Shipping Corporation of India (SCI) has reported a significant decline in its financial performance for the second quarter of the fiscal year. The company's net profit fell by 39% to Rs 176 crore, compared to Rs 290 crore in the same quarter last year. This decline comes amid challenging market conditions and reduced operating revenue.

Key Financial Highlights

The company's operating revenue decreased by 8% to Rs 1,339 crore from Rs 1,451 crore in the corresponding quarter of the previous year. The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also saw a decline of 13% to Rs 504 crore.

Segment Performance

SCI's segment-wise performance for the quarter showed mixed results:

The tanker segment emerged as the strongest contributor to the company's revenue during this period.

Half-Yearly Performance

For the first half of the fiscal year, SCI reported:

• Revenue: Rs 2,654 crore (10.4% decrease year-on-year)
• Net Profit: Rs 519 crore (10% decrease year-on-year)

Dividend Announcement

Despite the challenging quarter, SCI has declared an interim dividend of Rs 3 per share. The record date for this dividend has been set as November 19.

Market Response

The market responded positively to the news, with SCI's shares gaining 2.1% to close at Rs 265.95. This performance contributes to a 57% return over the past six months, indicating investor confidence in the company's long-term prospects despite the current headwinds.

Outlook

While the quarterly results show a significant decline in profitability, SCI's ability to maintain a substantial revenue stream and declare a dividend suggests resilience in its operations. The company's diverse segment portfolio, particularly the strong performance of its tanker segment, may help in navigating the current market challenges.

Investors and industry observers will be keenly watching SCI's strategies to improve profitability and capitalize on potential market recoveries in the coming quarters.

Shipping Corporation of India (SCI), a prominent player in the maritime industry, has reported strong financial results for the second quarter of fiscal year 2025-26. The company's board has approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025.

Financial Highlights

Standalone Performance

• Profit after tax: Rs 17,008 lakhs for Q2 and Rs 25,157 lakhs for H1 of FY 2025-26
• Revenue from operations: Rs 74,548 lakhs for Q2

Dividend Announcement

• Interim dividend: Rs 3 per equity share (30% on face value of Rs 10 each) for FY 2025-26
• Record date: November 19, 2025

Operational Updates

Fleet Management

• Sold: Vessel Maharshi Parshuram
• Acquired: Two Very Large Gas Carrier (VLGC) vessels - Sahyadri and Shivalik

Business Segments

SCI operates across four main segments:

1. Liner
2. Bulk Carrier
3. Tanker
4. Technical & Offshore services

Strategic Disinvestment

The strategic disinvestment process by the Department of Investment and Public Asset Management (DIPAM) is ongoing. A Virtual Data Room is currently open for qualified interested parties.

Despite challenges in the global shipping industry, Shipping Corporation of India's strong Q2 results and strategic fleet management demonstrate the company's resilience and adaptability in the current market conditions.