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.

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

• Fleet expanded to 58 owned vessels, including two new VLGCs inducted and 40 additional vessels managed for government organizations.

• Audited standalone and consolidated financial results for FY26 were approved with unmodified audit opinions.

Financial highlights

• EBITDA for FY26 was INR 2,633 crore, with consolidated PBT reaching INR 1,423 crore, up 67% year-over-year.

• Net worth stood at INR 8,489 crore, with cash and liquid investments of INR 2,676 crore.

• Long-term debt was INR 2,409 crore, resulting in a debt-equity ratio of 0.29 and DSCR of 4.61.

• Book value per share rose to INR 219.8, and basic and diluted EPS (consolidated) for FY26 stood at INR 29.05.

• Standalone total assets increased to INR 12,707 crore as of 31.03.2026.

Outlook and guidance

• Plans to add both new and secondhand vessels in FY27, 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.

• Management does not expect material impact from ongoing geopolitical disruptions in the Middle East on financial results.

• Strategic disinvestment process by the Government of India is ongoing, with due diligence in progress.