Navratna stock jumps 14% after its PAT grows 400% YoY

SYNOPSIS: Shipping Corporation of India delivered a strong Q3 FY26, with sharp revenue and profit growth, tanker-led performance, robust bulk carrier momentum, and a higher interim dividend, boosting shareholder returns.

During Monday’s morning trading session, shares of a company involved in the business of transporting goods and passengers surged more than 14 percent on BSE, after reporting mixed Q3 FY26 results with a rise in net profit of 114 percent QoQ and 436 percent YoY.

With a market cap of Rs. 11,650 crores, shares of Shipping Corporation of India Limited were trading in the green at Rs. 250 on BSE, up by around 13 percent, compared to its previous closing price of Rs. 221.7. So far in 2026, the stock has delivered positive returns of nearly 9 percent, and has gained by over 23 percent in the last six months.

Financial Performance & Revenue Mix Q3 FY26

Shipping Corporation of India Limited announced the financial results for the third quarter of FY26 on Friday after market hours, as per the latest regulatory filings with the stock exchanges.

For Q3 FY26, the company posted a consolidated revenue from operations of Rs. 1,611.7 crores, reflecting a sequential growth of around 20 percent QoQ compared to Rs. 1,338.8 crores in Q2 FY26. Likewise, on a year-on-year basis, revenue increased by more than 22 percent from Rs. 1,315.6 crores recorded in Q3 FY25.

Net profit for the quarter stood at Rs. 405 crore, indicating an increase of around 114 percent QoQ from Rs. 189 crores in Q2 FY26, as well as an impressive rise on a year-on-year basis by over 436 percent from Rs. 75.5 crores reported in Q3 FY25.

Further, the Board of the company has announced a second Interim dividend of Rs. 3.5 per equity share of face value of Rs. 10 each, i.e. 35 percent per share, for the financial year 2025-26. The outgo on this account will be around Rs. 163.03 crore.

Revenue Mix & More

For the quarter ended December 2025, the Tanker segment was the largest contributor, generating Rs. 1,097 crore, which accounted for around 68 percent of total revenue, and marked a strong about 34 percent YoY increase from Rs. 817 crores in the same quarter last year.

The Bulk Carrier segment reported revenue of Rs. 237.5 crore, contributing ~14.7 percent, and recorded a sharp 62 percent YoY growth from Rs. 147 crore, making it the fastest-growing segment during the quarter.

The Liner segment delivered revenue of Rs. 205.8 crore, forming ~12.7 percent of total revenue, but declined by about 27 percent YoY from Rs. 281 crore, reflecting softer performance.

Meanwhile, Technical & Offshore services contributed Rs. 79.4 crore, or ~5 percent of revenue, and grew around 25 percent YoY from Rs. 63.7 crore in December 2024.

Overall, the revenue growth in December 2025 was primarily driven by the Tanker segment, supported by robust momentum in Bulk Carriers, which together more than offset the decline in the Liner business.

Shipping Corporation of India Limited was established in October 1961 by the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation. It is the largest Indian shipping company limited by shares, a Navratna PSU involved in the business of transporting goods, and owns & operates around one-third of the Indian tonnage.

The company’s owned fleet includes bulk carriers, crude oil tankers, product tankers, container vessels, LPG carrier and offshore supply vessels. In addition, SCI manages a large number of vessels on behalf of various government departments and other organisations.

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