On November 11, Shipping Corporation of India shares rose by 11.9%, reaching an intraday high of ₹232 per share on the Bombay Stock Exchange (BSE). This increase followed the company's announcement of a substantial rise in Q2FY25 profits, bringing attention to share market investment opportunities in the shipping sector.
Significant growth in revenue from operations
The Shipping Corporation's revenue from operations showed a strong 32.7% growth for the quarter, totalling ₹1,450.76 crores compared to ₹1,093.2 crores in the same period last year. This performance highlights the company's progress and its role in supporting those looking into share market investment in the logistics and transport sectors.
Substantial rise in Q2 net profit
On Friday, after market hours, the Shipping Corporation reported a 343% increase in consolidated net profit for Q2FY25, reaching ₹291.44 crore compared to ₹65.73 crore a year earlier. This substantial profit growth has driven interest in share market investment, especially within the shipping and transportation sectors.
Earnings before interest, tax, depreciation, and amortisation (EBITDA)
The EBITDA for Shipping Corporation for Q2FY25 stood at ₹533 crore, a significant increase from ₹236 crore in the previous year, representing a 126% rise. The company's EBITDA margin for the quarter rose to 36.7%, up from 21.6% in the same quarter last year. This improvement further supports share market investment potential in Shipping Corporation shares as the company continues to deliver positive financial performance.
Market capitalisation and stock performance
At around 9:20 AM on November 11, the company's stock price was trading at ₹228.2 per share on the BSE, reflecting a 7.44% increase. At this time, the broader BSE Sensex was down by 0.43% at 79,146.65. Shipping Corporation's market capitalisation stood at ₹10,762.29 crore. For investors focused on share market investment, the stock's performance has been noteworthy over the past year, with a 59.8% increase compared to Sensex's 22% rise.
Stock's 52-week high and low
Shipping Corporation's share price saw a 52-week high of ₹384.8 per share and a low of ₹131.1 per share, showcasing volatility and growth potential that may attract those interested in share market investment.
Shipping Corporation's role in global trade
Through its expansive services, the Shipping Corporation is integral to India's global economic linkages, transporting essential goods and serving major international trade routes. This position as a prominent player in the shipping industry offers insights for those considering share market investment in enterprises with global outreach and consistent performance.
For android only