SCI reported a net profit of Rs. 302.35 crore for FY 2019-20

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The Shipping Corporation of India Limited (SCI) declared its audited financial results for the
quarter and year ended 31st March 2020, posting a net profit (PAT) of Rs. 113.75 crore for
the quarter ended 31st March 2020 as against a net profit (PAT) of Rs. 45.99 crore reported for the
quarter ended 31st March 2019.
With this, SCI has reported a net profit (PAT) of Rs. 302.35 crore as against net loss (PAT) of Rs.
121.99 crore for the year FY 2018-19. Though the outbreak of COVID -19 has severely impacted
business operations across all industries, timely and effective measures taken by SCI have
helped to minimise the disruption of operations. SCI emerges as the first public sector undertaking
in Navratna/Maharatna category to declare its financial results in the challenging environment
of the pandemic.
The Board of Directors recommended a dividend of Rs 0.75/- per equity share of the face value of
Rs. 10/- each. The outgo on this account will be approximately Rs. 35 crore, subject to the
approval of members at the Annual General Meeting.
SCI, India’s largest shipping company having DWT of 5.31 million (GT of 2.94 million) with a
the fleet of Fifty Nine vessels also manages Fifty One vessels on behalf of various Government
bodies, Administrations & Organisations.

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