Mumbai: Shares of Shipping Corporation of India Ltd (SCI) rose 2.5% to ₹207.45 in early trade on Tuesday after the state-run PSU reported a 21.5% year-on-year (YoY) increase in consolidated net profit for the first quarter of FY26. The company posted a net profit of ₹354.17 crore, up from ₹291.48 crore in the same quarter last year, driven by a decline in total expenses.
SCI is India’s largest shipping company and the only Indian player engaged in the transportation of liquefied natural gas (LNG).
Q1FY26 Financial Highlights:
- Net Profit: ₹354.17 crore (▲ 21.50% YoY)
- Revenue from Operations: ₹1,316.04 crore (▼ 13.09% YoY)
- Total Expenses: ₹1,107.22 crore (▼ 12.45% YoY)
While revenues declined, a sharp cut in expenses helped the company post a strong profit.
Segmental Performance:
- Segment Q1 FY26 Revenue (₹ crore) YoY Change
- Liner ₹200.87 ▼ 7.96%
- Bulk Carriers ₹132.64 ▼ 47.09%
- Tankers ₹913.28 ▼ 6.83%
- Technical & Offshore ₹72.33 ▼ 6.44%
The bulk carrier segment saw the steepest decline, nearly halving its revenue from the year-ago quarter.
Stock Performance:
- Opening Price (Today): ₹203.69
- Intraday High: ₹213.73 (BSE)
- Current Price: ₹207.45
- Market Capitalization: ₹9,660 crore
- 52-Week High: ₹288.75
- P/E Ratio: 11.45
- 6-Month Correction: ▼ 24.59%
Strategic Plan: 26 India-Built Ships for ₹19,820 Crore
In a major boost to domestic shipbuilding, SCI is reportedly working on a plan to acquire 26 Indian-made vessels worth ₹19,820 crore ($2.3 billion). The initiative aligns with the central government’s push to promote indigenous shipbuilding and reduce reliance on foreign-built vessels.
Outlook
Despite near-term revenue headwinds across all segments, SCI’s profitability improvement and capital investment plans could strengthen its position in the long run, especially in a geopolitical environment that increasingly values domestic capabilities.
About SCI
The Shipping Corporation of India Ltd, a Government of India enterprise under the Ministry of Ports, Shipping & Waterways, is the largest Indian shipping company, providing crucial marine transport services including bulk carriers, tankers, offshore services, and container shipping.
