Business Standard

Shipping Corporation Q4 net profit jumps 83%, income surges to Rs 1,392 cr

Total expenses were higher at Rs 1,284.35 crore during the quarter as against Rs 1,031.48 crore a year ago

shipping, storage, crude, ships, transportation, oil, petrol, gas, production, company
Premium

This change has reduced provision for taxation by Rs 1,883 lakhs and deferred tax liability by Rs 137 lakhs for the year ended March 31,2020.

BS Web TeamAgencies New Delhi
Shipping Corporation of India (SCI) on Saturday reported an 83 per cent jump in its consolidated profit at Rs 111 crore for the quarter ended March 31 (Q4FY20).

The state-owned company had clocked a consolidated profit of Rs 60.68 crore for the corresponding quarter in 2018-19, it said in a regulatory filing. Its total consolidated income surged to Rs 1,391.85 crore during the quarter under review as against Rs 1,068.62 crore in the year-ago period.

Total expenses were higher at Rs 1,284.35 crore during the quarter as against Rs 1,031.48 crore a year ago.

For the full fiscal, the company

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in