SCI Posts Q4 FY26 Call Transcript; FY26 Net Profit Doubles
Shipping Corporation of India reported strong FY26 results with standalone net profit nearly doubling to ₹1,32,625 lakhs and consolidated net profit rising to ₹1,35,292 lakhs. The Tanker segment led revenue growth, while the Board recommended a final dividend of Re. 1 per share. The transcript of the Q4 FY26 conference call held on May 11, 2026, has been uploaded to the company's website pursuant to SEBI Regulation 30.
*this image is generated using AI for illustrative purposes only.
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.
| Metric: | Q4 FY26 (31.03.2026) | Q3 FY26 (31.12.2025) | Q4 FY25 (31.03.2025) | FY26 | FY25 |
|---|---|---|---|---|---|
| Revenue from Operations (₹ lakhs): | 1,51,273 | 1,61,122 | 1,32,466 | 5,77,813 | 5,59,233 |
| Other Income (₹ lakhs): | 14,457 | 5,492 | 7,482 | 44,023 | 19,304 |
| Total Income (₹ lakhs): | 1,65,730 | 1,66,614 | 1,39,948 | 6,21,836 | 5,78,537 |
| Total Expenses (₹ lakhs): | 1,23,239 | 1,25,117 | 1,24,097 | 4,82,247 | 4,96,292 |
| Profit Before Tax (₹ lakhs): | 42,491 | 41,497 | 15,851 | 1,39,589 | 82,245 |
| Net Profit (₹ lakhs): | 41,376 | 39,337 | 17,217 | 1,32,625 | 81,410 |
| Basic EPS (₹): | 8.88 | 8.45 | 3.70 | 28.47 | 17.48 |
| Diluted EPS (₹): | 8.88 | 8.45 | 3.70 | 28.47 | 17.48 |
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%.
| Metric: | Q4 FY26 (31.03.2026) | Q3 FY26 (31.12.2025) | Q4 FY25 (31.03.2025) | FY26 | FY25 |
|---|---|---|---|---|---|
| Revenue from Operations (₹ lakhs): | 1,51,321 | 1,61,167 | 1,32,519 | 5,77,979 | 5,60,583 |
| Total Income (₹ lakhs): | 1,65,975 | 1,66,845 | 1,40,055 | 6,22,678 | 5,80,036 |
| Total Expenses (₹ lakhs): | 1,23,551 | 1,25,328 | 1,24,205 | 4,83,156 | 4,97,920 |
| Profit Before Tax (₹ lakhs): | 41,559 | 42,693 | 17,134 | 1,42,281 | 85,179 |
| Net Profit (₹ lakhs): | 40,460 | 40,497 | 18,514 | 1,35,292 | 84,358 |
| Basic EPS (₹): | 8.69 | 8.69 | 3.97 | 29.05 | 18.11 |
| Diluted EPS (₹): | 8.69 | 8.69 | 3.97 | 29.05 | 18.11 |
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.
| Segment: | FY26 Revenue (₹ lakhs) | FY25 Revenue (₹ lakhs) | FY26 Profit/(Loss) Before Tax & Interest (₹ lakhs) | FY25 Profit/(Loss) Before Tax & Interest (₹ lakhs) |
|---|---|---|---|---|
| Liner: | 78,427 | 1,03,623 | 7,484 | 16,622 |
| Bulk Carrier: | 78,887 | 71,129 | (1,911) | (2,224) |
| Tanker: | 3,94,223 | 3,60,960 | 1,18,954 | 68,014 |
| Technical & Offshore: | 29,785 | 27,619 | 3,529 | 3,248 |
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.
| Balance Sheet Metric: | Standalone FY26 | Standalone FY25 | Consolidated FY26 | Consolidated FY25 |
|---|---|---|---|---|
| Total Assets (₹ lakhs): | 12,70,722 | 11,13,169 | 13,31,850 | 11,70,106 |
| Total Equity (₹ lakhs): | 8,48,928 | 7,74,387 | 9,09,629 | 8,31,175 |
| Total Liabilities (₹ lakhs): | 4,21,794 | 3,38,782 | 4,22,221 | 3,38,931 |
Historical Stock Returns for Shipping Corporation of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.67% | -10.65% | +0.66% | +27.45% | +43.89% | +151.55% |
How will SCI's aggressive capital expenditure of ₹1,55,044 lakhs in fleet expansion translate into revenue growth, and which segments are likely to benefit most from these new vessel additions?
Given the Liner segment's significant revenue decline from ₹1,03,623 lakhs to ₹78,427 lakhs in FY26, what strategic measures is SCI considering to reverse this trend amid intensifying competition from global container shipping lines?
With the Tanker segment contributing nearly 75% of standalone revenue and driving most of the profit growth, how exposed is SCI to a potential downturn in crude oil freight rates, and what diversification strategies are being planned?
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