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( As on 08/08/2025 18:30)

Shipping Corpn. Q1 net profit up 19.63% at Rs 343.23 cr

The company reported standalone net profit of Rs 343.23 crore for the quarter ended June 30, 2025 as compared to Rs 286.92 crore in the same period last year, registering a year-on-year growth of 19.63 per cent.

Net revenue of the company declined moderately by 13.10 per cent at Rs 1,315.68 crore in April-June quarter of this fiscal as against Rs 1,514.07 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 17.75 per cent to Rs 825.93 crore from Rs 1,004.21 crore in year ago period.

Other Income grew by 231.20 per cent at Rs 145.66 crore versus (Jun'24 Rs 43.98 crore).

Operating Profit slipped by 3.94 per cent to Rs 489.75 crore as against Rs 509.86 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 10.54 per cent in June quarter.

Interest declined by 24.50 per cent y-o-y to Rs 30.50 crore, while Taxation increased by 77.13 per cent at Rs 12.08 crore (Jun'24 Rs 6.82 crore).