Chowgule Steamships Limited reported a total income of ₹650.06 lakh for the financial year ended March 31, 2026, according to its audited standalone financial results. The shipping company recorded a loss after tax of ₹14.00 lakh for the full year, narrowing from the previous year's loss of ₹127.31 lakh. The Board of Directors approved the results at a meeting held on May 26, 2026.

For the quarter ended March 31, 2026, the company reported a total income of ₹583.62 lakh. It posted a profit after tax of ₹21.69 lakh for the quarter, a turnaround from the loss of ₹86.55 lakh recorded in the same period last year. The basic and diluted earnings per share (EPS) for the quarter were ₹0.35.

The company operates in a single business segment, Shipping. Previous year figures have been regrouped wherever necessary to ensure comparability. The financial results were reviewed by the Audit Committee before being approved by the Board.

Financial Performance

The following table details the standalone financial results for the quarter and year ended March 31, 2026:

The paid-up equity share capital of the company has a face value of ₹10 per share. The total comprehensive income for the year, comprising profit for the period and other comprehensive income after tax, stood at (14.78) lakh.

Chowgule Steamships Limited reported a net loss of ₹14.00 lakh for the financial year ended March 31, 2026, a reversal from the net profit of ₹128.56 lakh in FY25. Revenue from operations fell to ₹327.31 lakh from ₹388.24 lakh, while total income decreased to ₹583.62 lakh from ₹650.06 lakh. The financial results were approved by the Board of Directors on May 26, 2026, alongside key auditor appointments for FY27.

The Board appointed M/s. Singavi, Oturkar and Kelkar as Internal Auditors for FY27. The firm brings over two decades of experience, including statutory audits for nationalised banks under the Reserve Bank's empanelment and audits for public sector undertakings. Additionally, the Board continued the appointment of M/s. Pranay D. Vaidya and Co. as Secretarial Auditors, a role initially established for a five-year term at the 62nd Annual General Meeting.

For the quarter ended March 31, 2026, the company reported a net loss of ₹86.55 lakh compared to a net profit of ₹21.69 lakh in Q4FY25. Revenue from operations for the quarter stood at ₹87.47 lakh, down from ₹103.05 lakh. Total expenses for the full year increased to ₹491.24 lakh from ₹448.82 lakh, driven by higher other expenses and employee benefit costs.

M/s. M N Chokshi Co LLP, Statutory Auditors, issued an unmodified opinion on the standalone financial results. Key audit matters included transactions with related parties and the evaluation of uncertain tax positions involving long litigations. The auditors confirmed the financial results present a true and fair view in conformity with applicable accounting standards.

The balance sheet as of March 31, 2026, showed total assets of ₹5,349.27 lakh, slightly higher than ₹5,332.10 lakh in the previous year. Equity decreased to ₹4,436.69 lakh from ₹4,451.47 lakh. Cash flow from operating activities resulted in a net outflow of ₹411.96 lakh, while investing activities provided a net inflow of ₹406.45 lakh, largely due to a loan refund of ₹400.00 lakh from a related party.

Financial Performance for FY26