shipping corporation of India Ltd

Shipping Corporation of India announced that the 75th Annual General Meeting(AGM) of the company will be held on 19 September 2025.Powered by Capital Market - Live

Shipping Corporation of India has fixed 05 September 2025 as record date for payment of dividend of Rs 6.59 per share of face value of Rs 10 each. Powered by Capital Market - Live

However, revenue from operations declined 13.09% year on year to Rs 1,316.04 crore in the quarter ended 30 June 2025. Profit before tax (PBT) stood at Rs 366.21 crore in Q1 FY26, up 22.76%, compared to Rs 298.3 crore recorded in Q1 FY25. Total expenses decreased 12.45% year on year to Rs 1,107.22 crore in Q1 FY26. The cost of service rendered stood at Rs 689.66 crore (down 19.34% YoY), employee benefit expense was at Rs 127.08 crore (up 6.43% YoY) and finance cost stood at Rs 30.52 crore (down 24.45% YoY) during the period under review. On segmental front, revenue from Liner stood at Rs 200.87 crore (down 7.96% YoY), revenue from bulk carriers stood at Rs 132.64 crore (down 47.09% YoY), revenue from tankers stood at Rs 913.28 crore (down 6.83% YoY) and revenue from technical & offshore stood at Rs 72.33 crore (down 6.44% YoY), during the quarter. Shipping Corporation of India is engaged involved in business of transporting goods and passengers. Shares of Shipping Corporation of India shed 0.50% to Rs 200.95 on the BSE. Powered by Capital Market - Live

Net profit of Shipping Corporation of India rose 21.51% to Rs 354.17 crore in the quarter ended June 2025 as against Rs 291.48 crore during the previous quarter ended June 2024. Sales declined 13.09% to Rs 1316.04 crore in the quarter ended June 2025 as against Rs 1514.27 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales1316.041514.27 -13 OPM %37.1633.66 - PBDT615.92518.00 19 PBT366.27298.30 23 NP354.17291.48 22 Powered by Capital Market - Live

Shipping Corporation of India will hold a meeting of the Board of Directors of the Company on 8 August 2025.Powered by Capital Market - Live

As part of Shipping Corporation of India's (SCI) business expansion plans and to augment the Company's tonnage capacity, SCI has executed a Memorandum of Agreement (MoA) on 04 July 2025 for the acquisition of two second-hand Very Large Gas Carriers (VLGCs) having a cargo carrying capacity of approximately 82,000 CBM. These two VLGCs are expected to be inducted into the SCI's fleet during the current quarter of FY 2025-26. Powered by Capital Market - Live

Prince Pipes & Fittings Ltd, Jubilant Ingrevia Ltd, Vesuvius India Ltd and Hindustan Zinc Ltd are among the other losers in the BSE's 'A' group today, 17 June 2025.Shipping Corporation of India Ltd crashed 7.73% to Rs 217.25 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 17.45 lakh shares were traded on the counter so far as against the average daily volumes of 9.64 lakh shares in the past one month.Prince Pipes & Fittings Ltd tumbled 6.22% to Rs 359.8. The stock was the second biggest loser in 'A' group.On the BSE, 1.4 lakh shares were traded on the counter so far as against the average daily volumes of 75190 shares in the past one month.Jubilant Ingrevia Ltd lost 5.85% to Rs 731. The stock was the third biggest loser in 'A' group.On the BSE, 1.28 lakh shares were traded on the counter so far as against the average daily volumes of 93431 shares in the past one month.Vesuvius India Ltd shed 5.69% to Rs 556.7. The stock was the fourth biggest loser in 'A' group.On the BSE, 26315 shares were traded on the counter so far as against the average daily volumes of 8924 shares in the past one month.Hindustan Zinc Ltd fell 5.22% to Rs 486.25. The stock was the fifth biggest loser in 'A' group.On the BSE, 6.28 lakh shares were traded on the counter so far as against the average daily volumes of 3.67 lakh shares in the past one month.Powered by Capital Market - Live

The Baltic Dry Index (BDI), a global benchmark that tracks the cost of transporting dry bulk commodities like coal, iron ore, and grains, jumped 9.6% to 1,904, marking its highest level since October 7. The rally in BDI reflects strong activity in global trade routes. On the back of this, Shipping Corporation of India (SCI) (up 5.16%), Velox Shipping and Logistics (up 5%) and Great Eastern Shipping Company (up 2.63%) surged. A rising BDI typically boosts earnings potential for shipping companies as it directly translates into higher freight revenues per voyage. Powered by Capital Market - Live

Revenue from operations declined 6.18% YoY to Rs 1,325.19 crore in the quarter ended 31 March 2025. Profit before tax (PBT) stood at Rs 171.34 crore in Q4 FY25, down 28.32%, compared to Rs 239.05 crore recorded in Q4 FY24. Total expenses decreased 3.45% YoY to Rs 1,242.05 crore in Q4 FY25. The cost of service rendered stood at Rs 713.23 crore (down 10.82% YoY), employee benefit expense was at Rs 163.41 crore (up 12.64% YoY) and finance cost stood at Rs 38.81 crore (down 4.05% YoY) during the period under review. On segmental front, revenue from Liner stood at Rs 238.62 crore (up 32.16% YoY), revenue from bulk carriers stood at Rs 99.89 crore (down 45.85% YoY), revenue from tankers stood at Rs 927.51 crore (down 5.25% YoY) and revenue from technical & offshore stood at Rs 65.05 crore (down 19.21% YoY), during the quarter. On full year basis, the company's consolidated net profit jumped 24.24% to Rs 843.58 crore on 11.08% increase in revenue from operations to Rs 5,605.83 crore in FY25 over FY24. Meanwhile, the company's board has recommended a dividend of Rs 6.59 per equity share, subject to the approval of shareholders at the forthcoming Annual General Meeting (AGM). If approved, the dividend will be paid within 30 days from the date of approval at the AGM. The Shipping Corporation of India (SCIL) is a national carrier, with the Government of India (GoI) holding 63.75% of the equity as on 31 March 2025. SCIL is the largest Indian shipping company in terms of capacity with a diversified fleet profile. The company is diversified in terms of its business segments, namely, crude oil/product tankers, dry bulk, offshore services, and container operations. The company also has a presence in passenger vessels, chemicals and gas transportation. The counter declined 1.14% to Rs 186.70 on the BSE. Powered by Capital Market - Live

Shipping Corporation of India announced that the Board of Directors of the Company at its meeting held on 16 May 2025, inter alia, have recommended the final dividend of Rs 6.59 per equity Share (i.e. 65.9%) , subject to the approval of the shareholders.Powered by Capital Market - Live