Shipping Corporation of India reported a sharp year-on-year improvement in its financial performance for the second quarter of FY27, with net profit more than tripling and revenue rising over 70%.
The growth was accompanied by an expansion in EBITDA margin, while the tanker segment remained the biggest contributor to the increase in segment revenue. The company’s board also declared an interim dividend for the financial year 2026-27.
Public sector undertaking’s net profit rose to ₹578 crore in Q2 FY27 from ₹189 crore in the corresponding quarter last year. Revenue increased 71.1% to ₹2,291 crore, compared with ₹1,338.8 crore in Q2 FY26.
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased to ₹903 crore from ₹406 crore a year ago. EBITDA margin expanded to 39.4% from 30.3% in the year-ago quarter.
Tanker segment leads growth
On a year-on-year basis, consolidated segment revenue increased to ₹2,371 crore in Q2 FY27, compared with ₹1,436.16 crore in Q2 FY26.
The tanker segment was the largest contributor to segment revenue growth, with revenue rising to ₹1,582.15 crore from ₹857.58 crore in the corresponding quarter last year.
The liner segment reported a sharp increase in revenue to ₹368.96 crore, while revenue from the bulk carrier segment rose to ₹272.35 crore. Technical and offshore revenue grew to ₹77.75 crore.
Meanwhile, unallocable revenue declined to ₹69.79 crore from ₹90.98 crore in Q2 FY26.
Board declares interim dividend
The board of directors declared an interim dividend of ₹4 per equity share of face value ₹10 each, equivalent to 40% per share, for the financial year 2026-27. Record date for the purpose of interim dividend is Nov 16, 2026.
Shipping Corporation of India shares closed 4.04% higher at ₹269.50 on November 4, gaining ₹10.47 during the session, ahead of earning announcement. Shares have gained 17.45% year to date, rising ₹40.04 to ₹269.50 as of November 4, 2026.
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