Sadhav Shipping Limited has announced its audited standalone and consolidated financial results for the half year and year ended 31st March, 2026. The Board of Directors approved the results at a meeting held on May 14, 2026. The company reported a net profit of ₹14.72 crore for FY26, compared to ₹11.75 crore in the previous year, with revenue from operations standing at ₹97.55 crore.

Financial Performance Overview

The standalone financial metrics for the year ended 31st March, 2026, reflect growth in profitability. For the fourth quarter (Q4 FY26), the company reported a revenue of ₹34.34 crore and a net profit of ₹3.15 crore. The consolidated results incorporate Sadhav Shipping Limited and its associate company, United Sadhav Integrated Maritime Private Limited, which was incorporated in October 2025.

Conference Call Details

The management team will discuss the financial performance and business updates during an earnings conference call scheduled for Thursday, 21st May, 2026, at 4:30 p.m. IST. Participants include Mr. Vedant K. Choudhury, Whole Time Director & Chief Executive Officer; Mr. Shyam Sundar Banik, Executive Director, Finance & Accounts; Mr. Nilakantha Sahu, Chief Financial Officer; and Ms. Madhuri Rathi, Company Secretary & Compliance Officer.

Operational Highlights

During Q4 FY26, Sadhav Shipping commenced operations at Chennai Port and launched the vessel 'Sadhav Shivani' for long-term mooring operations at Paradip Port. The company secured multiple contracts across port services, offshore logistics, and defence-linked offshore vessel services. The statutory auditors, M/s Suvarna & Katdare, issued an unmodified opinion on the financial statements.

Sadhav Shipping Limited has secured a Letter of Acceptance (LOA) from Jawaharlal Nehru Port Authority (JNPA) for the deployment of two newly built FRP Pilot Cum Security Boats. The LOA was received on May 12, 2026, and countersigned by the company on May 13, 2026. The development was disclosed to the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Contract Details

The contract involves providing two FRP Pilot Cum Security Boats to support marine and port operations at JNPA on a daily charter arrangement. The key parameters of the contract are summarised below:

Under the terms of the agreement, Sadhav Shipping will deploy the newly built boats to facilitate marine safety, security, and pilotage operations within the port limits of JNPA.

Strategic Significance

Jawaharlal Nehru Port Authority is described as India's premier container handling port and a key gateway for the country's international trade. The contract entrusts Sadhav Shipping with safety-critical roles including pilotage and security launch operations at the port. The engagement is expected to add to the company's long-term revenue visibility and reinforce its presence at strategically important maritime hubs in India.

Management Commentary

Commenting on the development, Mr. Vedant K. Choudhury, CEO, Sadhav Shipping Limited, stated:

"Securing this mandate from JNPA is a proud moment for every member of the Sadhav team. JNPA is not merely a port — it is the gateway through which India trades with the world. Being entrusted with the safety-critical role of pilotage and security launch operations at this port reflects the confidence that India's port authorities place in our people, our vessels, and our standards. This contract extends our annuity revenue base, deepens our footprint at strategically vital maritime hubs, and strengthens our conviction that Sadhav is building something enduring in Indian maritime services."

About Sadhav Shipping Limited

Sadhav Shipping Limited is an integrated maritime services company incorporated in 1996 and headquartered in Mumbai. The company provides offshore logistics, port services, oil spill response, and specialised marine solutions. With a fleet of owned and chartered vessels and a Pan-India coastal presence, Sadhav Shipping serves key maritime, energy, and infrastructure sectors.