Shipping Corporation of India consolidated net profit declines 22.77% in the March 2021 quarter

Sales decline 33.37% to Rs 875.39 crore

Net profit of Shipping Corporation of India declined 22.77% to Rs 85.76 crore in the quarter ended March 2021 as against Rs 111.05 crore during the previous quarter ended March 2020. Sales declined 33.37% to Rs 875.39 crore in the quarter ended March 2021 as against Rs 1313.82 crore during the previous quarter ended March 2020.

For the full year,net profit rose 106.87% to Rs 696.09 crore in the year ended March 2021 as against Rs 336.48 crore during the previous year ended March 2020. Sales declined 16.32% to Rs 3703.29 crore in the year ended March 2021 as against Rs 4425.44 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales875.391313.82 -33 3703.294425.44 -16 OPM %25.5022.92 -31.2725.76 - PBDT235.74268.87 -12 1340.701052.91 27 PBT81.98104.81 -22 712.76381.64 87 NP85.76111.05 -23 696.09336.48 107

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