Shreeji Shipping Global Limited announced its audited financial results for the quarter and financial year ended 31st March 2026 (FY26). The results were reported on 29 May 2026 and received an unmodified (clean) auditor's opinion.
Financial Performance - FY26 (Consolidated)
- Revenue from Operations: ₹709.38 crore, representing 21.45% growth from ₹584.08 crore in FY25
- EBITDA (excluding exceptional items): ₹243.03 crore, up 26.81% year-over-year
- EBITDA margin (excluding exceptional items): 34.26%, expanded by 145 basis points from 32.81% in FY25
- Profit before exceptional items and tax: ₹197.47 crore, up 23.28% year-over-year
- Net Profit after tax: ₹152.70 crore
- Total Comprehensive Income: ₹154.20 crore
- Declared an interim dividend of ₹1 per equity share during the year
Note: FY25 figures included a one-time exceptional gain of ₹31.80 crore (pre-tax) on sale/discard of property, plant and equipment. FY25 represents a part-year period from 11 April 2024 (date of conversion of the erstwhile firm into a company).
Strategic Milestones
Tonnage Tax Approval: Secured Income Tax Department approval under Chapter XII-G (Tonnage Tax Scheme) for eligible inland vessels, effective FY26. This improves long-term tax efficiency, profitability and cash flows.
Entry into Coastal Movement: Commenced coastal cargo movement through its wholly owned subsidiary in IFSC - "Shreeji Global IFSC Pvt. Ltd.", deploying MV SJ LILY under a time charter. This represents a decisive shift towards integrated maritime logistics.
Expansion into Eastern India: Initiated floating crane lighterage operations at Syama Prasad Mukharjee Port Trust, Kolkata, expected to commence in Q1 FY27. This extends the Company's footprint to the east coast.
Fleet Expansion
The Company has materially expanded its owned fleet, reinforcing its asset-backed model and carrying capacity ahead of rising cargo-handling and coastal-movement demand.
Current Fleet Composition:
- 63 Self-Propelled Barges - among the largest midstream lighterage fleets in India
- Mini Bulk Carriers (MBCs): Increased from 5 (FY25) to 13 (current)
- Floating Cranes: Increased from 7 (FY25) to 9 (current)
- Tugs: Increased from 8 (FY25) to 11 (current)
- Coastal Vessel: Added 1 vessel (from 0 in FY25)
Order Book: 3 additional mini bulk carriers are in progress for delivery in Q1-Q2 FY27, of which 2 are all-weather vessels with round-the-year plying permission. This will double the Company's all-weather MBC count to 4 (within a 16-strong MBC fleet), enabling uninterrupted operations even through the monsoon season and improving fleet utilization and revenue continuity.
The Company also added 35+ earthmoving & shore-handling units during FY26.
Management Commentary
Management stated that FY26 has been a "defining year" with strong, broad-based growth reflecting the strength and scalability of their integrated shipping and logistics platform. They emphasized the strategic transformation through significant fleet investments, Tonnage Tax Scheme approval, and entry into coastal cargo movement as important steps toward becoming a comprehensive maritime logistics solutions company.
With floating crane operations at Syama Prasad Mukharjee Port, Kolkata expected to commence in Q1 FY27 and new mini bulk carriers progressively joining the fleet, management believes the company is well positioned to extend its footprint and deliver sustained, profitable growth.
Business Overview
Shreeji Shipping Global Limited provides shipping and logistics solutions for dry-bulk cargo at ports and jetties across India and Sri Lanka. With a legacy of more than three decades, operations span cargo handling, transportation, fleet chartering & coastal movements, equipment rentals and allied port services, including Ship-to-Ship (STS) lighterage and stevedoring.
The Company operates one of India's largest midstream lighterage fleets and is primarily focused on non-major ports along the West Coast of India (Navlakhi, Bedi, Magdalla, Bhavnagar and Dharamtar) and overseas at Puttalam Port, Sri Lanka.
Disclaimer
The document contains forward-looking statements subject to risks and uncertainties including government actions, local developments and technological risks. The Company does not commit to publicly updating these statements.