Shipping Corporation Of India Limited has informed the Exchange about appointment of Internal Auditor at the Board Meeting held on 16.05.2025
SCI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SCI's Board met on 16.05.2025 and approved audited standalone and consolidated financial results for Q4 and FY ended 31.03.2025, with auditors issuing an unmodified opinion. Consolidated revenue from operations rose to ₹5,60,583 lakhs (from ₹5,04,653 lakhs in FY24), and net profit grew to ₹84,358 lakhs (from ₹67,897 lakhs), translating to EPS of ₹18.11 vs ₹14.58. The Board also recommended a dividend of ₹6.59 per share (65.90% of face value), implying a payout of about ₹30,696 lakhs, subject to shareholder approval. Additionally, M/s J N Gupta & Co. LLP was appointed as Internal Auditor for FY 2025-26 and FY 2026-27, with an optional one-year extension. The Government of India's strategic disinvestment process for SCI remains ongoing.
Strong FY25 results with profit growth of about 24% YoY and a healthy dividend are positive for shareholders. The ongoing strategic disinvestment by the government continues to be a key overhang on the stock and could limit upside in the near term.