Shreeji Shipping Global Limited has announced a strategic expansion into Maharashtra's logistics market through a comprehensive port handling agreement with Karanja Terminal & Logistics Private Limited. The agreement, effective February 10, 2026, positions the company to capitalize on India's growing coastal cargo movements and import volumes.

Strategic Agreement Details

The Strategic Port Handling Agreement grants Shreeji Shipping Global exclusive rights to handle dry bulk and liquid cargo at a dedicated facility located at Karanja Creek, Raigad District, Maharashtra. The agreement encompasses several key operational parameters:

Geographic Expansion Strategy

This agreement represents a significant geographic diversification for Shreeji Shipping Global, expanding its operational footprint beyond its existing presence at Syama Prasad Mukharjee Port Trust, Kolkata. The Maharashtra expansion strategically positions the company across both eastern and western coasts of India, enhancing its ability to service large cargo corridors.

The company operates in the dry bulk and liquid cargo handling and coastal logistics segment, transporting commodities including:

• Coal
• Pet coke
• Sulphur
• Clinker
• Other industrial commodities

Revenue and Operational Impact

The Karanja terminal access is expected to deliver substantial operational and financial benefits. The company anticipates handling approximately 3 million metric tonnes of cargo annually at the facility through optimal deployment of its fleet and logistics resources without requiring significant capital expenditure.

Commercial Structure and Compliance

The commercial arrangement operates on a royalty model where payments are made to Karanja Terminal & Logistics Private Limited based on cargo volumes handled. The duration and specific commercial terms remain confidential. The agreement involves no related party transactions, with Karanja Terminal & Logistics Private Limited having no relationship with Shreeji Shipping Global's promoter or group companies.

The company has disclosed this agreement in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, emphasizing its commitment to transparent corporate governance and regulatory adherence.

Source:

Shreeji Shipping Global has delivered exceptional financial performance in Q3, with consolidated net profit registering significant growth compared to the corresponding period last year. The shipping company demonstrated robust operational efficiency while expanding its revenue base and substantially improving its EBITDA margins during the quarter.

Financial Performance Highlights

The company's Q3 results showcase impressive growth across key financial metrics:

Strong Profitability Growth

The consolidated net profit of ₹325 million represents a substantial 135% year-on-year increase from ₹138 million recorded in Q3 of the previous year. This significant improvement in bottom-line performance indicates enhanced operational efficiency and effective cost management strategies implemented by the company.

EBITDA Performance Surge

Shreeji Shipping Global's EBITDA performance was particularly impressive, reaching ₹564 million compared to ₹268 million in the corresponding quarter of the previous year, marking a robust 110% year-on-year growth. The EBITDA margin expanded significantly to 28.50% from 17.61% in the previous year, representing an improvement of 1089 basis points and demonstrating exceptional operational leverage.

Revenue Expansion

Revenue for the quarter reached ₹1.98 billion, marking a solid 32% growth compared to ₹1.5 billion in the corresponding quarter of the previous year. This revenue expansion demonstrates the company's ability to capture market opportunities and grow its business operations in the shipping sector.

Performance Analysis

The financial results reflect outstanding operational performance, with both profit and EBITDA growth significantly outpacing revenue growth. The substantial margin expansion indicates improved operational efficiency and cost optimization, suggesting that the company has been highly successful in scaling its business operations while maintaining strong cost discipline during the quarter.