SCI reported a net profit of rs. 302.35 crore for FY 2019-20
New Delhi: The Shipping Corporation of India Limited (SCI) declared its audited financial results for the quarter and year ended 31st March, 2020, posting a net profit (PAT) of Rs. 113.75 crore for quarter ended 31st March, 2020 as against a net profit (PAT) of Rs. 45.99 crore reported for thequarter ended 31st March, 2019. With this, SCI has reported a net profit (PAT) of Rs. 302.35 crore as against net loss (PAT) of Rs. 121.99 crore for the year FY 2018-19. Though the outbreak of COVID -19 has severely impacted business operations across all industries, timely and effective measures taken by SCI have helped to minimise disruption of operations. SCI emerges as the first public sector undertaking in Navratna/Maharatna category to declare its financial results in the challenging environment of the pandemic.
News Must Read
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area
- SCOPE organizes Public Sector Day celebrations
- IOCL Final Dividend Announcement Expected at April 30 Board Meeting
- Steel Cutting Ceremony of Indian Navy held at HSL Vishakapatnam
- DIPAM declines PFC-REC debt resolution proposal for KSK Mahanadi project