Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended 30.09.2026 (Q2 FY27)
Nature of Filing / Announcement: Regulatory filing under SEBI LODR Regulations 30 and 33
Date of Board Meeting / Approval: 04.11.2026 (Meeting time: 1515 hours to 1720 hours IST)
Audit Opinion: Unmodified conclusion (Clean)
Auditor's Comment: Auditors drew attention to notes regarding balance confirmations, tax asset reconciliation, and non-compliance with board composition requirements, but concluded these would not have material impact.
Key Financial Highlights [₹ in lakhs]
Standalone Results:
Revenue from Operations: Q2 FY27: ₹228,959 (Q2 FY26: ₹133,850; +71.1% YoY)
Total Income: Q2 FY27: ₹236,849 (Q2 FY26: ₹143,356; +65.2% YoY)
Net Profit: Q2 FY27: ₹64,604 (Q2 FY26: ₹17,589; +267.3% YoY)
EPS: Q2 FY27: ₹13.87 (Q2 FY26: ₹3.78)
Other Equity: ₹932,404 as of 30.09.2026 (31.03.2026: ₹802,348)
Cash and Cash Equivalents: ₹16,940 as of 30.09.2026 (31.03.2026: ₹11,164)
Debt: Total Borrowings: ₹235,626 as of 30.09.2026 (Non-current: ₹194,489; Current: ₹41,137)
Consolidated Results:
Revenue from Operations: Q2 FY27: ₹229,073 (Q2 FY26: ₹133,887; +71.1% YoY)
Total Income: Q2 FY27: ₹237,100 (Q2 FY26: ₹143,616; +65.1% YoY)
Net Profit: Q2 FY27: ₹57,776 (Q2 FY26: ₹18,916; +205.5% YoY)
EPS: Q2 FY27: ₹12.40 (Q2 FY26: ₹4.06)
Other Equity: ₹983,912 as of 30.09.2026 (31.03.2026: ₹863,049)
Cash and Cash Equivalents: ₹11,486 as of 30.09.2026 (31.03.2026: ₹17,326)
Segment-wise Performance [₹ in lakhs]:
Standalone Segment Revenue (Q2 FY27):
- Liner: ₹36,896
- Bulk Carrier: ₹27,235
- Tanker: ₹158,215 (Primary growth driver)
- Technical & Offshore: ₹7,775
- Unallocable: ₹6,728
Standalone Segment Profit before Tax and Interest (Q2 FY27):
- Liner: ₹12,447
- Bulk Carrier: (₹214) loss
- Tanker: ₹74,140 (Primary profit driver)
- Technical & Offshore: ₹2,053
- Unallocable: (₹18,087) loss
Corporate Actions:
Dividend: Declared interim dividend of ₹4.00 per equity share (40% on face value of ₹10)
Record Date: Monday, 16th November, 2026
Dividend Outgo: Approximately ₹186.32 crores
Other Significant Information:
Provisioning: Recognized provision of ₹24,019 lakhs (including interest receivable of ₹1,136 lakhs) [Non-Recurring] against loan extended to joint venture ILT-3 due to geopolitical developments impacting its operations.
Tax Assets: Outstanding receivables from ongoing income tax litigation; reconciliation with assessment orders in process, no material impact expected.
Performance Related Pay: Provision for PRP is made in the last quarter of the financial year as per past practice.
Previous Dividend: Final dividend of ₹1 per equity share was approved at the 76th AGM on 23.09.2026 and paid.
Trading Window: Closed from 01.10.2026 and extended until 48 hours after the record date for interim dividend (16.11.2026).
Entities in Consolidation:
Subsidiaries: Inland & Coastal Shipping Ltd. (ICSL), SCI Bharat IFSC Limited (SBIL)
Joint Ventures: India LNG Transport Co. No.1 Ltd. (ILT 1), India LNG Transport Co. No.2 Ltd. (ILT 2), India LNG Transport Co. No.3 Ltd. (ILT 3), India LNG Transport Co. No.4 Pvt. Ltd. (ILT 4)
Auditors:
Current Joint Statutory Auditors: Mukund M Chitale & Co. and S G C 0 & Co. LLP
Previous Auditors: PSD & Associates and D.R. Mohnot & Co.