The Ministry of Ports, Shipping and Waterways has approved the entrustment of the additional charge of Director (Technical and Offshore Services) at shipping corporation of india to Rear Admiral Jaswinder Singh. He currently holds the position of Director (Liner and Passenger Services) within the company. This appointment is effective from June 1, 2026, and will remain valid for a period of three months, concluding on August 31, 2026, or until a regular incumbent assumes the role, whichever is earlier.

Rear Admiral Jaswinder Singh brings extensive experience to the position, having previously served as the Director of Bulk and Tanker businesses at SCI for 10 months until May 4, 2026. His tenure with the organization includes roles on the boards of subsidiaries such as SCI Bharat IFSC Ltd until February 23, 2026, and subsequent directorships at Inland and Coastal Shipping Ltd and Sethusamudram Corporation Ltd.

Professional Background

With a distinguished career spanning over three and a half decades in the Indian Navy, Rear Admiral Jaswinder Singh has held several prestigious leadership roles. His previous appointments include Chief of Staff of the Southern Naval Command, Assistant Chief of Naval Staff (Foreign Cooperation), and Principal Director at Naval Headquarters in New Delhi. He has also commanded a Destroyer, a Corvette, and a Training Establishment.

Educational Qualifications and Awards

Rear Admiral Jaswinder Singh is a Post Graduate in Business Administration and an alumnus of the Naval Post Graduate School in California, USA, as well as the Defence Services Staff College in Wellington. In recognition of his distinguished service, he has been awarded the Nau Sena Medal. The company confirmed that he is not related to any other director and is not debarred from holding the office of director by any SEBI order or other authority.

Shipping Corporation of India Limited's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The results, audited by joint statutory auditors M/s. D.R. Mohnot & Co. and M/s. PSD & Associates, carry an unmodified audit opinion. The Board recommended a final dividend of Re. 1 per equity share of face value Rs. 10 each, representing 10% per share, subject to shareholder approval. If approved, the dividend outgo will be approximately Rs. 46.58 Crores. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has uploaded the transcript of its conference call held on May 11, 2026, to discuss these results, and it may be accessed at the company's website.

Standalone Financial Performance

The company delivered a significantly improved standalone performance for FY26. Total income rose to ₹6,21,836 lakhs from ₹5,78,537 lakhs in FY25. Net profit for the year nearly doubled to ₹1,32,625 lakhs from ₹81,410 lakhs in the prior year. Other income includes interest income on income tax refund of Rs. 8575 lakhs for Q4 FY26 and Rs. 16912 lakhs for the full year. Total comprehensive income for FY26 stood at ₹1,35,514 lakhs, compared to ₹80,354 lakhs in FY25.

Consolidated Financial Performance

On a consolidated basis, the company reported strong results. Consolidated net profit for FY26 was ₹1,35,292 lakhs, up from ₹84,358 lakhs in FY25. Total consolidated income for FY26 was ₹6,22,678 lakhs against ₹5,80,036 lakhs in FY25. Q4 consolidated net profit came in at 4B rupees versus 1.85B rupees in the same period last year. Q4 EBITDA expanded sharply to 6.1B rupees from 3.64B rupees year-on-year, with the EBITDA margin widening to 40.44% from 27.52%.

Segment-Wise Performance

The Tanker segment remained the dominant revenue contributor. For FY26, the Tanker segment reported standalone revenue of ₹3,94,223 lakhs compared to ₹3,60,960 lakhs in FY25, and segment profit before tax and interest of ₹1,18,954 lakhs against ₹68,014 lakhs in FY25. The Bulk Carrier segment reported standalone revenue of ₹78,887 lakhs in FY26 versus ₹71,129 lakhs in FY25. The Liner segment recorded standalone revenue of ₹78,427 lakhs in FY26, down from ₹1,03,623 lakhs in FY25. The Technical & Offshore segment contributed standalone revenue of ₹29,785 lakhs in FY26 compared to ₹27,619 lakhs in FY25.

Balance Sheet and Cash Flow Highlights

On a standalone basis, total assets as at March 31, 2026 stood at ₹12,70,722 lakhs, up from ₹11,13,169 lakhs as at March 31, 2025. Total equity increased to ₹8,48,928 lakhs from ₹7,74,387 lakhs. The standalone cash flow statement reflects net cash inflow from operating activities of ₹1,34,059 lakhs for FY26. Net cash outflow from investing activities was ₹85,690 lakhs, driven primarily by purchase of property, plant and equipment of ₹1,55,044 lakhs. Net cash outflow from financing activities stood at ₹51,770 lakhs, reflecting long-term loans taken of ₹77,600 lakhs and dividend paid of ₹60,879 lakhs.