The Shipping Corporation of India (SCI) Q2 25/26 earnings summary

Executive summary

• Standalone net profit for Q2 FY26 was INR 176 crore (₹176 crores), consolidated net profit was INR 189 crore (₹189 crores), with an interim dividend of 30% (₹3 per share) declared.

• Operating revenue rose to INR 1,339 crore in Q2 FY26, with consolidated revenue at INR 1,451 crore; EBITDA for the quarter was INR 504 crore (standalone) and ₹574 crores (standalone).

• Inducted two VLGCs, "Sahyadri" and "Shivalik," strengthening LPG transport and energy capabilities.

• Interim dividend of ₹3 per share declared, with a record date of 19.11.2025 and an outgo of approximately ₹139.74 crores.

• Unaudited standalone and consolidated financial results for the quarter and half year ended 30.09.2025 were approved, with statutory auditors issuing unmodified review reports.

Financial highlights

• Standalone net profit: INR 176 crore; consolidated net profit: INR 189 crore.

• Standalone operating revenue for Q2 FY26 was ₹1,451 crores, up from ₹1,316 crores in Q2 FY25 and ₹1,339 crores in Q1 FY26.

• Standalone EBITDA for Q2 FY26 was ₹574 crores; PAT was ₹176 crores.

• Cash and liquid investments: INR 1,875 crore as of 30.09.2025.

• Last quarter's higher profit included INR 79 crore non-recurring income from income tax refund.

Outlook and guidance

• Optimistic yet prudent outlook, with plans to double or triple revenue over five years, targeting 50% operating margins.

• Confident in sustained growth of coastal business, with plans to expand tonnage and geographical footprint.

• JV with oil PSUs to acquire 59 vessels, aiming for long-term contracts and higher fleet efficiency.

• Prudent capacity management and risk mitigation strategies in place to protect margins amid global volatility.