Shipping Corporation of India (SCI) gained 2.53% to Rs 135.70 after the PSU company posted a 71.3% rise in consolidated net profit to Rs 243 crore in Q2 FY22 from Rs 141.89 crore registered in Q2 FY21.
Revenue from operations grew 44.8% to Rs 1,221.31 crore in Q2 FY22 from Rs 843.21 crore posted in Q2 FY21. Profit before tax rose 72% to Rs 248 crore in Q2 FY22 over Q2 FY21.SCI is the largest Indian shipping company. It owns and operates around one-third of the Indian tonnage, and has operating interests in practically all areas of the shipping business; servicing both national and international trades.
As on 30 September 2021, the Government of India held 63.75% in SCI.
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