The Shipping Corporation of India Ltd. has announced its financial performance for the quarter and year ended March 31, 2026. The Board of Directors has recommended a final dividend of Re. 1 per equity share, representing a 10% payout. The company reported robust annual standalone net profit of ₹1,32,625 lakhs, reflecting strong operational results despite geopolitical challenges in the Middle East.
Financial Highlights
For the financial year ended March 31, 2026, the company reported a standalone net profit of ₹1,32,625 lakhs, a significant increase from ₹81,410 lakhs in the previous fiscal year. Total revenue from operations for the year stood at ₹5,77,813 lakhs, compared to ₹5,59,233 lakhs in the prior year. For the final quarter (Q4), the standalone net profit reached ₹41,376 lakhs, up from ₹17,217 lakhs in the corresponding quarter of the previous year.
Dividend Recommendation
In addition to the financial performance, the Board of Directors has recommended a final dividend of Re. 1 per equity share of face value ₹10 each. This dividend payout, subject to approval by shareholders at the upcoming Annual General Meeting, accounts for a total cash outflow of approximately ₹46.58 crores. If approved, the dividend will be disbursed within 30 days of the meeting.
Operational Context and Strategic Updates
The company noted that certain vessels were impacted by geopolitical tensions in the Middle East, leading to restricted maritime movement through the Strait of Hormuz. Management stated that these disruptions do not have a material impact on the overall financial statements. Furthermore, the strategic disinvestment process initiated by the Government of India continues to progress, with the Virtual Data Room currently managed by the appointed Transaction Advisor for interested parties.
Consolidated Performance
On a consolidated basis, the group reported a net profit for the year ended March 31, 2026, of ₹1,35,292 lakhs, compared to ₹84,358 lakhs in the previous year. The consolidated revenue from operations for the year reached ₹5,77,979 lakhs, underscoring the sustained performance across the company’s various segments, including Liner, Bulk Carrier, Tanker, and Technical & Offshore services.
Source: BSE
