iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Shipping Corporation Q4 PAT up 77.43% at Rs152.16cr on higher freight revenues from shipping

8 May 2022 , 06:41 AM

Shipping Corporation reported 50.16% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs1,314.52cr. On a sequential basis, revenues were lower for the quarter by -8.16%. For the full year FY22, the revenues were higher by 34.8% at Rs4,995cr.

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.

The consolidated net profit for Q4 was up 77.43% at Rs152.16cr while it was sharply down on a sequential basis by -51.16%. While the yoy profits grew on the back of higher revenues and revival of trade routes, the sequential profit fall was on account of sharply lower employee costs and finance costs in the previous Dec-21 quarter.

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%

Related Tags

  • Q4 FY2022 results of Shipping
  • Shipping Corp of India management
  • Shipping Corp of India news
  • Shipping Corp of India Q4
  • Shipping Corp of India Q4FY22 PAT
  • Shipping Corp of India Q4FY22 Result
  • Shipping Corp of India Q4FY22 Shipping business
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.