New Delhi: Shipping Corporation of India Land and Assets Limited reported a standalone net loss of ₹84 lakh in the fourth quarter of FY26, compared to a much higher loss of ₹224.37 crore in the same quarter last year.
Total income for Q4 stood at ₹25.84 crore, slightly lower than ₹25.99 crore in Q4 FY25. Revenue from operations, however, rose 19% year-on-year to ₹5.81 crore, indicating improved operational activity.
Strong Turnaround in Full-Year FY26 Results
For the full financial year ended March 31, 2026, SCILAL posted a net profit of ₹28.82 crore, marking a sharp turnaround from a loss of ₹189.38 crore in FY25.
Key annual highlights include:
- Total income: ₹106.77 crore (up 3.3%)
- Revenue from operations: ₹23.30 crore (up 27%)
- Earnings per share: ₹0.62 vs negative ₹4.07 in FY25
The company’s recovery reflects improved income from its investment property and operational efficiency.
Read also: SCILAL Signs MoU with Synergy Marine Group to Boost Maritime Training and Research in India
Dividend Announced for FY26
The Board has recommended a dividend of ₹0.55 per equity share (5.5% on face value of ₹10), subject to shareholder approval at the upcoming AGM.
- Total dividend payout: ~₹25.62 crore
- Payment timeline: Within 30 days after AGM declaration
Segment-Wise Performance
- Maritime Training Institute (MTI): Reported a loss of ₹4.83 crore due to operational expenses
- Investment Property Segment: Earned ₹3.55 crore profit from rent, recoveries, and interest income
The investment property segment remains the primary revenue driver for the company.
Strong Balance Sheet Position
SCILAL reported a healthy financial position:
- Total assets: ₹3,550 crore
- Net worth: ₹3,005 crore
- Cash and bank balance: ₹1,137.45 crore
Governance Updates
The Board approved the appointment of M/s. Amit Ray & Co. as internal auditors for FY27 and FY28, with a possible one-year extension.
The statutory auditor M/s. A. T. Jain & Co. issued an unmodified (clean) audit opinion on the financial statements.
About SCILAL
Shipping Corporation of India Land and Assets Limited is a Government of India enterprise engaged in managing and monetizing land and non-core assets of the Shipping Corporation of India. The company focuses on asset optimization, investment income generation, and efficient utilization of maritime-related properties.
