Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results and Corporate Actions
Audit Opinion:
Clean Limited Review Report - No modifications or qualifications
Key Financial Highlights [Rs. in crores]:
Consolidated Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹1,824.42 (QoQ: ₹2,005.36 in Q1, YoY: ₹1,241.78 in Q2 FY26)
- Total Income: ₹2,233.65
- Profit before tax: ₹1,295.87
- Net Profit: ₹1,269.23
- EPS (Basic): ₹89.11
- EPS (Diluted): ₹88.93
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹3,829.78 (YoY: ₹2,443.25 in H1 FY26)
- Total Income: ₹4,519.86
- Profit before tax: ₹2,660.65
- Net Profit: ₹2,578.07
- EPS (Basic): ₹180.79
- EPS (Diluted): ₹180.42
Consolidated Balance Sheet (as of September 30, 2026):
- Paid-up equity share capital: ₹140.91 crores
- Other equity: ₹18,791.50 crores
- Cash and cash equivalents: ₹4,842.08 crores
- Total borrowings: ₹799.57 crores (Non-current: ₹449.83 crores, Current: ₹349.74 crores)
- Total assets: ₹21,170.75 crores
Standalone Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹1,336.41
- Total Income: ₹1,702.12
- Profit before tax: ₹1,041.72
- Net Profit: ₹1,026.52
- EPS (Basic): ₹72.07
- EPS (Diluted): ₹71.92
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹2,890.29
- Total Income: ₹3,521.43
- Profit before tax: ₹2,236.44
- Net Profit: ₹2,183.69
- EPS (Basic): ₹153.13
- EPS (Diluted): ₹152.82
Standalone Balance Sheet (as of September 30, 2026):
- Paid-up equity share capital: ₹140.91 crores
- Other equity: ₹15,341.33 crores
- Cash and cash equivalents: ₹4,019.77 crores
- Total borrowings: ₹799.57 crores (Non-current: ₹449.83 crores, Current: ₹349.74 crores)
- Total assets: ₹17,244.59 crores
Segment-wise Performance [Rs. in crores]:
Consolidated Segment Revenue (Q2 FY27):
- Shipping: ₹1,845.38
- Offshore: ₹398.16
- Total: ₹2,243.54 (after inter-segment elimination: ₹9.89)
Consolidated Segment Results (Q2 FY27):
- Shipping: ₹1,117.81
- Offshore: ₹151.42
- Total: ₹1,269.23
Consolidated Segment Assets (as of September 30, 2026):
- Shipping: ₹16,451.68 crores
- Offshore: ₹4,719.07 crores
- Total: ₹21,170.75 crores
Consolidated Segment Liabilities (as of September 30, 2026):
- Shipping: ₹1,800.86 crores
- Offshore: ₹437.48 crores
- Total: ₹2,238.34 crores
Corporate Actions:
Dividend:
- Declared second interim dividend for FY 2026-27 of ₹14.40 per equity share
- Record Date: November 13, 2026
- Payment Date: On or after December 1, 2026
- Total interim dividends for the year aggregate to ₹28.80 per share (including first interim of ₹14.40)
Share Buyback:
- Board approved buyback of up to ₹900 crores (excl. transaction costs) at price not exceeding ₹1,530 per share
- Bought back 1,858,941 equity shares during Q2 FY27 utilizing ₹262.72 crores
- Additional 2,418,253 shares bought back post-quarter utilizing ₹364.70 crores
- Total buyback: 4,277,194 shares utilizing ₹627.42 crores (excl. transaction costs)
- 3,848,494 shares extinguished, reducing paid-up capital to ₹138.92 crores
Fleet Changes:
Sales:
- Delivered 2009 built Long Range 2 Tanker Jag Lokesh (contracted for sale in earlier quarter)
Purchases:
- Took delivery of Long Range 2 Tanker built in 2015 (renamed Jag Laxman)
- Contracted to buy secondhand Kamsarmax Dry Bulk Carrier built in 2015 (renamed Jag Amit, delivered post-quarter)
- Contracted to buy secondhand Kamsarmax Dry Bulk Carrier built in 2019 (delivery in Q3 FY27)
- Contracted for acquisition of new building Suezmax Tanker (delivery in second half of FY 2028-29)
- Contracted to buy secondhand Very Large Gas Carrier built in 2015 (delivery in Q3 FY27)
Other Significant Information:
Cash Flow (Consolidated Half Year):
- Net cash from operating activities: ₹2,487.88 crores
- Net cash used in investing activities: ₹1,221.31 crores
- Net cash used in financing activities: ₹1,022.39 crores
- Net increase in cash and cash equivalents: ₹244.18 crores
Security Cover Certificate:
- Company complied with all financial covenants for Non-Convertible Debentures
- Exclusive security cover ratio: 3.89 times (market value basis)
- Market value of secured assets: ₹1,840.18 crores
- Outstanding secured debt: ₹473.16 crores