Board Meeting Details

The Board of Directors meeting was held on August 6, 2026. It commenced at 1430 hours IST and concluded at 1800 hours IST. The meeting approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.

Standalone Financial Results (₹ in lakhs)

Income Statement:

  • Revenue from operations: ₹1,84,464 (Q1 FY27) vs ₹1,31,568 (Q1 FY26)
  • Other Income: ₹10,784 (Q1 FY27) vs ₹14,457 (Q1 FY26)
  • Total Income: ₹1,95,248 (Q1 FY27) vs ₹1,46,136 (Q1 FY26)
  • Total Expenses: ₹1,27,928 (Q1 FY27) vs ₹1,10,605 (Q1 FY26)
  • Cost of services rendered: ₹76,914
  • Employee benefits expense: ₹14,439
  • Finance costs: ₹3,738
  • Depreciation and amortisation: ₹28,193
  • Other expenses: ₹4,644
  • Profit before tax: ₹67,320 (Q1 FY27) vs ₹35,531 (Q1 FY26)
  • Total tax expense: ₹1,115
  • Profit for the period: ₹66,429 (Q1 FY27) vs ₹34,323 (Q1 FY26)
  • Other Comprehensive Income: ₹(211)
  • Total Comprehensive Income: ₹66,218

Earnings Per Share (₹):

  • Basic EPS: ₹14.26 (Q1 FY27) vs ₹7.37 (Q1 FY26)
  • Diluted EPS: ₹14.26 (Q1 FY27) vs ₹7.37 (Q1 FY26)

Capital Structure:

  • Paid-up Equity Share Capital: ₹46,580 lakhs (Face value ₹10 each)

Consolidated Financial Results (₹ in lakhs)

Income Statement:

  • Revenue from operations: ₹1,84,656 (Q1 FY27) vs ₹1,31,604 (Q1 FY26)
  • Other Income: ₹11,028 (Q1 FY27) vs ₹14,637 (Q1 FY26)
  • Total Income: ₹1,95,684 (Q1 FY27) vs ₹1,46,241 (Q1 FY26)
  • Total Expenses: ₹1,28,349 (Q1 FY27) vs ₹1,10,724 (Q1 FY26)
  • Share of net (loss) of associates and joint ventures: ₹(4,504)
  • Profit before tax: ₹62,831 (Q1 FY27) vs ₹36,627 (Q1 FY26)
  • Total tax expense: ₹897
  • Profit for the period: ₹61,934 (Q1 FY27) vs ₹35,417 (Q1 FY26)
  • Other Comprehensive Income: ₹22
  • Total Comprehensive Income: ₹61,956

Earnings Per Share (₹):

  • Basic EPS: ₹13.30 (Q1 FY27) vs ₹7.60 (Q1 FY26)
  • Diluted EPS: ₹13.30 (Q1 FY27) vs ₹7.60 (Q1 FY26)

Segment-Wise Performance (Standalone, ₹ in lakhs)

Revenue (Q1 FY27):

  • Liner: ₹26,106
  • Bulk Carrier: ₹25,709
  • Tanker: ₹1,29,546
  • Technical & Offshore: ₹8,080
  • Total Segment Revenue: ₹1,89,441
  • Unallocated Revenue: ₹5,807

Profit before Tax and Interest (Q1 FY27):

  • Liner: ₹8,260
  • Bulk Carrier: ₹4,318
  • Tanker: ₹52,523
  • Technical & Offshore: ₹1,570
  • Total Segment Profit: ₹66,671
  • Add: Unallocated income: ₹4,387
  • Profit before Interest and Tax: ₹71,058

Interest Expense (Q1 FY27):

  • Liner: ₹290
  • Bulk Carrier: ₹310
  • Tanker: ₹1,484
  • Technical & Offshore: ₹82
  • Total Segment Interest: ₹2,166
  • Unallocated Interest: ₹1,572
  • Total Interest Expense: ₹3,738

Subsidiaries and Joint Ventures

The consolidated results include:

  • Subsidiaries: Inland and Coastal Shipping Ltd. (ICSL) and SCI Bharat IFSC Limited.
  • Joint Ventures: India LNG Transport Co. No.1 Ltd. (ILT 1), ILT No.2 Ltd. (ILT 2), ILT No.3 Ltd. (ILT 3), and ILT No.4 Pvt. Ltd. (ILT 4).

Subsidiary Contributions (Q1 FY27):

  • ICSL: Revenue ₹74.32 lakhs, Net Loss ₹(8.77) lakhs
  • SCI Bharat IFSC: Revenue ₹117.36 lakhs, Net Profit ₹17.85 lakhs

Joint Venture Contributions (Q1 FY27):

  • ILT 1, 2 & 3: Share of Net Loss ₹(5,037.54) lakhs
  • ILT 4: Share of Net Profit ₹533.78 lakhs

Auditor's Review

The Joint Statutory Auditors, M/s. D. R. Mohnot & Co and M/s. PSD & Associates, conducted a limited review and issued an unmodified review report. They drew attention to notes regarding:

  • The ongoing process of balance confirmations and reconciliations for trade receivables, payables, and deposits.
  • Reconciliation of agent/vendor/customer balances and its impact on foreign exchange gain/loss.
  • Reconciliation of net tax assets with tax returns and assessment orders.
  • The strategic disinvestment process by the Government of India.

The auditors concluded that these matters would not have a material impact on the financial results.

Strategic Disinvestment Note

The proposed strategic disinvestment of SCI is being handled by the Department of Investment and Public Asset Management (DIPAM). A Preliminary Information Memorandum (PIM) was released on December 22, 2020. The Virtual Data Room is open and managed by the Transaction Advisor for due diligence by Qualified Interested Parties. The process is ongoing.

Other Notes

  • Provision for Performance Related Pay (PRP) is made in the last quarter of the financial year based on the annual audited results.
  • The company is reconciling outstanding income tax litigation receivables but does not expect a material impact.
  • Figures for the quarter ended March 31, 2026, are balancing figures between audited annual and unaudited quarterly numbers.
  • Geopolitical developments in the Middle East have affected operations of ILT 1, ILT 2, and ILT 3, but the company believes these JVs have sufficient resources to continue operations.