a final dividend of ₹6.59 per equity share for FY 2024–25 as a token of appreciation for shareholders amidst the company's optimistic financial performance.

The decision follows a disappointing earlier quarter, during which SCI experienced a 43.8% year-on-year fall in consolidated net profit, along with a marginal decrease in revenue. The latest figures, though, present a dramatic turnabout.

SCI shares have been highly volatile in the last year, with a recent spike of more than 10% pre-results and dividend announcement, though the stock continues to be down almost 21% year-over-year.

The SCI securities' trading window continues to be closed in accordance with regulatory guidelines and will be reopened 48 hours post-financial results announcement.

Investors and traders are watching SCI closely, as the company continues to ride out industry headwinds while taking advantage of expansion opportunities in the shipping business. 

Sources: NDTV Profit, SAMCO, Shipping Corporation of India

 

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