Shipping Corporation of India Reports Mixed Financial Results for December Quarter 2024
Shipping Corporation of India (SCI) has announced its financial results for the quarter ending December 2024, showcasing a mixed performance. While the Debt-Equity Ratio has improved to its lowest in recent periods, key indicators like Profit Before Tax and net sales have declined, reflecting ongoing challenges in profitability and revenue generation.
Shipping Corporation of India (SCI) has recently reported its financial results for the quarter ending December 2024, revealing notable shifts in its performance metrics. The evaluation changes indicate a decline in the overall score, reflecting challenges faced during this period.On a positive note, SCI has achieved a significant reduction in its Debt-Equity Ratio, now at 0.29 times, marking the lowest level in the last five half-yearly periods. This suggests a strategic effort to decrease borrowing relative to equity capital.
Conversely, several key financial indicators have shown concerning trends. The Profit Before Tax less Other Income (PBT) has registered a substantial decline, now at Rs 49.20 crore, which is significantly lower than the average of the previous four quarters. Similarly, the Profit After Tax (PAT) has also decreased, standing at Rs 75.52 crore, reflecting a downward trajectory in profitability. Additionally, the company's net sales have reached their lowest point in five quarters at Rs 1,315.60 crore, indicating challenges in revenue generation.
Overall, the recent financial results for Shipping Corporation of India highlight a complex landscape, with both positive adjustments and significant areas of concern.
Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
