Sadhav Shipping Limited reported a net profit of ₹1,055.24 lakh for the financial year ended March 31, 2026. Revenue from operations for the period stood at ₹9,755.38 lakh. The company's Board of Directors approved the audited standalone and consolidated financial results at a meeting held on May 14, 2026.

The statutory auditor, M/s. Suvarna & Katdare, Chartered Accountants, issued an unmodified opinion on the standalone and consolidated financial results. The audit confirmed that the company has adequate internal financial controls over financial reporting that were operating effectively as on March 31, 2026.

Financial Performance

For the year ended March 31, 2026, the company recorded a total income of ₹9,858.51 lakh. Total expenses for the period amounted to ₹8,791.40 lakh. The profit before tax for the year was ₹1,067.11 lakh. In the previous year ended March 31, 2025, the company reported a net profit of ₹1,175.40 lakh on revenue from operations of ₹9,686.46 lakh.

The company reported basic and diluted earnings per share of ₹9.13 for FY26, compared to ₹8.19 in the previous year.

Capital Allocation and Utilization

During the financial year, Sadhav Shipping raised funds through a preferential issue of equity shares and convertible warrants. The company utilized ₹1,280.11 lakh of the proceeds during the year under review. The allocation included ₹543.37 lakh for the repayment of loans, ₹236.74 lakh for capital investment, and ₹400 lakh for working capital requirements.

Balance Sheet and Cash Flows

As of March 31, 2026, the company's total assets stood at ₹21,177.90 lakh, a decrease from ₹25,200.85 lakh in the previous year. Total equity and liabilities were reported at ₹21,177.90 lakh. The company generated a net cash flow of ₹1,028.96 lakh from operating activities during the year. Cash and cash equivalents at the end of the period were ₹2,003.59 lakh.

sadhav shipping has placed a firm order for four 18-metre FRP composite pilot and security boats to strengthen its capabilities in the port services segment. The order was placed with A.H. Wadia Boat Builders and includes contractual options for two additional vessels, providing flexibility to scale operations in line with future requirements. This development follows the company's recently secured contract for pilot and security boat operations at a major Indian port.

The new vessels are designed specifically for pilotage and maritime security operations. Each boat will measure 18 metres in length and deliver speeds exceeding 20 knots. These specifications are intended to enable rapid response and superior manoeuvrability in demanding port environments. The construction will utilize advanced Fibre Reinforced Plastic (FRP) composite materials, which offer an enhanced strength-to-weight ratio compared to conventional steel or aluminium alternatives.

Technical Specifications and Benefits

The use of FRP composite materials is expected to provide several operational advantages. The company anticipates lower maintenance requirements, improved fuel efficiency, and a longer operational lifespan for the new fleet. These factors contribute to the overall goal of fleet modernization and operational efficiency.

Strategic Expansion

Vedant K. Choudhury, CEO of Sadhav Shipping Limited, stated that the order marks an important milestone in the company's expansion into the port services segment. He emphasized that the deployment of modern, high-speed composite vessels would strengthen the company's ability to deliver advanced pilotage and security services. The CEO noted that the option for additional vessels allows the company to capitalize on new opportunities and strengthen its market position as demand evolves.

Sadhav Shipping Limited is an integrated maritime services company incorporated in 1996 and headquartered in Mumbai. Listed on NSE Emerge, the company provides offshore logistics, port services, oil spill response, and specialised marine solutions.