State-run Shipping Corporation of India (SCI) reported a more than two-fold jump in consolidated net profit to ₹405 crore for the March quarter (Q4 FY26), driven by higher revenues and controlled expenses.
The company had posted a consolidated profit of ₹185 crore in the corresponding quarter of the previous fiscal.
SCI’s consolidated revenue from operations rose 14.2 per cent year-on-year to ₹1,513 crore during Q4 FY26, compared to ₹1,325 crore in the same quarter last year. Meanwhile, total expenses declined marginally by 0.5 per cent to ₹1,235.51 crore from ₹1,242.05 crore.
The tanker segment remained the biggest contributor to SCI’s earnings, with revenue increasing to ₹1,074 crore from ₹928 crore a year ago. Revenue from the bulk carrier segment more than doubled to ₹218 crore from ₹100 crore, while technical and offshore services revenue rose to ₹72 crore from ₹65 crore.
However, revenue from the liner segment declined to ₹165 crore in Q4 FY26, compared to ₹239 crore in the year-ago period.
For the full financial year ended March 31, 2026, SCI posted a consolidated profit of ₹843.58 crore, up 6 per cent from ₹795.53 crore in FY25. Annual revenue from operations increased 3.1 per cent to ₹5,779.79 crore from ₹5,605.83 crore, while total expenses fell 3 per cent to ₹4,831.56 crore.
SCI also highlighted operational disruptions caused by the ongoing West Asia conflict, stating that maritime movement through the Strait of Hormuz has been severely impacted due to heightened geopolitical tensions in the Middle East since February 2026.
As of March 31, four SCI vessels — Desh Garima, Desh Suraksha, Desh Vibhor and Desh Vaibhav — were stranded west of the Strait of Hormuz. The company said MT Desh Garima has since reached Mumbai, while the remaining vessels are awaiting transit clearance.
Despite the disruptions, SCI stated that it does not expect any material impact on its financial performance.
