Shipping Corporation of India reports strong Q2 FY26 with fleet expansion

The Shipping Corporation of India (SCI) reported a standalone net profit of Rs. 176 crores and a consolidated net profit of Rs. 189 crores for Q2 FY26. The company declared an interim dividend of 30%, equating to Rs. 3 per share. As of September 30, 2025, SCI's net worth stood at Rs. 7963 crores, with a robust cash position (including liquid MFs) of Rs. 1875 crores, while long-term loans were Rs. 2526 crores. The company's DSCR was 4.24.

SCI has also enhanced its fleet, notably inducting two Very Large Gas Carriers (VLGCs), "Sahyadri" and "Shivalik," strengthening its presence in energy transportation. The company's total owned fleet now comprises 58 vessels with an average age of 15.50 years, and it manages 40 vessels for other entities.

The company's Q2 FY26 operating revenue reached Rs. 1339 crores, with an EBITDA of Rs. 504 crores and a PAT of Rs. 176 crores. The tanker market saw strong gains, particularly in the VLCC segment, with the TD3C index crossing 100 during mid-September 2025. The dry bulk carrier market also improved, with freight indices rising by nearly 25%.