Image Source: PSU Connect
Shipping Corporation of India Ltd (SCI) reported consolidated revenue of 16.12 billion rupees and net profit of 4.05 billion rupees for the December 2026 quarter. The board declared an interim dividend of 3.5 rupees per share, reflecting robust operational performance and investor-friendly measures.
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Shipping Corporation of India Ltd has announced its financial results for the third quarter of FY26, showcasing resilient growth across operations. The company’s performance highlights its ability to navigate global shipping challenges while rewarding shareholders with a healthy dividend.
Key Highlights
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Consolidated revenue from operations stood at 16.12 billion rupees, driven by steady cargo volumes and improved freight rates.
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Net profit for the December quarter reached 4.05 billion rupees, reflecting strong cost management and efficiency gains.
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The board approved an interim dividend of 3.5 rupees per share, underlining SCI’s commitment to shareholder returns.
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Profit before tax was reported at 4.27 billion rupees on a consolidated basis, indicating stable margins despite global volatility.
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Standalone revenue also matched consolidated figures at 16.11 billion rupees, with profit before tax at 4.15 billion rupees.
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The company emphasized continued focus on fleet modernization, operational efficiency, and expansion into new shipping routes to sustain long-term growth.
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SCI’s performance aligns with broader PSU momentum, where dividend declarations and margin improvements are driving investor confidence.
Sources: Reuters, InvestyWise
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