Shares of Shipping Corporation of India Ltd (SCI) declined by 5.31% today, trading at ₹181.39 on the NSE, after the company reported a significant drop in profitability for Q3 FY25. The company posted a 43.8% YoY decline in net profit to ₹75.5 crore for the December 2024 quarter, compared to ₹134.4 crore in the same period last year. The disappointing performance was largely due to declining revenues and a contraction in operational margins.
Key Q3 FY25 Financial Highlights:
- Net Profit: ₹75.5 crore, down 43.8% YoY
- Revenue: ₹1,315.6 crore, down 1.9% YoY
- EBITDA: ₹357.3 crore, down 14.3% YoY
- EBITDA Margin: 27.2% vs 31.1% YoY
The decline in the company’s EBITDA margin highlights rising operational costs and ongoing challenges within the shipping sector. SCI, despite the weaker quarterly results, remains India’s largest shipping firm, operating under the Ministry of Ports, Shipping, and Waterways.
Stock Details:
- Current Price: ₹181.39
- Previous Close: ₹191.56
- Percentage Change: -5.31%
- Market Cap: ₹84.62 billion
- Day Range: ₹177.21 – ₹181.69
- Year Range: ₹177.21 – ₹384.20
- P/E Ratio: 8.75
- Dividend Yield: 0.28%
The company announced its Q3 FY25 financials after market hours on February 7, 2025. Despite near-term challenges, SCI’s strategic role in India’s maritime growth positions it to potentially recover as operational improvements take hold.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
