Shipping Corporation of India (SCI) on Saturday reported a 77.42 per cent jump in its consolidated net profit to Rs 152.16 crore for the fourth quarter ended March 2022.
The state-owned company had clocked a consolidated profit of Rs 85.76 crore in the same quarter of 2020-21, it said in a regulatory filing.
Its total consolidated income rose to Rs 1,364.62 crore during the quarter under review against Rs 900.73 crore in the year-ago period.
Total expenses also increased to Rs 1,223.76 crore during the quarter compared to Rs 838.57 crore a year ago.
For FY22, the company reported a consolidated profit of Rs 865.22 crore. It had recorded a profit of Rs 696.9 crore in 2020-21. In March last year, the government received multiple bids for the privatisation of the Shipping Corporation of India.