Shipping Corporation of India Q2 profit rises to ₹578 crore

Shipping Corporation of India Limited reported consolidated profit after tax of ₹577.76 crore in Q2 FY27, compared with ₹189 crore a year earlier, while its board approved a ₹4-per-share interim dividend for FY27. The September-quarter performance reflected stronger earnings across shipping operations, with tanker revenue providing the largest segment contribution.

What did SCI report for Q2 FY27?

SCI reported a more than threefold year-on-year increase in net profit for the quarter ended September 30, 2026. Profit after tax was reported at ₹578 crore, with the detailed earnings summary placing consolidated PAT at ₹577.76 crore, against ₹189 crore in Q2 FY26. Consolidated revenue from operations stood at ₹2,290.73 crore, compared with ₹1,338.80 crore in the corresponding quarter of the previous year.

Operating performance also improved during the period. Earnings before interest, tax, depreciation and amortisation, or EBITDA, rose to ₹903 crore from ₹406 crore a year earlier. EBITDA margin expanded to 39.4% from 30.3%, showing that operating earnings grew faster than revenue in the reported quarter.

The board considered and approved the unaudited standalone and consolidated financial statements for the quarter and half year ended September 30, 2026, at its November 4, 2026 meeting. The results were accompanied by an unmodified limited-review conclusion, according to the earnings summary.

Why did SCI's revenue increase in the September quarter?

SCI's reported segment revenue growth was led by its tanker business. Consolidated segment revenue rose to ₹2,371 crore in Q2 FY27 from ₹1,436.16 crore in Q2 FY26. The tanker segment generated ₹1,582.15 crore of revenue, compared with ₹857.58 crore in the year-earlier quarter.

Other operating segments also reported higher revenue. The liner segment recorded revenue of ₹368.96 crore, while the bulk carrier segment reported ₹272.35 crore. Technical and offshore revenue was ₹77.75 crore. These disclosures indicate that the improvement was spread across several shipping activities, although tanker operations remained the largest reported contributor to segment revenue growth.

The revenue from operations figure and segment revenue figure are presented separately in the company information. The company has reported both measures, and they should not be treated as directly interchangeable without the underlying financial-statement reconciliations.

What interim dividend has SCI declared for FY27?

SCI declared an interim dividend of ₹4 per equity share of face value ₹10 each for FY27. The payout equals 40% of the share's face value, and the estimated total dividend outgo is approximately ₹186.32 crore.

The board fixed Monday, November 16, 2026, as the record date for determining shareholder eligibility. Investors must hold SCI shares in their demat account by the applicable settlement deadline before the record date to be eligible, subject to exchange settlement rules. The company said the dividend payment will be completed within 30 days from the declaration date.

The latest declaration follows other dividends disclosed in the available corporate-action history. SCI had a ₹1-per-share dividend with a September 4, 2026 record date, a ₹3.50-per-share second interim dividend declared in February 2026, and a ₹3-per-share interim dividend with a November 19, 2025 record date.

How do SCI's results affect investors and shipping operations?

SCI's Q2 FY27 numbers provide investors with higher reported revenue, operating profit and profit after tax compared with Q2 FY26. The EBITDA-margin expansion to 39.4% from 30.3% is relevant because it captures the relationship between operating earnings and revenue during the quarter. The ₹4 interim dividend also creates a defined cash distribution for shareholders eligible on the November 16 record date.

The available information does not provide SCI's share-price movement following the results, so an immediate stock-market reaction cannot be quantified. It also does not disclose a forward earnings target, freight-rate outlook or segment-level profitability. Investors therefore have reported quarterly results and the dividend decision, but not a company-issued projection for subsequent quarters.

For industry operations, the segment data show tanker, liner, bulk carrier, technical and offshore activities all contributing revenue in the quarter. The tanker business was the largest disclosed segment by revenue, which makes its performance particularly relevant to SCI's reported growth profile. However, the company has not provided a segment-wise margin breakdown in the information available.

What is the recent financial background for SCI?

SCI has reported materially different quarterly earnings levels across recent periods. In Q2 FY25, the company reported consolidated net profit of ₹291.44 crore, compared with ₹65.73 crore in the corresponding earlier period, while total income was ₹1,491.23 crore. That historical disclosure shows that earnings had already improved before the latest Q2 FY27 result.

The September 2026 result was approved after the company informed exchanges on October 28, 2026 that its board would meet to consider the unaudited half-yearly results and a possible dividend. The November 4 outcome delivered both the results approval and the dividend decision. For shareholders, the next disclosed administrative milestone is the November 16 record date.

Conclusion

SCI's Q2 FY27 result combines revenue growth of 71.1%, consolidated PAT of ₹577.76 crore and EBITDA margin expansion to 39.4%. The tanker segment was the largest stated contributor to segment revenue growth, while the board's ₹4-per-share interim dividend adds a shareholder payout with an estimated outgo of ₹186.32 crore.

The immediate item to watch is the November 16, 2026 record date and completion of the dividend payment within 30 days of declaration. Subsequent filings will be relevant for further detail on shipping-segment performance, operating margins and the company's financial progress after the September quarter.