Shipping Corporation of India standalone net profit declines 58.78% in the March 2017 quarter

Sales decline 5.09% to Rs 897.73 crore

Net profit of Shipping Corporation of India declined 58.78% to Rs 92.36 crore in the quarter ended March 2017 as against Rs 224.04 crore during the previous quarter ended March 2016. Sales declined 5.09% to Rs 897.73 crore in the quarter ended March 2017 as against Rs 945.85 crore during the previous quarter ended March 2016.

For the full year,net profit declined 82.01% to Rs 135.52 crore in the year ended March 2017 as against Rs 753.28 crore during the previous year ended March 2016. Sales declined 14.89% to Rs 3446.87 crore in the year ended March 2017 as against Rs 4049.88 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales897.73945.85 -5 3446.874049.88 -15 OPM %25.4636.92 -22.3533.06 - PBDT236.19346.48 -32 743.311331.67 -44 PBT80.33207.18 -61 177.24789.42 -78 NP92.36224.04 -59 135.52753.28 -82

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