Shipping Corporation of India Ltd Share Price – NSE  /  BSE

Shipping, Small Cap

Shipping Corporation of India announced that the Board of Directors of the Company at its meeting held on 17 May 2024, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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Net profit of Shipping Corporation of India declined 19.12% to Rs 307.28 crore in the quarter ended March 2024 as against Rs 379.91 crore during the previous quarter ended March 2023. Sales declined 0.39% to Rs 1412.54 crore in the quarter ended March 2024 as against Rs 1418.14 crore during the previous quarter ended March 2023.

For the full year,net profit declined 21.97% to Rs 678.97 crore in the year ended March 2024 as against Rs 870.16 crore during the previous year ended March 2023. Sales declined 12.90% to Rs 5046.53 crore in the year ended March 2024 as against Rs 5794.01 crore during the previous year ended March 2023.

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Shipping Corporation of India will hold a meeting of the Board of Directors of the Company on 17 May 2024

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Shipping Corporation of India announced the transfer of 16 non-core assets of the company situated at Kolkata, West Bengal to Shipping Corporation of India Land and Assets (SCILAL) on 22 March 2024.

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