Shipping Corporation of India Reports Audited Financial Results and Recommends Dividend
The Shipping Corporation of India Limited (SCI), a Government of India Enterprise, announced the approval of its audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The Board of Directors reviewed the financial performance and recommended a dividend, subject to shareholder approval at the ensuing Annual General Meeting (AGM).The Board of Directors held its meeting on May 8, 2026, to consider and approve the audited financial reports. Following the review, the Board recommended a dividend of Re. 1 /- per equity share, corresponding to 10% of the face value of Rs. 10/- per share. This dividend is proposed to be paid within 30 days from the date of its approval at the AGM.
Financial Highlights
The audited financial statements for the quarter and year ended March 31, 2026, provide a detailed overview of the company's performance across its various segments.Consolidated Profitability (₹ in lakhs):
| Particulars | Quarter Ended 31.03.2026 (Audited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|
| Total Revenue (Line + Bulk Carrier + Tanker + T&OS) | 1,52,933 | 5,81,322 |
| Profit/(Loss) before Tax and Interest | 42,693 | 1,42,281 |
| Total Tax Expense | 1,099 | 6,989 |
| Profit before Extraordinary Items and Tax | 40,460 | 1,39,427 |
| Profit/(Loss) after Tax | 40,460 | 1,39,427 |
The company's total assets stood at 3,38,931 lakhs at the year end of March 31, 2026, compared to 2,94,824 lakhs at the previous year end.
Consolidated Balance Sheet Highlights (₹ in lakhs):
| Head | As at 31.03.2026 | As at 31.03.2025 |
|---|---|---|
| Total Assets | 4,05,985 | 4,22,221 |
| Total Liabilities | 3,38,931 | 3,38,931 |
| Equity Share Capital | 46,580 | 46,580 |
| Other Equity | 8,63,049 | 7,84,595 |
Operational and Strategic Updates
During the audit, the auditors noted several operational matters that require attention. The Company highlighted the ongoing strategic disinvestment process, noting that the selection for this process by the Government of India is currently underway.The financial reports also disclosed material geopolitical risks impacting maritime trade. Following geopolitical escalation in the Middle East during February 2026, maritime movement through the Strait of Hormuz was severely disrupted. As of March 31, 2026, four vessels—Desh Garima, Desh Suraksha, Desh Vibhor, and Desh Vaibhav—were reported as awaiting clearance for transit in the west of the Strait of Hormuz. However, the Company stated that the disruption does not have a material impact on the financial statements.
Management also confirmed that while the company routinely seeks balance confirmations for Trade Receivables, Trade Payables, and Deposits, and reconciliation of agent/vendor/customer balances is ongoing, management does not expect any material difference affecting the financial statements.
Full Financial Data Presentation
The detailed audited financial statements are presented below for reference.Standalone Statement of Audited Financial Results (₹ in lakhs)
| Particulars | Qtr Ended 31.03.2026 (Audited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|
| Total Expenses | 1,23,239 | 4,82,247 |
| Profit/(Loss) before tax | 42,491 | 1,39,589 |
| Total Tax Expense | 1,115 | 6,964 |
| Profit/(Loss) after tax | 41,376 | 1,32,525 |
Consolidated Statement of Audited Financial Results (₹ in lakhs)
| Particulars | Qtr Ended 31.03.2026 (Audited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|
| Total Expenses | 1,23,551 | 4,83,156 |
| Profit/(Loss) before tax | 42,693 | 1,42,281 |
| Total Tax Expense | 1,099 | 6,989 |
| Profit/(Loss) after tax | 40,460 | 1,39,427 |
The audited consolidated balance sheet for the quarter and year ended March 31, 2026, shows the following totals:
| Account | As at 31.03.2026 | As at 31.03.2025 |
|---|---|---|
| Total Assets | 4,05,985 lakhs | 4,22,221 lakhs |
| Total Liabilities | 3,38,931 lakhs | 3,38,931 lakhs |
Note: All financial figures are stated in lakhs, unless otherwise specified.
SCI Stock Price Movement
On Friday, shares of Shipping Corporation Of India Limited gained significant momentum, closing at ₹339.1, representing a 6.10% gain for the day. The stock notably hit its 52-week high, confirming strong buying interest as it traded on a robust volume of 33.41 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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