Shipping Corporation of India Reports Decline in Key Financial Metrics for March 2025

Shipping Corporation of India has recently reported its financial results for the quarter ending March 2025, revealing notable shifts in its performance metrics. The company's score has undergone an adjustment, reflecting a change from -11 to -16 over the past three months.
The financial data indicates a decline in key areas. Profit Before Tax (PBT) for the quarter stands at Rs 95.98 crore, which represents a significant reduction compared to the average PBT of Rs 175.70 crore from the previous four quarters. Similarly, Profit After Tax (PAT) has also seen a downturn, recorded at Rs 185.14 crore, down from an average of Rs 241.43 crore in the prior four quarters.

Additionally, net sales have decreased to Rs 1,325.19 crore, falling short of the previous four-quarter average of Rs 1,423.29 crore. While interest expenses have increased to Rs 102.73 crore, indicating a rise in borrowing costs, the company's reliance on non-operating income, which constitutes 43.98% of PBT, raises concerns about the sustainability of its business model.

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