Shipping Corp Q4 PAT drops 40% YoY to Rs 185 cr
Shipping Corporation of India reported 39.74% decline in consolidated net profit of Rs 185.14 crore in Q4 FY25 as against Rs 307.28 crore posted in Q4 FY24.
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 companys 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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
8 minutes ago
- India Today
Sebi issues attachment order against Mehul Choksi for non-payment of penalties
The Securities and Exchange Board of India (Sebi) on Friday issued a recovery attachment order against absconding diamond merchant Mehul Choksi, who is a co-accused in the Rs 13,850-crore Punjab National Bank (PNB) fraud case, which is one of the biggest banking scams in India's recovery officer has been assigned the task of taking action on the attachment order, issued on June 4 by the financial agency's Mumbai action against the fugitive diamond merchant had been initiated due to the non-payment of a Rs 1.5 crore penalty imposed by Sebi on January 31, 2022. Sebi went ahead with the attachment as it believed that Choksi might dispose of funds, thus obstructing the recovery of the total dues amounting to Rs 2.10 who has been wanted in India since 2018, was arrested in Belgium in April. His arrest, which took place on April 12, was made by Belgian authorities after a request from Indian agencies like the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED).He was detained in a hospital in Belgium, where he was said to be receiving medical PNB SCAMThe Rs 13,850-crore PNB scam involved Choksi and his nephew Nirav Modi, who is currently languishing in a jail in the UK and is soon to be extradited to they were able to take loans from foreign banks using Letters of Undertaking (LoUs) issued by PNB's Brady House branch in Mumbai. An LoU is a bank guarantee which allows customers to get short-term credit from overseas 2011 to 2018, Choksi, Modi and their companies used these LoUs without following the normal procedures. Some bank officials were involved and allowed the LoUs to be issued without entering them into the bank's main system. This helped the fraud go unnoticed for funds, which were shown as being used for importing goods, were mostly never returned. Instead, new LoUs were taken to repay the earlier ones, and the money was used for business and personal total value of the fraud reached around Rs 13,850 crore. Out of this, Nirav Modi's companies were linked to Rs 6,498 crore and Choksi's Gitanjali Group to Rs 6,097 crore. The remaining amount includes interest and other Watch IN THIS STORY#Mumbai Indians
Time of India
16 minutes ago
- Time of India
Big-ticket shuffle: SBI MF and Goldman Sachs pick up 1.8% in Bajaj Finserv; ZF promoter pares Rs 792 crore stake
In a major secondary market transaction, marquee investors including SBI Mutual Fund, Goldman Sachs, and Morgan Stanley acquired a combined 1.8% stake in Bajaj Finserv on Friday for Rs 5,506 crore through a series of bulk transactions on the National Stock Exchange, according to exchange data. A total of 2.86 crore shares changed hands at an average price of Rs 1,925.20 per share. The buyers also included JP Morgan India, Citigroup Global, Societe Generale, SBI Life Insurance, BofA Securities, and Barclays Merchant Bank (Singapore), PTI reported. The shares were sold by promoter entities Bajaj Holdings and Investment Ltd and Jamnalal Sons, whose collective holding in Bajaj Finserv declined to 58.84% from 60.64% after the transaction. Following the deal, Bajaj Finserv shares rose 2.30% to close at Rs 1,988.70 on the NSE. In a separate transaction, Wabco Asia Pvt Ltd — the promoter of ZF Commercial Vehicle Control Systems India — divested a 3.16% stake in the company for Rs 791.63 crore through the open market. Wabco sold over 6 lakh shares at an average price of Rs 13,191 apiece. Its holding in the company declined from 63.16% to 60%. Among the buyers were Franklin Templeton Mutual Fund, Aditya Birla Sun Life Mutual Fund, HDFC Standard Life Insurance, Goldman Sachs (Singapore), Societe Generale, and Citigroup Global Markets Mauritius. Shares of ZF Commercial Vehicle Control Systems India closed 4.46% higher at Rs 13,917 on the NSE. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
16 minutes ago
- Time of India
One in four international students in US were from India: At 4.2 lakh Indian students, fuelled surge in numbers during 2024
The total number of active F-1 and M-1 international student SEVIS records in the US were a whopping 15.8 lakh in 2024, marking a 5.3% increase over the previous calendar year. According to a report released by the US Immigration and Customs Enforcement (ICE) – 'SEVIS by the Numbers 2024', while international students hailed from more than 229 countries, this growth was substantially fuelled by students from India. Asia had the largest number of active international student records in the US, nearly 11 lakh students from this continent accounted for nearly 72% of the total foreign student population. Nearly 4.2 lakh Indian students represented an increase of 11.8% compared to 2023, while the 3.2 lakh foreign student records from China, which is the other major source country, represented a small decrease of 0.25 percent compared to 2023. Indian students constitute nearly 27% of the total foreign student population in 2024, followed by Chinese at 20%. The data in this report is drawn from the Student and Exchange Visitor Information System (SEVIS), a web-based system that the Department of Homeland Security uses to maintain and manage information on foreign students and exchange visitors. While the F-1 visa is held by those undergoing academic study courses, the M-1 visa is given to students undergoing vocational programs. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Tìm hiểu thêm Undo According to the ICE-report, more than 90% or to be precise 14.3 lakh international students were enrolled in higher education degree programs, California enrolled the largest number of foreign students at 2.37 lakh, followed by New York at 1.72 lakh. attracted the maximum number of international students While this ICE-report is based on data for 2024, the recent trends are not as rosy. Chris R. Glass, a professor and higher education specialist at Boston College analysed SEVIS data between March 2024 to March 2025. According to him, 'The overall decline of -11.3% from March 2024 (with 11.53 lakh active students) to March 2025 (with 10.22 lakh active students) is remarkable in both scale and speed.' His study shows that the number of students from India declined by nearly 28% from 3.54 lakh in March 2024 to 2.55 lakh a year later. The number of Chinese students rose marginally by 3.28% to stand at 2.63 lakh as of March 2025. Glass points out that 'The current year-over-year decline is a reflection of an enrollment cycle that began under the Biden administration, so the March 2025 numbers have yet to reflect any impacts of policies implemented under the second Trump administration.' Anecdotal evidence suggests that US is losing its lustre as an attractive study destination for Indian students owing to a multitude of factors such as: The arbitrary termination of SEVIS records and/or F1 visas of international students – which led many to self deport, while others stayed back to battle it out in courts; the uncertainty relating to continuity of the extended optional practical training program (OPT) for STEM students, the temporary suspension of consulate interviews pending release of a social-media scrutiny policy and mass layoffs in corporate America. Thus, the numbers for March 2026 could be much lower. Indian students dominate the STEM field: While international students are eligible for a one year OPT, those from the Science, Technology, Mathematics and Engineering (STEM) fields, post their graduation, get an additional two years of work experience under the OPT program. There were 1.94 lakh OPT students with both an employment authorization document (EAD) and who reported working for an employer in 2024, compared to 1.60 lakh 2023. This marks a 21.1 percent increase from 2023 and the fourth year of consecutive growth, states the ICE-Report. In 2024, nearly 1.65 lakh international students participated in the STEM-OPT extension program. The ICE-report points out that Indian students are particularly prominent in the post-completion OPT- STEM extension program, accounting for a substantial 48.0% of participants. and 20.4% from China.
