Shipping Corporation of India Ltd’s Q4FY18 standalone net profit rises 173.9% yoy to Rs254.5cr

Shipping Corporation of India Ltd’s Q4FY18 standalone net profit rises 173.9% yoy to Rs254.5cr
Shipping Corporation of India Ltd reported earnings growth for Q4FY18 mainly due to a Rs284.3cr reduction in deferred tax liability. Revenue rose by 2.1% yoy to Rs916.9cr. EBITDA stood at Rs139.7cr, down 39.5% yoy. EBIDTA margin fell sharply by 1,048bps yoy to 15.2%. Net Profit stood at Rs254.5cr, up 174% yoy. During the quarter, the ... read more
Source: Shipping NewsPublished on 2018-05-25
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