Shreeji Shipping Global Limited , a prominent player in the dry bulk cargo logistics sector, has announced robust financial results for the first half of fiscal year 2026 (H1 FY26), demonstrating significant growth and improved profitability.

Financial Highlights

The company reported impressive growth across key financial metrics:

*EBITDA excludes exceptional items **Net Profit before exceptional items and tax

Operational Performance

Shreeji Shipping's revenue from operations reached ₹323.39 crore in H1 FY26, marking a 17.26% increase from ₹275.80 crore in the corresponding period last year. This growth is particularly noteworthy considering that the first half of the financial year typically sees lower revenue due to monsoon-related restrictions at some ports.

The company's EBITDA (excluding exceptional items) saw a substantial rise of 34.14%, reaching ₹118.63 crore compared to ₹88.44 crore in H1 FY25. The EBITDA margin improved significantly to 36.68% from 32.06%, representing an increase of 461 basis points.

Net profit before exceptional items and tax grew by 29.64% to ₹97.35 crore, with the net profit margin improving to 30.10% from 27.23% in the previous year.

Strategic Developments

Shreeji Shipping has received a Letter of Intent to establish Floating Crane Facilities at Diamond Harbour under the Syama Prasad Mukharjee Port Trust Kolkata. This strategic addition is expected to enhance the company's port-led services and contribute to revenue starting from the current financial year.

The company's management noted that net profit for Q2 FY26 increased by 14.75% over Q1 FY26, driven by efficient cargo handling and a disciplined focus on cost optimization.

Management Commentary

Mr. Ashokkumar Haridas Lal, Chairman & Managing Director, commented on the H1 FY26 performance: "Our H1 FY26 results demonstrate the strength and adaptability of our integrated shipping and logistics business. Despite seasonal challenges, we achieved revenue growth, supported by our diverse service offerings, long-term contracts, and wide geographic presence."

He further added, "With a well-diversified fleet, strong customer relationships, and a robust pipeline of projects, we remain confident in sustaining growth, enhancing profitability, and delivering long-term value to our stakeholders."

Future Outlook

The company expects the remaining quarters of FY26 to continue performing strongly. The fresh capital raised from its recent IPO is set to support the expansion of Shreeji Shipping's service portfolio, potentially driving further growth.

Shreeji Shipping Global Limited operates a fleet of more than 80 vessels and over 370 earthmoving equipment, focusing on dry bulk cargo logistics at various ports and jetties in India and Sri Lanka. With its strong market position and strategic initiatives, the company appears well-positioned for continued growth in the shipping and logistics sector.

Note: The financial figures for H1 FY25 include an exceptional income of ₹31.78 crore, which affects the year-on-year comparison of total comprehensive income and EPS.

Shreeji Shipping Global Limited , a prominent player in the shipping and logistics sector, has released its financial results for the second quarter, revealing a mixed performance with revenue growth but a decline in profitability.

Financial Highlights

The company reported the following key financial metrics for Q2:

Revenue Growth and Profit Decline

Shreeji Shipping Global witnessed a notable increase in its revenue, which grew by 11.30% year-over-year to ₹1,621.88 crore. This growth indicates the company's ability to expand its operations and capture a larger market share in the competitive shipping and logistics industry.

However, despite the revenue growth, the company experienced a significant decline in its net profit. The Q2 net profit stood at ₹427.00 crore, down 23.89% compared to ₹561.00 crore in the same quarter of the previous year. This decrease in profitability may raise concerns among investors and analysts about the company's cost management and operational efficiency.

EBITDA Performance

On a positive note, Shreeji Shipping Global's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed improvement, rising to ₹531.00 crore from ₹489.00 crore in the corresponding quarter last year, marking an 8.59% increase. This growth in EBITDA suggests that the company's core operations are performing well, despite the challenges reflected in the net profit figures.

However, the EBITDA margin experienced a slight contraction, decreasing from 33.59% to 32.75%. This marginal decline in the EBITDA margin indicates that while the company is growing its revenue, it may be facing some pressure on its operational efficiency.

Market Position and Future Outlook

As of September 30, 2025, Shreeji Shipping Global reported total assets of ₹10,722.66 crore, with an equity base of ₹7,136.70 crore. The company's financial position appears robust, providing a solid foundation for future growth and expansion.

The company recently completed its Initial Public Offering (IPO) on August 26, 2025, raising ₹3,695.43 crore (net of IPO expenses). A significant portion of these funds, ₹2,511.79 crore, has been allocated for the acquisition of Dry Bulk Carriers in the Supramax category, indicating the company's strategic focus on expanding its fleet capacity.

Conclusion

While Shreeji Shipping Global's Q2 results present a mixed picture with strong revenue growth but declining profitability, the company's overall financial health appears stable. The management may need to focus on cost optimization and operational efficiency to improve profit margins in the coming quarters. Investors and market analysts will likely keep a close eye on how the company utilizes its IPO proceeds and manages its growth strategy in the competitive shipping and logistics sector.