Shipping Corporation of India Land and Assets Limited (SCILAL) Reports Robust Financial Performance for Q3 FY2025

Mumbai, February 5, 2025
Shipping Corporation of India Land and Assets Limited (SCILAL) (BSE: 544142, NSE: SCILAL) has released its standalone unaudited financial results for the quarter ended December 31, 2024, demonstrating steady revenue growth and profitability.

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Key Financial Highlights (Standalone)​

SCILAL reported total revenue of ₹2,734 lakh in Q3 FY2025, marking a 6.2% increase from Q2 FY2025 (₹2,540 lakh). Profit before tax (PBT) stood at ₹1,382 lakh, reflecting a decline from ₹1,760 lakh in Q2 FY2025 but remaining in line with Q3 FY2024 (₹1,811 lakh).
Net profit after tax (PAT) came in at ₹1,013 lakh, representing a 21.2% decrease QoQ, primarily due to higher taxation. However, the 9M FY2025 PAT stands at ₹3,491 lakh, surpassing the 9M FY2024 figure of ₹3,383 lakh.

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Segment-Wise Performance​

The MTI segment revenue improved significantly to ₹509 lakh in Q3 FY2025, up from ₹314 lakh in Q2 FY2025, reflecting a rise in training activities. The CORP segment remains the primary revenue driver, contributing ₹2,225 lakh in the latest quarter.

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Balance Sheet Summary​

• Total Assets: ₹3,49,498 lakh (as of Dec 31, 2024)
• Total Liabilities: ₹26,911 lakh
• Debt Position: The company has no outstanding loans or defaults on debt securities.

SCILAL maintains a robust financial position with no outstanding borrowings, reinforcing its financial stability.

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Management Commentary​

Capt. B.K. Tyagi, Chairman & Managing Director, stated:

“SCILAL continues to demonstrate strong revenue performance, with steady contributions from our real estate and training segments. We remain focused on strategic asset management and operational efficiency to drive sustained profitability.”

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Strategic Outlook​

• Real Estate Monetization: The company continues to generate steady rental and investment income from its corporate real estate assets.
• Training Expansion: With increased demand for maritime training, SCILAL plans to expand its Maritime Training Institute (MTI) offerings.
• Operational Efficiency: The company remains committed to cost optimization to sustain profitability.

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Conclusion​

SCILAL has reported strong revenue growth and stable profits in Q3 FY2025, with a resilient balance sheet and zero debt obligations. As the company focuses on its real estate and maritime training segments, it remains well-positioned for long-term value creation.