Shipping Corporation of India's Q1 FY 2025-26 Quarterly Results

Result Summary

• Shipping Corporation of India Ltd reported a 3.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 6.2%.
• Its expenses for the quarter were down by 13.9% QoQ and 12.5% YoY.
• The net profit increased 15.3% QoQ and increased 21.5% YoY.
• The earnings per share (EPS) of Shipping Corporation of India Ltd stood at 7.6 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Shipping Corporation of India Ltd (SCI) is a prominent player in the maritime industry, engaged primarily in the transportation of goods and passengers. Being a government-owned corporation, it operates in various segments including bulk carriers, tankers, and container vessels. The company plays a crucial role in the development of India's shipping industry. Its core services include offering shipping solutions for both domestic and international routes. SCI is known for its diversified fleet, which caters to the transportation of crude oil, petroleum products, gas, and dry cargo. However, specific recent developments or strategic shifts in the company's operations are not detailed in the available data.

Revenue

The total income of Shipping Corporation of India Ltd for Q1FY26 was ₹1462.39 crores, showing a decrease compared to both the preceding quarter (Q4FY25) and the same quarter in the previous fiscal year (Q1FY25). Specifically, the revenue decreased by 3.2% quarter-over-quarter (QoQ) from ₹1510.08 crores in Q4FY25, and by 6.2% year-over-year (YoY) from ₹1558.44 crores in Q1FY25. The decline in revenue over these periods is a notable trend in the company's financial data for the quarter.

Profitability

The profitability metrics for Shipping Corporation of India Ltd indicate a positive trajectory. The Profit Before Tax (PBT) in Q1FY26 was ₹355.17 crores. This represents a substantial QoQ increase of 58.9% from ₹223.54 crores in Q4FY25, and a YoY increase of 20.9% from ₹293.72 crores in Q1FY25. The Profit After Tax (PAT) for Q1FY26 was ₹354.17 crores, which also increased by 15.3% QoQ from ₹307.28 crores and by 21.5% YoY from ₹291.48 crores. Additionally, the Earnings Per Share (EPS) rose to ₹7.60, marking a 15.2% increase QoQ and a 20.6% increase YoY. These figures highlight a robust increase in profitability despite a decrease in total income.

Operating Metrics

The total expenses for Shipping Corporation of India Ltd in Q1FY26 were ₹1107.22 crores, which decreased significantly by 13.9% QoQ from ₹1286.54 crores in Q4FY25, and by 12.5% YoY from ₹1264.72 crores in Q1FY25. The tax expense for Q1FY26 was ₹12.10 crores, which reflects a substantial change from the preceding quarter where there was a tax credit of ₹68.23 crores. Year-over-year, the tax expense increased by 77.4% from ₹6.82 crores in Q1FY25. This shift in tax expenses is a notable element of the company’s financial operations for the quarter. The reduction in expenses coupled with the changes in tax liabilities has played a role in the company's improved profitability metrics.