Revenue from bulk carrier, liner, and technical and offshort segments came in at Rs 101.41 crore, Rs 134.96 crore, and 46.49 crore, respectively.
However, H.K Joshi, chairperson and mamaging director for SCI cautioned that the trend may not sustain in the future given the Covid-19 outbreak.
"The pandemic and the lockdown imposed to flatten the curve of infection spread have caused an unprecedented and a massive havoc in the entire economy and business operations. The shipping business and markets
have been adversely impacted as the cascading effect of the lockdown pervaded the port and cargo operations leading to delays in clearing af cargo containers, berthing of vessels, clearance of documents/immigration resulting in demand compression and utilization levels of ships. Rise in tanker rates in the backdrop of sharp drop in oil prices and demand for floating storage may not sustain in the future. The near-term outlook for major shipping segments like dry bulk, containers and offshore appears negative," he said in a statement.
At 1:04 pm, the stock was quoting at Rs 61 per share on the BSE, as against 293 points, or 0.77 per cent, rise in the benchmark S&P BSE Sensex. A combined 4.58 million shares had changed hands on the counter on the NSE and BSE till the time of writing of this report.