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SHCIL net rises 54% for full year

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Mumbai, May 2 Stock Holding Corporation of India Ltd (SHCIL), India’s largest custodian and depository participant, reported a 68 per cent jump in profit before tax at Rs 101 crore for the financial year ended March 31 compared with Rs 60 crore in the previous financial year. The profit after tax increased by 54 per cent to Rs 69 crore (Rs 45 crore), the company said in a release. Besides being the only authorised e-stamping agency, the corporation has also been made the sole custodian under the NPS by the Pension Fund Regulatory & Development Authority.

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