Shreeji Shipping FY26 revenue rises 21.5% to ₹709 crore
Shreeji Shipping Global Limited reported a 6.07% rise in FY26 net profit to ₹152.70 crore, while revenue from operations increased 21.45% to ₹709.38 crore. EBITDA grew 26.81% to ₹243.03 crore, and the company secured tonnage tax approval effective FY26. The fleet expanded to 63 self-propelled barges, with plans for further additions in Q1–Q2 FY27.
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Shreeji Shipping Global Limited reported a 21.45% increase in revenue from operations to ₹709.38 crore for the financial year ended March 31, 2026, driven by fleet expansion and entry into coastal cargo movement. Net profit for the year rose 6.07% to ₹152.70 crore, while EBITDA grew 26.81% to ₹243.03 crore. The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. The statutory auditors, M/s. Sarda & Sarda, Chartered Accountants, issued an audit report with an unmodified opinion on the financial results.
For the quarter ended March 31, 2026, the company reported a net profit of ₹40.32 crore, a decrease from ₹49.23 crore in the same quarter of the previous year. Revenue from operations for the quarter was ₹188.07 crore, compared to ₹156.00 crore in the corresponding prior period. Total expenses for the quarter increased to ₹157.76 crore from ₹90.98 crore in the corresponding prior period.
Financial Performance
The company's earnings per share (EPS) for the financial year ended March 31, 2026, stood at ₹9.75 on a basic and diluted basis, compared to ₹10.01 in the previous year. The profit before tax for the year was ₹197.47 crore. Other equity increased significantly to ₹605.96 crore as of March 31, 2026, from ₹106.90 crore in the previous year. The following table summarises the key consolidated financial metrics for the year:
| Particulars | FY26 (₹ in crore) | FY25 (₹ in crore) |
|---|---|---|
| Revenue from Operations | 709.38 | 584.08 |
| Total Income | 739.11 | 586.84 |
| Total Expenses | 541.63 | 426.67 |
| Profit Before Tax | 197.47 | 160.18 |
| Net Profit for the Period | 152.70 | 143.96 |
| Earnings Per Share (Basic) | 9.75 | 10.01 |
Quarterly Performance
The Q4 results reflect a year-on-year decline in profitability despite revenue growth, as summarised below:
| Particulars | Q4 FY26 (₹ in crore) | Q4 FY25 (₹ in crore) |
|---|---|---|
| Revenue from Operations | 188.07 | 156.00 |
| Total Expenses | 157.76 | 90.98 |
| Net Profit | 40.32 | 49.23 |
Strategic Milestones
The company secured Income Tax Department approval under Chapter XII-G (Tonnage Tax Scheme) for eligible inland vessels, effective FY26. It commenced coastal cargo movement through its wholly owned subsidiary, Shreeji Global IFSC Pvt. Ltd., deploying MV SJ LILY under a time charter. The company also announced plans to commence floating crane lighterage operations at Syama Prasad Mukharjee Port Trust, Kolkata, expected to start in Q1 FY27.
Fleet Expansion
The company materially expanded its owned fleet to 63 self-propelled barges. The fleet expansion across other asset classes includes:
| Asset Class | FY25 Fleet | Current Fleet |
|---|---|---|
| Mini Bulk Carriers (MBCs) | 5 | 13 |
| Floating Cranes | 7 | 9 |
| Tugs | 8 | 11 |
| Coastal Vessel | - | 1 |
The order book includes 3 mini bulk carriers for delivery in Q1–Q2 FY27, of which 2 are all-weather vessels. This will double the all-weather MBC count to 4 within a 16-strong MBC fleet.
Material Disclosures
The company disclosed a contingent liability arising from a legal dispute regarding prospective vessel charter-cum-sale agreements. A potential counterparty has filed an admiralty suit before the Hon'ble Gujarat High Court claiming damages, with the original claim amounting to ₹118.21 crore and a revised claim of ₹628.93 crore. The company has furnished bank guarantees amounting to ₹47.16 crore for the release of vessels. No provision has been recognised based on legal advice and management assessment.
Historical Stock Returns for Shreeji Shipping Global
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.50% | -1.37% | +10.75% | +42.08% | +81.07% | +81.07% |
How will the significant rise in quarterly expenses impact margin sustainability as the company integrates its expanded fleet?
What is the projected revenue contribution from the new floating crane lighterage operations at Kolkata once they commence in Q1 FY27?
How will the Chapter XII-G Tonnage Tax Scheme approval specifically affect the company's effective tax rate and net profitability moving forward?
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