What made Shipping Corporation shares land in troubled waters
The shipping PSU has reported a 42.5 per cent decline in its profit to Rs 65.7 crore Year-on-Year (YoY) for the September quarter due to lower topline. The company's revenue from operations were down by 23 per cent to Rs 1,093.2 crore from the same quarter last fiscal.
Shipping Corporation of India announced its September quarter results on Friday (November 3). Photo: FIle/Representational