InvestorQ : Can you give me a quick overview of the Q2 results of Shipping Corporation and Venky’s announced on 01-Nov?
Riya Dwivedi made post

Can you give me a quick overview of the Q2 results of Shipping Corporation and Venky’s announced on 01-Nov?

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shrinidhi Rajan answered.
4 weeks ago
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Let me talk about Shipping Corporation of India first. The company reported 44.84% growth in total revenues for the quarter at Rs.1,221 crore. In terms of specific segments of SCI, Liner revenues was up 176% at Rs.328 crore and bulk carrier revenues up 113.8% at Rs340cr. The tanker business saw revenues fall 7% yoy at Rs.476 crore.

Net profits for the Sep-21 quarter was up an impressive 71.27% at Rs.243 crore on a sharp check on operating costs. While the liner vertical saw EBIT turn around to a profit, the tanker business saw EBIT dip into a loss of Rs79cr. Net margins stood at 19.90% in the Sep-21 quarter compared to 16.83% last year.

Venky’s reported 40.7% growth in revenues at Rs.988 crore. In terms of revenue growth, the poultry products vertical and animal health products saw 40% sales growth while oilseeds grew 50% yoy. PAT was lower by 15.6% due to spike in input costs.

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