8 May 2022 , 06:41 AM
The jump in shipping revenues on a yoy basis came from a revival of shipping routes and a rise in shipping demand as global trade came back to more normalize levels.
There was a yoy doubling of liner revenues as well as bulk carrier revenues. Revenues from tankers and technical services saw a spike yoy. Sequential revenues hit by Omicron and Ukraine impact.
Net margins stood at 11.58% in Mar-22 quarter compared to 9.80% in Mar-21. NPM was lower sequentially compared to 21.77% in Q3. The board has recommended final dividend of Rs.0.70 per share.
Financial highlights for Mar-22 compared yoy and sequentially
Shipping Corporation of India | |||||
Rs in Crore | Mar-22 | Mar-21 | YOY | Dec-21 | QOQ |
Total Income (Rs cr) | ₹ 1,314.52 | ₹ 875.39 | 50.16% | ₹ 1,431.26 | -8.16% |
Net Profit (Rs cr) | ₹ 152.16 | ₹ 85.76 | 77.43% | ₹ 311.54 | -51.16% |
Diluted EPS (Rs) | ₹ 3.27 | ₹ 1.84 | ₹ 6.69 | ||
Net Margins | 11.58% | 9.80% | 21.77% |
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