Shipping Corporation of India delivered exceptional financial performance in Q3FY26, demonstrating the resilience and strength of India's premier shipping company. The company's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, during their meeting held on February 6, 2026.

Strong Financial Performance in Q3FY26

The company's standalone financial results showcase remarkable growth across key metrics. Net profit for Q3FY26 reached ₹39,337 lakhs, representing a substantial increase from ₹6,480 lakhs recorded in Q3FY25.

Nine-Month Performance Highlights

For the nine-month period ended December 31, 2025, the company maintained strong momentum with net profit of ₹91,249 lakhs compared to ₹64,194 lakhs in the corresponding period of the previous year.

Segment-wise Business Performance

The company's diversified shipping operations across multiple segments contributed to the strong performance. The Tanker segment emerged as the primary revenue driver, generating ₹1,09,691 lakhs in Q3FY26 compared to ₹81,705 lakhs in Q3FY25.

Quarterly Segment Revenue:

• Tanker: ₹1,09,691 lakhs (Q3FY26) vs ₹81,705 lakhs (Q3FY25)
• Bulk Carrier: ₹23,751 lakhs vs ₹14,686 lakhs
• Liner: ₹20,581 lakhs vs ₹28,107 lakhs
• Technical & Offshore: ₹7,936 lakhs vs ₹6,371 lakhs

Dividend Declaration and Corporate Actions

The Board declared a second interim dividend of ₹3.5 per equity share of face value ₹10 each, representing 35% per share for Financial Year 2025-26. The total dividend outgo is estimated at approximately ₹163.03 crores.

Consolidated Results and Strategic Outlook

On a consolidated basis, the company reported net profit of ₹40,497 lakhs for Q3FY26 against ₹7,552 lakhs in Q3FY25. The consolidated results include contributions from subsidiaries Inland and Coastal Shipping Ltd. and SCI Bharat IFSC Limited, along with joint ventures in LNG transportation.

The company continues to navigate the strategic disinvestment process being handled by the Department of Investment and Public Asset Management (DIPAM), with the Virtual Data Room remaining open for due diligence by qualified interested parties. Additionally, the demerger scheme approved by MCA has resulted in the transfer of 192 non-core assets to Shipping Corporation of India Land and Assets Limited, with 185 assets being leased back to the company.

The Shipping Corporation of India Limited has received a significant income tax refund of ₹199.76 crore following a favourable ruling from the Income Tax Appellate Tribunal (ITAT), Mumbai. The refund was received on February 3, 2026, and includes interest of approximately ₹85.75 crore.

ITAT Order Details

The favourable ITAT order was originally received by SCI on May 8, 2024, and pertained to financial year 2009-10. The tribunal ruled in favour of the company on various grounds that had been disputed by the Income Tax Department.

Key Dispute Grounds

The ITAT order covered several contentious issues that were resolved in favour of the shipping corporation:

• Additions made to sundry receipts
• Interest income forms part of core activity
• Excess provision written back
• Sundry creditors written back

Financial Impact

The refund represents a substantial financial benefit for the state-owned shipping company. The total amount of ₹199.76 crore comprises the principal refund along with accumulated interest over the years since the original assessment.

Regulatory Compliance

The Shipping Corporation of India Limited disclosed this development under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The disclosure was made on February 4, 2026, with the event occurrence noted as February 3, 2026, at 1758 hours. The company secretary and compliance officer, Smt. Swapnita Vikas Yadav, signed the disclosure document.

This favourable outcome demonstrates the company's successful defence of its tax positions and provides a positive financial impact through the substantial refund received.