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Home / Business / Shipping Corporation of India's profit jumps 77%

Shipping Corporation of India's profit jumps 77%

Total consolidated income rises to Rs 1,364.62 crore from Rs 900.73 crore in the year-ago period
Total expenses also increased to Rs 1,223.76 crore from Rs 838.57 crore a year ago.
Total expenses also increased to Rs 1,223.76 crore from Rs 838.57 crore a year ago.
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PTI   |   New Delhi   |   Published 15.05.22, 01:54 AM

Shipping Corporation of India (SCI) on Saturday reported a 77.42 per cent jump in its consolidated net profit at Rs 152.16 crore for the fourth quarter ended March 2022. The state-run company had clocked a consolidated profit of Rs 85.76 crore in the same quarter of 2020-21, it said in a regulatory filing.

Total consolidated income rose to Rs 1,364.62 crore from Rs 900.73 crore in the year-ago period. Total expenses also increased to Rs 1,223.76 crore from Rs 838.57 crore a year ago. For FY22, the company reported a consolidated profit of Rs 865.22 crore against Rs 696.9 crore in 2020-21.

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D-Mart net up 3%

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported a 3.11 per cent increase in its consolidated net profit to Rs 426.75 crore for the fourth quarter ended March 2022. The company had posted a net profit of Rs 413.87 crore a year ago. Revenue from operations rose 18.55 per cent to Rs 8,786.45 crore from Rs 7,411.68 crore a year ago.

Sundaram Home Fin

Sundaram Home Finance, a wholly owned subsidiary of Sundaram Finance, clocked a 44.9 per cent rise on its net profit for the March quarter at Rs 53.05 crore against Rs 36.60 crore a year ago. 

Disbursements  went up to Rs 794.11 crore from Rs 459.38 crore a year ago. PTI



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