The Shipping Corporation of India Limited has officially announced its audited financial results for the quarter and the full financial year ended March 31, 2026.
Following a meeting of the Board of Directors held on May 8, 2026, the company reported a significant increase in its annual performance. For the full financial year 2025-26, the company achieved a standalone profit after tax of ₹1,326.25 crore, which represents a 62.91% increase compared to the ₹814.10 crore profit recorded in the previous financial year.
Shipping Corporation of India Dividend q4 2026
The Board has also recommended a final dividend of ₹1 per equity share of face value of ₹10 each, amounting to a 10% dividend payout, which is subject to shareholder approval at the upcoming Annual General Meeting.
Quarterly Performance and Sequential Growth
During the fourth quarter of the financial year, the company recorded a standalone profit after tax of ₹413.76 crore. When compared to the preceding quarter ended December 31, 2025, where the profit was ₹393.37 crore, this represents a quarter-on-quarter increase of ₹20.39 crore, or 5.18%.
The total income for the quarter stood at ₹1,657.30 crore, showing a slight decrease of ₹8.84 crore, or 0.53%, from the ₹1,666.14 crore reported in the third quarter.
Revenue from operations for the period was ₹1,512.73 crore, while other income saw a substantial rise to ₹144.57 crore from ₹54.92 crore in the previous quarter.
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Year-on-Year Comparisons and Annual Totals
On a year-on-year basis, the fourth-quarter profit of ₹413.76 crore shows a significant rise of 140.32% over the ₹172.17 crore profit reported in the same quarter of the previous year.
Total income for the quarter also grew by ₹257.82 crore, an 18.42% increase from the ₹1,399.48 crore earned in the quarter ended March 31, 2025.
For the entire financial year 2025-26, the total income reached ₹6,218.36 crore, marking a 7.48% growth over the ₹5,785.37 crore recorded in the 2024-25 fiscal year. The earnings per equity share for the full year improved to ₹28.47 from ₹17.48 in the prior year.
Segment Wise Revenue and Operations
The company operates through four primary segments: Liner, Bulk Carrier, Tanker, and Technical and Offshore. The Tanker segment remained the largest contributor to the revenue, generating ₹1,074.46 crore during the final quarter and ₹3,942.23 crore for the full year. The Bulk Carrier segment contributed ₹217.83 crore to the quarterly revenue, while the Liner and Technical and Offshore segments accounted for ₹164.67 crore and ₹72.37 crore, respectively.
In terms of segment results, the Tanker division reported a profit of ₹362.71 crore before tax and interest for the quarter, while the Bulk Carrier segment turned around from a loss in the previous quarter to a profit of ₹19.25 crore.
Consolidated Financial Overview
On a consolidated basis, which includes the performance of subsidiaries like Inland and Coastal Shipping Limited and SCI Bharat IFSC Limited, as well as joint ventures, the company reported an annual profit after tax of ₹1,422.81 crore for the fiscal year 2025-26. This is a substantial increase from the ₹843.58 crore reported in the previous year.
The consolidated total income for the year was ₹6,226.78 crore. For the quarter ended March 31, 2026, the consolidated profit after tax was ₹404.60 crore, compared to ₹185.14 crore in the corresponding quarter of the previous year.
Geopolitical and Administrative Updates
The company provided updates regarding maritime disruptions in the Middle East that occurred in February 2026.
Four vessels—Desh Garima, Desh Suraksha, Desh Vibhor, and Desh Vaibhav—faced restricted movement through the Strait of Hormuz due to heightened security risks. While one vessel, Desh Garima, reached Mumbai in April 2026, the others awaited clearance as of the reporting date. Management noted that freight revenue for these vessels has been recognized based on the percentage of voyage completion and stated that the disruption does not have a material impact on the financial statements.
Additionally, the company noted that the strategic disinvestment process initiated by the Government of India remains in progress.
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Company Background
The Shipping Corporation of India Limited is a Government of India Enterprise and a Navratna company. It operates in the shipping sector, providing a wide range of services including the transportation of goods and passengers. Established in 1950 and listed on the major Indian stock exchanges, the company manages a diverse fleet of tankers, bulk carriers, and container vessels. As a significant player in the Indian maritime industry, it maintains a large scale of operations both domestically and internationally, catering to various energy and trade requirements.
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