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Shipping Corporation jumps 9% on Rs 317 crore profit in June quarter

The operational revenue of the Mumbai-based company jumped to Rs 1,143.46 crore during the first quarter of FY21 from Rs 918.95 crore a year earlier

Revenue from bulk carrier, liner, and technical and offshort segments came in at Rs 101.41 crore, Rs 134.96 crore, and 46.49 crore, respectively.
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Revenue from bulk carrier, liner, and technical and offshort segments came in at Rs 101.41 crore, Rs 134.96 crore, and 46.49 crore, respectively.

SI Reporter New Delhi
Shares of Shipping Corporation of India climbed up to 9.3 per cent to quote at Rs 62.35 on the BSE on Monday after the company reported a standlone net profit of Rs 317.48 crore in the June quarter of FY21. This is the firm's highest quarterly net profit in 54 quarters as oil refiners and traders chased crude oil tankers for storage on the high seas, driving up rates in April. In the corresponding quarter of FY20, the company has reported a loss of Rs 39.36 crore.   

The operational revenue of the Mumbai-based company jumped to Rs 1,143.46 crore during