Chowgule Steamships Limited has announced its unaudited standalone financial results for Q3FY26, demonstrating resilient profitability despite operational revenue challenges. The shipping company's Board of Directors approved the quarterly results at their meeting held on February 11, 2026, at The Oberoi, Nariman Point, Mumbai.

Q3FY26 Financial Performance

The company delivered mixed results for the quarter ended December 31, 2025, with profit growth offsetting revenue decline:

While revenue from operations declined by 18.6% year-on-year, the company's other income surged 33.0% to ₹98.78 lakhs, helping maintain overall income growth. Net profit increased substantially by 28.1% to ₹29.02 lakhs, demonstrating effective cost management.

Nine-Month Performance Analysis

The nine-month period ending December 31, 2025, presented a different picture with overall performance declining compared to the previous year:

The nine-month results showed revenue from operations declining 15.9% to ₹239.84 lakhs, while net profit fell significantly by 32.1% to ₹72.56 lakhs.

Expense Management and Operational Efficiency

The company's expense structure for Q3FY26 revealed focused cost control measures:

• Employee Benefits Expense: ₹22.06 lakhs (vs ₹20.97 lakhs in Q3FY25)
• Finance Costs: ₹1.91 lakhs (significantly down from ₹9.96 lakhs)
• Depreciation & Amortisation: ₹10.92 lakhs (vs ₹9.16 lakhs)
• Other Expenses: ₹108.47 lakhs (vs ₹101.31 lakhs)

Total expenses increased to ₹143.36 lakhs from ₹141.40 lakhs, representing a modest 1.4% rise despite inflationary pressures.

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The company operates exclusively in the shipping segment and maintains its registered office in Vasco Da Gama, South Goa. The results have been prepared in accordance with Indian Accounting Standard 34 and comply with SEBI Listing Regulations.

Chowgule Steamships continues to navigate the challenging shipping industry environment while maintaining profitability in the short term, though the nine-month performance indicates ongoing operational headwinds that require strategic attention.

Chowgule Steamships Limited has announced a substantial acquisition of shares by its promoter, Ashok Vishwasrao Chowgule, in compliance with SEBI regulations. The transaction involved the acquisition of equity shares through an off-market gift, demonstrating continued promoter confidence in the company.

Share Acquisition Details

The promoter acquired 1,14,210 equity shares of Chowgule Steamships Limited through an off-market gift transaction completed on December 11, 2025. This acquisition represents 0.315% of the company's total share capital.

Shareholding Changes

The acquisition resulted in a significant increase in the promoter's shareholding position. Prior to this transaction, Ashok Vishwasrao Chowgule held 3,18,436 shares, representing 0.88% of the company's total share capital.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company initially submitted the disclosure in letter format on December 15, 2025, and subsequently resubmitted it on January 13, 2025, in the prescribed format to ensure full compliance with SEBI guidelines.

The promoter confirmed that no shares were encumbered, and no voting rights were acquired through instruments other than equity shares. The company's equity shares are listed on BSE Limited, and the total voting capital remained unchanged at ₹36,30,84,250 following the transaction.

Corporate Structure Impact

This acquisition strengthens the promoter's stake in the company while maintaining transparency through proper regulatory disclosures. The transaction was completed without any encumbrances, liens, or non-disposal undertakings, indicating a clean transfer of ownership through the gift mechanism.