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Shipping Corpn. Q4 net profit zooms 175.52% at Rs 254.47 cr 24/05/2018 13:00

The company reported standalone net profit of Rs 254.47 crore for the quarter ended March 31, 2018 as compared to Rs 92.36 crore in the same period last year, registering a year-on-year growth of 175.52 per cent.

Net revenue of the company rose marginally by 2.14 per cent at Rs 916.90 crore in January-March quarter of this fiscal as against Rs 897.73 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 16.14 per cent to Rs 777.17 crore from Rs 669.17 crore in year ago period.

Other Income dipped by 28.20 per cent at Rs 36.35 crore versus (Mar'17 Rs 50.63 crore).

Operating Profit slipped by 38.87 per cent to Rs 139.73 crore as against Rs 228.56 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 40.14 per cent in March quarter.

Interest grew by 9.21 per cent y-o-y to Rs 46.96 crore, while Taxation increased by 2213.13 per cent at Rs -278.27 crore (Mar'17 Rs -12.03 crore).

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