Shipping Corporation of India

Strategy Note: Shipping Corporation of In...

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues sequentially grew 4.7% YoY (down 3.7% QoQ) to | 865 crore (I-direct estimate: | 828 crore). A sustained recovery in Baltic Dry Index (BDI) led its bulk segment revenues to nearly double to | 88.2 crore (vs. | 48 crore in Q1FY17). In addition to the same, the liner segment (which includes break bulk, container transport passenger vessels and research vessels) also nearly doubled to | 167 crore vs. | 90 crore in Q1FY17. Also, revenues from offshore grew...

Shipping Corporation of India Ltd.

Shipping Corporation of India