PDP Shipping revenue up 27.7% in FY26; PAT falls 40.4%
- Revenue from operations rose 27.7% YoY to ₹2,785.08 lakh in FY26
- Profit after tax declined 40.4% to ₹125.61 lakh due to higher operating costs
- Company repaid all long-term debt, closing with zero borrowings
- Final dividend of ₹1 per share proposed; first payout since listing
- Remuneration revision for Whole-time Director Shalini Verma seeks approval
*this image is generated using AI for illustrative purposes only.
PDP Shipping & Projects has released its annual report for the financial year ended March 31, 2026, alongside scheduling its 17th Annual General Meeting (AGM) for September 25, 2026. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means.
Financial Performance
Revenue from operations grew 27.7% to ₹2,785.08 lakh in FY26, compared to ₹2,181.77 lakh in FY25. Total income, including other income, stood at ₹2,847.38 lakh. However, profit after tax declined 40.4% to ₹125.61 lakh, down from ₹210.72 lakh in the previous year. Earnings per share fell to ₹4.22 from ₹10.18.
| Metric | FY26 (₹ in Lakh) | FY25 (₹ in Lakh) | Change |
|---|---|---|---|
| Revenue from Operations | 2,785.08 | 2,181.77 | +27.7% |
| Total Income | 2,847.38 | 2,188.49 | +30.1% |
| Profit After Tax | 125.61 | 210.72 | -40.4% |
| Earnings Per Share | 4.22 | 10.18 | -58.6% |
What the Numbers Show
The divergence between topline growth and bottomline contraction highlights margin pressure in a competitive logistics environment. While revenue expanded significantly, driven by a major airfreight mandate and sustained sea freight volumes, operating expenses rose faster at ₹2,221.29 lakh against ₹1,561.65 lakh in FY25. Additionally, a one-time gratuity provision of ₹27.49 lakh and higher employee remuneration weighed on profitability. Conversely, the company strengthened its balance sheet by repaying all long-term property loans, closing the year with zero long-term debt.
Dividend and AGM Details
The Board has recommended a final dividend of ₹1 per equity share for FY26, subject to shareholder approval. This marks the first dividend since the company’s listing on the BSE SME platform. Shareholders on record as of September 18, 2026, will be eligible to receive the payout.
Corporate Governance Updates
The AGM will also address the re-appointment of Managing Director Animesh Kumar, who retires by rotation. Additionally, shareholders will vote on a special resolution to revise the remuneration of Whole-time Director Mrs. Shalini Abhiuday Verma. Her monthly remuneration will increase from ₹4 lakh to ₹6 lakh effective October 1, 2025, along with an annual performance bonus equivalent to one month's salary. For FY26, her total remuneration aggregated to ₹64 lakh, including a one-time performance bonus of ₹4 lakh.
Animesh Kumar signed the intimation regarding the AGM schedule in a letter dated August 31, 2026.
Historical Stock Returns for PDP Shipping & Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | -15.54% | -25.29% | 0.0% |
How will the company address the widening gap between revenue growth and operating expenses to restore profit margins in FY27?
What specific strategies are in place to sustain the airfreight mandate and sea freight volumes that drove the 27.7% revenue increase?
Will the zero long-term debt position enable PDP Shipping to pursue strategic acquisitions or capacity expansion in the near future?
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