Shreeji Shipping Global Reports Strong FY26 Results Amid Fleet Expansion and Coastal Movement Entry

Shreeji Shipping Global Reports Strong FY26 Results Amid Fleet Expansion and Coastal Movement Entry

Shreeji Shipping Global Reports Strong FY26 Results Amid Fleet Expansion and Coastal Movement Entry​

Shreeji Shipping Global Limited, a key player in dry-bulk cargo shipping and logistics, announced its financial results for the financial year ended March 31, 2026 (FY26). The company reported robust financial growth, driven by revenue increasing by 21.45% to ₹709.38 crore and operating profit rising 23.28%.

Financial Highlights for FY26​

The company's financial performance demonstrated strong year-over-year growth across multiple key metrics.

According to the consolidated financials, revenue from operations reached ₹709.38 crore in FY26, up 21.45% from ₹584.08 crore in FY25. EBITDA (excluding exceptional items) rose 26.81% to ₹243.03 crore. Profit before exceptional items and tax increased 23.28% to ₹197.47 crore. The net profit after tax (PAT) stood at ₹152.70 crore. The company also declared an interim dividend of ₹1 per equity share during the year.

The following table provides a detailed comparison of the key financial metrics:

Particulars (₹ in Crore)FY26FY25YoY Change
Revenue from Operations709.38584.08+21.45%
EBITDA (excl. exceptional items)243.03191.64+26.81%
EBITDA Margin (excl. exceptional)34.26%32.81%+145 bps
Profit before exceptional items & tax197.47160.18+23.28%
Net Profit after tax (PAT)152.70143.96+6.07%
Total Comprehensive Income154.20145.36+6.08%

Strategic Operational Expansion​

Beyond financial metrics, Shreeji Shipping Global executed several significant strategic milestones during FY26, positioning itself as a comprehensive maritime logistics provider.

Infrastructure and Regulatory Gains​

The company secured Income Tax Department approval under Chapter XII -G (Tonnage Tax Scheme) for eligible inland vessels, a development expected to improve long-term tax efficiency, profitability, and cash flows. Furthermore, the company marked a strategic shift by commencing coastal cargo movement through its wholly owned subsidiary in IFSC, 'Shreeji Global IFSC Pvt. Ltd', utilizing the MV SJ LILY under a time charter.

Material Fleet Expansion​

The group significantly expanded its owned fleet, reinforcing its asset-backed model and capacity. The owned fleet scaled across its core asset classes following acquisitions during and after FY26.

The current fleet standing, across various asset classes, is detailed below:

Asset ClassFY25 FleetCurrent Fleet
Mini Bulk Carriers (MBCs)513
Floating Cranes79
Tugs811
Coastal Vessel-1

The company also added over 35 earthmoving and shore-handling units during FY26. Looking ahead, three mini bulk carriers are scheduled for delivery in Q1-Q2 FY27, two of which are all-weather vessels with round-the-year plying permission. This development is expected to double the Company's all-weather MBC count to four within its 16-strong MBC fleet, ensuring uninterrupted operations even during the monsoon season.

Future Growth Plans​

Shreeji Shipping Global is extending its geographical footprint and service lines. Floating crane lighterage operations at the Syama Prasad Mukharjee Port Trust, Kolkata, are anticipated to commence in Q1 FY27, marking an expansion into Eastern India.

Management noted that the strong, broad-based growth, reflected in revenue up over 21% to ₹709 crore and operating profit up 23%, highlights the strength and scalability of the integrated shipping and logistics platform. The company remains focused on delivering sustained, profitable growth through its expanding integrated operations.

SHREEJISPG Stock Price Movement​

Shreeji Shipping Global Limited shares slipped by 1.45% on Friday, settling at ₹462.7. The stock sold off on a volume of 1.39 million shares, closing well below its 52-week high of ₹482.9.
 

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