Shipping Corporation Of India Limited — Others, 16-05-2025: Change in Management

The Shipping Corporation of India Limited has announced a board meeting outcome approving the audited consolidated and standalone financial results for the quarter and financial year ended March 31, 2025. The board has proposed a dividend of Rs. 6.59 per equity share, pending shareholder approval. The company reported consolidated profit after tax of Rs. 845 Cr and standalone profit after tax of Rs. 814 Cr, with earnings per share at Rs. 18.11 (consolidated) and Rs. 17.48 (standalone). The tanker segment led revenue and profit contributions. J N Gupta & Co. LLP was appointed internal auditors for two years from April 2025. Strategic government disinvestment and key initiatives like resolving Performance Related Pay issues and leaseback of non-core assets post-demerger remain in progress. Auditors gave clean opinions on the results.