Shipping Corporation of India (SCI) reported a strong financial performance for the quarter ended June 2026, with standalone net sales rising 40.2% year-on-year to ₹1,844.64 crore, compared with ₹1,315.68 crore in the corresponding quarter of 2025.
The state-owned shipping company also recorded a substantial improvement in profitability. Net profit increased 93.54% to ₹664.29 crore in June 2026, from ₹343.23 crore a year earlier. The sharp rise in profit outpaced revenue growth and reflected stronger operating performance during the quarter.
EBITDA rises 56.2%
SCI’s EBITDA climbed 56.2% year-on-year to ₹992.51 crore, compared with ₹635.41 crore in June 2025. The increase highlights stronger earnings from operations during the quarter.
Profit before tax stood at ₹673.20 crore, up from ₹355.31 crore a year earlier, while profit after tax reached ₹664.29 crore.
The company’s basic and diluted earnings per share increased to ₹14.26, compared with ₹7.37 in the same quarter last year.
Revenue gains across a strong quarter
SCI’s June-quarter revenue also increased from ₹1,512.73 crore recorded in the March 2026 quarter, indicating sequential improvement in operating income. Net profit rose from ₹413.76 crore in March to ₹664.29 crore in June.
The results come as India’s state-owned shipping sector continues to focus on fleet expansion and strengthening domestic maritime capacity. SCI operates across several segments, including tanker, bulk carrier, container, offshore and passenger services.
Stronger financial position supports expansion
The improved quarterly performance provides SCI with greater financial capacity as the company pursues plans to expand its fleet and strengthen India’s maritime transport capabilities.
The government has been encouraging Indian shipping companies to increase domestic tonnage and reduce dependence on foreign-flagged vessels for strategic cargo. SCI has previously outlined plans for significant fleet expansion covering tankers, gas carriers and other vessel types.
The June-quarter performance therefore provides a strong start to FY2026–27, with higher revenue, EBITDA and net profit pointing to improved operating momentum for the national shipping carrier.
