InvestorQ : How does Shipping Corporation look after the latest quarter results?
diksha shah made post

How does Shipping Corporation look after the latest quarter results?

Answer
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Dilmini Mercia answered.
4 months ago


SCI saw a sharp turnaround in performance for the fourth quarter of FY20. In fact, for the Q4 of fiscal 2020, Shipping Corporation of India (SCI) announced an 83% growth in net profits to Rs.111 crore. Its total income for the quarter also surged by over 30% to Rs.1391 crore. For the full year, SCI reported a net profit of Rs.332 crore as against a loss of Rs.62 crore in the previous fiscal year FY19. The improvement in performance was largely led by an improvement in top line for SCI as well as better cost control. The expenses grew at a slower rate compared to the total revenues leading to an improvement in profits. The stock quotes at a reasonable value of Rs.47 per share on the NSE. Certainly, considering the reasonable valuations and the potential for higher dividend yields, one can look to accumulate the stock at current prices.