Mumbai: The Shipping Corporation of India Limited (SCI), India’s premier shipping company, reported a remarkable financial performance for the third quarter (Q3) of FY2026, ending December 31, 2025. Net profit surged 140% year-on-year to ₹426.93 crore, driven largely by the tanker segment, which contributed 94% of the profits. The company also announced a second interim dividend of ₹3.5 per share, with February 17, 2026, as the record date.
Q3 FY2026 Financial Highlights
SCI recorded strong revenue and profitability during Q3 FY2026:
- Net Profit: ₹426.93 crore, up 140% YoY from ₹178.23 crore in Q3 FY2025
- Profit Before Tax (PBT): ₹426.93 crore, a 110% increase YoY
- Revenue from Operations: ₹1,611.67 crore
- Earnings Per Share (EPS): ₹8.69 (basic & diluted)
For the nine-month period ended December 31, 2025, SCI posted a net profit of ₹1,007.21 crore, reflecting a 48% YoY growth, while revenue totaled ₹4,266.58 crore.
Interim Dividend Declaration
The Board of Directors approved a second interim dividend of ₹3.5 per equity share, representing 35% of the face value of ₹10 per share. The total payout will amount to ₹163.03 crore. Shareholders eligible for the dividend must be recorded by February 17, 2026, and payment will be made within 30 days from the declaration date.
Segment-wise Performance Analysis
SCI’s tanker segment emerged as the key profit driver:
- Tanker Segment: ₹1,096.91 crore revenue; ₹402.03 crore PBT (94% of total profit)
- Liner Segment: ₹237.51 crore revenue; ₹4.65 crore PBT
- Bulk Carrier: ₹79.36 crore revenue; ₹7.54 crore PBT
- Technical & Offshore: ₹205.89 crore revenue; ₹28.58 crore PBT
The strong tanker performance underlines SCI’s dominance in liquid cargo transport and global shipping services.
Operational and Cost Highlights
- Cost of Services: ₹728.80 crore (45% of revenue)
- Employee Benefits: ₹154.15 crore
- Finance Costs: ₹48.39 crore
- Depreciation: ₹271.36 crore
- Other Expenses: ₹50.58 crore
The company reported a PBT margin of 26.5%, demonstrating improved cost control and operational efficiency across segments.
Strategic Disinvestment Update
The Government of India continues its strategic disinvestment of SCI, managed by the Department of Investment and Public Asset Management (DIPAM). The Virtual Data Room remains open for due diligence by qualified interested parties. Non-core assets were demerged into SCI Land and Assets Limited (SCILAL) and leased back to SCI as short-term leases.
Subsidiaries and Joint Ventures
SCI’s joint ventures in LNG transportation contributed ₹11.76 crore in Q3 FY2026, supporting the company’s diversified revenue streams. Other subsidiaries, including Inland and Coastal Shipping Ltd. and SCI Bharat IFSC Limited, had minimal impact on consolidated results.
Market Outlook
SCI remains well-positioned in the shipping industry due to:
- Diverse fleet covering tanker, bulk carrier, liner, and offshore segments
- Strong government backing as a Navratna CPSE
- Growth potential in LNG transportation through joint ventures
- Stable balance sheet with a total asset base of ₹12,863.22 crore and manageable liabilities of ₹4,059.85 crore
The company’s robust operational performance, combined with ongoing disinvestment progress, positions SCI to maintain market leadership and explore strategic growth opportunities.
About Shipping Corporation of India Limited
SCI is India’s leading shipping company, operating one of the largest fleets in the country. It provides comprehensive shipping services, including liner, bulk carrier, tanker, and offshore operations, with a strong presence in both domestic and international markets. The company plays a vital role in India’s maritime trade and logistics sector.
