The Shipping Corporation of India (SCI) Q4 25/26 earnings summary

Executive summary

• Standalone net profit reached INR 1,326 crore and consolidated net profit INR 1,353 crore, up from INR 814 crore and INR 844 crore last year, respectively.

• Operating revenue rose to INR 5,778 crore from INR 5,592 crore year-over-year.

• Highest ever consolidated PBT of INR 1,423 crore, a 67% increase over the previous year.

• Board declared a 75% dividend (INR 7.5 per share), with a final dividend of ₹1 per share also proposed.

• Fleet expanded to 58 owned vessels, including new VLGCs, enhancing energy transport capacity.

Financial highlights

• EBITDA for FY 2026 was INR 2,633 crore; standalone EBITDA margin improved year-over-year.

• Net worth stood at INR 8,489 crore; cash and liquid investments at INR 2,676 crore; long-term debt at INR 2,409 crore.

• Debt-equity ratio at 0.29 and DSCR at 4.61.

• Operating cash flow grew by 58% year-over-year.

• Return on equity exceeded 16% for the year.

Outlook and guidance

• Plans to add both new and secondhand vessels in FY 2027, with a long-term expansion plan up to 2047.

• Positive outlook for coastal and offshore segments, with ongoing capital decisions to expand tonnage and geographical footprint.

• Strategic focus on reinvestment, financial strength, and stakeholder value.

• Ongoing vessel acquisition tenders and a dual-fuel PSV order placed.

• JV initiatives expected to capture 25%-30% of Indian oil cargo demand, with potential for expansion.