Shipping Corp.'s consolidated net profit plunged 40% to Rs 185 crore in the fourth quarter for financial year 2025, according to an exchange filing on Friday.
Shipping Corp Q4 Highlights (Consolidated, YoY)
Revenue down 6.2% to Rs 1,325 crore versus Rs 1,412.5 crore.
Ebitda down 10% to Rs 364.6 crore versus Rs 407.1 crore.
Margin narrows to 27.5% versus 28.8%.
Net profit down 40% to Rs 185 crore versus Rs 307 crore.
The company's board has recommended a dividend of Rs 6.59 per equity share of a face value of Rs 10 each for fiscal 2025, subject to shareholders' approval at the annual general meeting. The dividend, if approved, would be paid within 30 days from the date of its approval at the AGM.
Shares of Shipping Corp. closed 9.28% higher at Rs 188.77 apiece on the NSE before the results were announced, compared to a 0.17% decline in the benchmark Nifty. The stock has fallen 19.36% in the last 12 months and 9.64% on a year-to-date basis.
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