Disinvestment-bound Shipping Corporation of India Ltd (SCI) on Friday reported a multi-fold rise in its consolidated net profit to Rs 291.44 crore for the second quarter ended September 2024. The shipping company had reported a net profit of Rs 65.73 crore in the corresponding quarter of the previous fiscal, it said in a BSE filing.
SCI’s total income rose to Rs 1,491.23 crore during the quarter under review from Rs 1,161.89 crore in the year-ago period.
Total expenses also increased to Rs 1,195 crore from Rs 1,113 crore earlier.