During the quarter, the company’s net profit slid 39% to Rs 176 crore, sharply lower from Rs 290 crore reported in the second quarter of the previous financial year. Its revenue from operations or operating revenue, also witnessed a decline of about 8% YoY to Rs 1,339 crore. Its revenue from operations in the corresponding quarter last year came in at Rs 1,451 crore, Shipping Corporations’ investor presentation showed.
Its EBITDA or earnings before interest, tax, depreciation and amortisation stood at Rs 504 crore, lower by 13% from Rs 574 it posted in the corresponding quarter of the previous financial year.
For the first half, Shipping Corporation’s revenue at Rs 2,654 crore, down 10.4% from Rs 2,965 crore it posted in the first two quarters of the previous financial year. Its net profit also slipped 10% to Rs 519 crore, down from Rs 577 crore in the first half of the financial year 2025.
Shipping Corporation of India (SCI) on Friday declared a dividend of Rs 3 per share for FY26 and has fixed November 19 as the record date. The interim dividend will be paid within 30 days from the date of its declaration.
During Q2FY26, the company reported mixed performance across its business segments. The Liner segment posted revenue of Rs 213 crore, up from Rs 201 crore in Q1FY26 but lower than Rs 298 crore in Q2FY25. The Bulk Carrier segment recorded a healthy sequential growth, with revenue rising to Rs 201 crore from Rs 133 crore in the previous quarter, though slightly below Rs 214 crore in the same period last year.The Tanker segment generated Rs 858 crore in revenue, marginally down from Rs 913 crore in Q1FY26 and Rs 885 crore in Q2FY25. Meanwhile, the Technical & Offshore segment maintained steady growth, reporting Rs 74 crore in revenue compared to Rs 72 crore in Q1FY26 and Rs 70 crore in Q2FY25.Also read: ‘Lenskart wasn’t built to chase valuations, but…’: Peyush Bansal pens an emotional note ahead of listing
Shares of SCI today ended in the green, gaining 2.1% to close at Rs 265.95 on the NSE. The PSU stock has been in top form for the past six months delivering returns of Rs 57% versus over 4% and 3% returns by Nifty and the BSE Sensex, respectively.
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