PDP Shipping & Projects reported a 40.4% decline in net profit to ₹125.61 crore for the financial year ended March 31, 2026, compared to ₹210.72 crore in the previous year. Revenue from operations rose 27.7% to ₹2,785.08 crore from ₹2,181.77 crore in FY25. The company’s Board approved the audited financial results for the year and half-year ended March 31, 2026, during a meeting held on May 29, 2026.

The Board recommended a final dividend of ₹1 per equity share, subject to shareholder approval at the ensuing Annual General Meeting. The dividend will be paid within 30 days of its declaration, with the record date to be communicated later. Additionally, the Board approved the reappointment of M/s Abhishek M Agrawal & Co. as Internal Auditors for the financial year 2026-27.

Financial Performance

The company’s total income for FY26 stood at ₹2,847.38 crore, up from ₹2,188.49 crore in the prior year. Total expenses increased to ₹2,666.58 crore from ₹1,921.82 crore. Profit before tax for the year declined to ₹180.80 crore from ₹266.67 crore in FY25. The basic earnings per share for FY26 were ₹4.22, compared to ₹10.18 in the previous year.

Balance Sheet and Cash Flows

The company’s total assets stood at ₹2,227.87 crore as of March 31, 2026, down from ₹2,446.98 crore a year earlier. Shareholders' funds increased to ₹2,020.16 crore from ₹1,894.55 crore. Cash and cash equivalents decreased significantly to ₹93.31 crore from ₹443.91 crore in FY25. The cash flow statement showed a net decrease in cash and cash equivalents of ₹350.60 crore for the year, primarily due to financing and investing activities.

Auditor’s Report

M/s Bilimoria Mehta & Co., Chartered Accountants, issued an unmodified opinion on the audited financial results. The report confirmed that the results are presented in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and provide a true and fair view of the company’s financial position. The auditors noted that the half-year results were derived as balancing figures between the audited full-year results and the unaudited half-year results ended September 30, 2025.

PDP Shipping & Projects Limited has announced that its board of directors will meet on Friday, May 29, 2026. The meeting has been convened in accordance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The primary agenda for the meeting includes the consideration and approval of the audited financial results of the company for the half-year and year ended March 31, 2026. Furthermore, the board will evaluate the recommendation of a final dividend, if any, for the financial year concluded on March 31, 2026.

Trading Window Closure

In conjunction with the board meeting, the company has informed the stock exchanges regarding the closure of the trading window. This measure is effective from April 1, 2026, and will remain in place until May 31, 2026, for all designated persons of the company and their immediate relatives. The closure is intended to prevent insider trading during the period leading up to the declaration of the audited financial results.

The intimation was formally addressed to the Manager of the Listing Department at BSE Limited on May 22, 2026. The company's scrip code on the BSE is 544378, and it trades under the symbol PSPL.