Shipping Corporation of India Land & Assets Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, with the Bombay Stock Exchange and the National Stock Exchange of India Limited. The disclosure covers environmental, social, and governance performance metrics for the Central Public Sector Enterprise.

Environmental Metrics

The company reported a total energy consumption of 5,019.16 GJ for FY26, comprising 1,271.34 GJ from renewable sources and 3,747.82 GJ from non-renewable sources. This represents a decrease in total energy consumed compared to 5,381.29 GJ in FY25. Energy intensity per rupee of turnover stood at 0.0000215415 GJ/₹, down from 0.000029406 GJ/₹ in the previous year.

Greenhouse gas emissions were recorded at 32.897 tCO₂e for Scope 1 and 739.15 tCO₂e for Scope 2. Total water withdrawal amounted to 71,614 kilolitres, entirely sourced from third parties. Waste generation totaled 218.0774 metric tonnes, including 193 metric tonnes of construction and demolition waste.

Governance and Operations

The entity operates through two primary business activities: real estate, contributing 24.10% of turnover, and education, contributing 75.90%. The company employs 14 non-permanent staff members, with no permanent employees or workers on its payroll. Day-to-day operations are managed by The Shipping Corporation of India Limited under a service level agreement.

SCILAL adopted SCI’s Anti-Corruption and Anti-Bribery Policy and Whistle Blower Policy during the reporting period. No material fines, penalties, or regulatory actions were reported against the company, its directors, or key managerial personnel. The board approved revisions to leasing arrangements for commercial premises effective April 1, 2026, aimed at optimizing asset utilization.

Shipping Corporation of India Land and Assets Limited ( sci land & assets ) reported a standalone net profit of ₹14.02 crore for the quarter ended June 30, 2026, marking a 2.2% year-on-year decline from ₹14.34 crore in Q1FY26. The Mumbai-based government enterprise saw its profit before tax contract by 5.8% to ₹18.22 crore, despite a robust 37.7% surge in revenue from operations to ₹7.86 crore. This divergence highlights the company’s continued reliance on non-operating income streams, which accounted for the majority of total earnings, while operational efficiency faced pressure from rising costs.

The Board of Directors approved the unaudited standalone financial results on August 4, 2026, in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors A. T. Jain & Co., who issued an unmodified report. The Comptroller & Audit General of India (C&AG) had previously issued a "NIL" comment on the financials for the year ended March 31, 2026, during its supplementary audit.

Financial Performance Overview

Total income for the quarter rose 3.7% year-on-year to ₹27.81 crore from ₹26.81 crore in Q1FY26. This growth was primarily supported by other income, which stood at ₹19.95 crore, down slightly from ₹21.10 crore in the prior year. Meanwhile, revenue from operations increased significantly to ₹7.86 crore from ₹5.71 crore, indicating improved activity in core business segments. However, total expenses climbed 28.6% to ₹9.59 crore from ₹7.46 crore, eroding the bottom line.

Expenses increased due to a sharp rise in depreciation and amortization to ₹6.5 lakh from ₹2.0 lakh, and higher cost of services rendered at ₹5.61 crore compared to ₹4.95 crore. Other expenses also rose to ₹3.33 crore from ₹2.31 crore. Tax expense for the quarter was ₹4.20 crore, lower than the ₹5.01 crore recorded in Q1FY26.

Segment-wise Analysis

The company operates through two main segments: MTI (Maritime Training Institute) and Others (primarily investment properties). The MTI segment reported a pre-tax loss of ₹3.76 crore, an improvement from the ₹4.83 crore loss in Q1FY26. In contrast, the Others segment delivered strong profitability, contributing ₹21.98 crore to pre-tax profits, up from ₹19.33 crore in the previous year.

Segment assets stood at ₹3,568.41 crore, with MTI holding ₹2,439.09 crore and Others holding ₹1,129.32 crore. Total segment liabilities were ₹549.69 crore.

What the Numbers Show

A key observation from the results is the structural dependency on non-operating income. While revenue from operations grew nearly 38%, net profit declined slightly because the surge in operational income was offset by rising costs and a dip in other income. The investment property portfolio remains the primary profit driver, generating over 75% of total pre-tax profits. Investors should monitor whether the MTI segment can achieve breakeven status in future quarters to reduce this dependency.