Shipping Corp Q1 profit jumps 75% on strong freight revenue

Shipping Corporation of India reported a 75% year-on-year rise in net profit to ₹619 crore for the June quarter, driven by higher freight revenue and improved operating performance. Revenue from operations grew 40% to ₹1,847 crore, while EBITDA surged 80% to ₹882 crore, with margins expanding to 47.8%. The state-run company attributed the results to operational excellence and financial discipline, setting a strong tone for the fiscal year.