Shipping Corporation’s Q1 net profits soar by 70%

Shipping Corporation’s revenue from operations increased by 26.2 percent to Rs 1,514.3 crore in the quarter ending June, marking a significant increase over Rs.1200.1 Cr in the corresponding period of the previous year. The shipping major posted a 70 percent jump in net profit at Rs 291.5 crore in the first quarter of FY25, compared to Rs 171.6 crore in the year-ago period. Revenue from operations rose 26.2 percent to Rs 1,514.3 crore in the quarter under review over Rs 1,200.1 crore in the corresponding period of the previous financial year.