Shipping Corporation of India FY26 dividend, Q3 profit jump

What investors are tracking

Shipping Corporation of India (SCI) has stayed in focus due to a mix of dividend announcements, sharp quarter-on-quarter profit swings reported across periods, and updated market metrics such as P/E and dividend yield. The latest snippets include a strong Q3FY26 profit print and a second interim dividend decision, alongside older quarterly and annual numbers that show profits can normalise quickly as freight markets change. There is also a separate set of results quoted for “Shipping Corporation of India Land And Assets”, which carries a very different scale of operations and should not be conflated with SCI’s shipping business.

Q3FY26: profit surge and second interim dividend

SCI’s standalone net profit for Q3FY26 was reported at ₹393.37 crore (₹39,337 lakh), up from ₹64.80 crore (₹6,480 lakh) in Q3FY25, a year-on-year rise of 507% as cited in the supplied text. Revenue from operations for the quarter was reported at ₹1,611.22 crore (₹1,61,122 lakh). On a consolidated basis, net profit for Q3FY26 was quoted at ₹404.97 crore (₹40,497 lakh) versus ₹75.52 crore (₹7,552 lakh) in Q3FY25.

Alongside the Q3 numbers, the Board meeting dated 06.02.2026 is stated to have approved unaudited results for the quarter and nine months ended 31.12.2025 and declared a second interim dividend of ₹3.50 per share (face value ₹10). The total dividend outgo for this ₹3.50 per share interim dividend is estimated at about ₹163.03 crore, with a record date of February 17, 2026 and payment within 30 days from declaration.

Interim dividends in FY26: ₹3 and ₹3.5 per share

The text also cites an interim dividend of ₹3 per share for FY2025-26, declared at a Board meeting held on 07.11.2025. Separately, a media-style excerpt repeats that SCI announced a ₹3 per share interim dividend for FY26 and fixed November 19 as the record date.

Putting the excerpts together, FY26 saw at least two interim dividend decisions referenced: ₹3 per share and ₹3.50 per share. A user-posted comment additionally claims a final dividend of ₹1 per share and total FY26 dividend of ₹7.25 per share (including two interim dividends), but it also notes “no future commentary in press release”. This claim is not corroborated by a linked filing in the provided text, so it is best treated as an unverified social post.

FY25: record ₹6.59 final dividend and AGM timeline

SCI’s highest-ever dividend for FY2025 is cited at ₹6.59 per share (65.90% of face value ₹10), subject to shareholder approval. The Board recommended the final dividend at its meeting on 16.05.2025. The record date mentioned is September 5, 2025, and the AGM date cited is September 19, 2025. The dividend, if approved, would be paid within 30 days from approval.

The same excerpt notes SCI’s dividend history for earlier years: ₹0.50 in 2024 and ₹0.44 in 2023. Separately, it states the company has a dividend distribution policy hosted on its website.

March 2025 quarter and FY25 full-year financials (consolidated)

For the quarter ended March 2025, SCI’s consolidated net profit was reported at ₹185.14 crore, down 39.75% year-on-year from ₹307.28 crore. Sales declined 6.18% year-on-year to ₹1,325.19 crore from ₹1,412.54 crore.

For the full year ended March 2025, consolidated net profit was reported at ₹843.58 crore, up 24.24% from ₹678.97 crore in the prior year. Full-year sales were ₹5,605.83 crore, up 11.08% from ₹5,046.53 crore.

Income tax refund cited for February 2026

Another data point referenced is an income tax refund received by SCI of ₹199.76 crore on February 3, 2026, following a favourable ITAT order dated May 8, 2024. The refund is stated to include interest of about ₹85.75 crore and relates to disputes from FY2009-10.

“SCI Land And Assets” results: a separate, smaller set of numbers

The supplied text includes results attributed to “Shipping Corporation of India Land And Assets”, described as a realty company. These numbers are on a much smaller base and also show a different profit pattern.

For Q4FY26, revenue from operations is quoted at ₹5.81 crore (₹581 lakh), compared with ₹5.65 crore (₹565 lakh) in Q3FY26 and ₹4.88 crore (₹488 lakh) in Q4FY25. For FY26, revenue is stated at ₹23.30 crore (₹2,330 lakh), up from ₹18.30 crore (₹1,830 lakh) in FY25. Q4FY26 total income is quoted at ₹25.84 crore (₹2,584 lakh), while Q4FY26 net loss is stated at ₹0.84 crore (₹84 lakh). A dividend recommendation of ₹0.55 per share for FY26 is also mentioned for this entity, with total outgo of about ₹25.62 crore.

Key market metrics and risk flags cited

The text also lists snapshot metrics for Shipping Corporation of India: market cap ₹10,234 crore, current price ₹220, 52-week high/low ₹280/₹143, stock P/E 9.03, book value ₹183, dividend yield 3.00%, ROCE 9.81%, ROE 10.5%, and face value ₹10. It adds that the stock is trading at 1.20 times book value.

On risks, it flags contingent liabilities of ₹4,305 crore, a low dividend payout of 14.1% of profits over the last three years, and working capital days increasing from -1.99 days to 77.4 days (as stated in the excerpt).

Key numbers at a glance

Why these updates matter

For income-focused investors, the key development is SCI’s interim dividend cadence in FY26, especially the ₹3.50 per share interim dividend with a stated record date of February 17, 2026. For earnings-focused investors, the Q3FY26 profit jump stands out, but the older March 2025 quarter numbers also highlight how quickly profitability can cool when operating conditions soften.

The additional references to contingent liabilities (₹4,305 crore) and working capital days rising to 77.4 days matter because they can affect cash flows and balance-sheet flexibility, even when reported profits are strong. Finally, the inclusion of “Shipping Corporation of India Land And Assets” in the same stream of updates underlines the need to verify the exact entity before comparing revenues, margins, or dividend payouts.

Conclusion

The supplied updates show SCI combining a large Q3FY26 profit print with interim dividends in FY26, while older filings point to quarter-to-quarter volatility in earnings and revenues. Near-term attention is likely to remain on dividend record dates and subsequent financial disclosures, including any formal FY26 final dividend communication if and when published.