The Shipping Corporation of India (SCI) announced strong financial results for Q2 FY26. Net profit stood at ₹176 crores on a standalone basis and ₹189 crores consolidated. The board has declared an interim dividend of ₹3 per share. The company’s net worth reached ₹7963 crores. SCI’s fleet includes 58 owned and 40 managed vessels.
Financial Performance Highlights
SCI reports the following key financial metrics:
- Standalone Net Profit: ₹176 crores
- Consolidated Net Profit: ₹189 crores
- Interim Dividend: 30% (₹3 per share)
- Net Worth: ₹7963 crores as of September 30, 2025
- Cash Position: ₹1875 crores (including liquid MFs)
- Long Term Loan: ₹2526 crores as of September 30, 2025
- DSCR: 4.24
Fleet Details
SCI’s fleet comprises a total of 58 owned vessels with an average age of 15.50 years. The fleet breakdown is as follows:
- Liner vessels: 2
- Bulk Carriers: 15
- Tankers: 31
- Technical & Offshore: 10
The company also manages 40 vessels.
VLGC Additions
SCI expanded its fleet with the induction of two Very Large Gas Carriers (VLGCs), “Sahyadri” and “Shivalik”, enhancing its presence in energy transportation. The vessels will operate on the Persian Gulf to India trade route.
Q2 FY26 Standalone Performance
The standalone financial highlights for Q2 FY26 show significant Operating Revenue, EBITDA, and PAT. The operating revenue reached ₹1339 crores in Q2 FY26, while the PAT was ₹176 crores.
Segment Performance
A detailed breakdown of segment-wise operating revenue for Q2 FY26:
- Liner: ₹213 Crores
- Bulk: ₹201 Crores
- Tanker: ₹858 Crores
- T&OS: ₹74 Crores
Tanker Market Overview
The Tanker market experienced strong gains across all segments during the quarter. The VLCC market was particularly dynamic, with TCE also gaining higher for VLCC routes. Middle East Gulf Aframax market remained pretty steady through out the quarter.
Liner/Container Business Focus
SCI is strategically positioned to benefit from India’s economic growth by dominating the stable and expanding coastal sector and to maintain 100% service continuity by strategically rerouting the operations to ensure predictable delivery for the customers.
Source: BSE
