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Shipping Corp of India's shares jumped 12% on strong quarterly profits and a new dividend.
Shipping Corporation of India's shares rose over 12% to Rs 249 on February 9, 2026, after reporting a 436% year-on-year increase in net profit to Rs 404.97 crore for the third quarter of FY26, with revenue up 22.5% to Rs 1,611.67 crore.
Profit before tax surged 409.89% to Rs 426.93 crore, while expenses fell 1.88%.
Tanker and bulk carrier segments drove growth, though liner revenue declined.
The company approved a second interim dividend of Rs 3.50 per share, with a record date of February 17, and is inviting bids for eight new VLGCs, with domestic construction prioritized and restrictions on Chinese bidders.
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Las acciones de Shipping Corp of India saltaron un 12% por fuertes ganancias trimestrales y un nuevo dividendo.