Interim report
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एस सी 3173 SCI Navratna Company ( ISO 9001 : 2015 , ISO 14001 : 2015 & ISO 45001 : 2018 Certified ) भारतीय नौवहन निगम लिमिटेड ( भारत सरकार का उद्यम ) पंजीकृत कार्यालयः शिपिंग हाउस , 245 मादाम कामा रोड , मुंबई - 400021 . फोन : 91-22-2202 6666 , 2277 2000 फैक्स : 91-22-22026905 वेबसाइट : www.shipindia.com The Shipping Corporation Of India Ltd. ( A GOVERNMENT OF INDIA ENTERPRISE ) Regd . Office : Shipping House , 245 , Madame Cama Road , Mumbai - 400 021. Ph : 91-22 2202 6666 , 2277 2000 Fax : 91-22 22026905 Website : www.shipindia.com Ref : A10 - SEC - BD - 808 / 202 / 2026 To , TS / CIN - L63030MH1950G01008033 Date : 06.08.2026 Listing Compliance Department BSE Limited , Phiroze Jeejeebhoy Towers , Dalal Street , Mumbai - 400001 . Scrip Code : 523598 Dear Sir / Madam , The Manager - Listing Compliance National Stock Exchange of India Limited ' Exchange Plaza ' C - 1 , Block G , Bandra Kurla Complex , Bandra ( East ) , Mumbai - 400051 Trading Symbol : SCI Outcome of Board Meeting and Compliance of Regulation 30 and 33 of SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 ( ' SEBI Listing Regulations ' ) The Board of Directors of the Company at their meeting held today on 06.08.2026 considered and approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended 30.06.2026 . The copy of Unaudited Standalone and Consolidated Financial Results along with copy of Limited Review Report for the quarter ended 30.06.2026 signed by the Statutory Auditors of the Company is enclosed herewith . ( Annexure 1 ) Meeting of Board of Directors commenced at 1430 hours IST and concluded at 1800 hours IST . Submitted for your information . Kindly take the same on your records . Thanking You . Encl : As mentioned above . @shippingcorp Yours Faithfully , For The Shipping Corporation of India Limited Smt . Swapnita Vikas Yadav Company Secretary and Compliance Officer कार्गो मंजिल तक पहुँचाए . जीवन को राह दिखाए • Transporting Goods . Transforming Lives fin @ shippingcorpindia
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MIs. D. R. Mohnot & Co Chartered Accountants BO; 606, Janki Estate 29, Shah Industrial Estate Off Veera Desai Road, Andheri (East) Mumbai 400053 MIs. PSD & Associates Chartered Accountants BO : B-13, Jesal Mahal CHS, Jesal Park, Near St. Francis School, Bhayandar (East), Mumbai-401105 Ind ependent Auditor's Limited Review Report on the Unaudited Standalone Financial Results of The Shipping Corporation of India Limited for the quarter ended 30.06.2026, pursuant to the Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To The Board of Directors The Shipping Corporation of India Limited 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of The Shipping Corporation of India Limited (the 'Company') for the quarter ended 30.06.2026 (the 'Statement'), being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the regulations") as amended . 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under section 133 of the Companies Act, 2013 (the 'Act') as amended read with relevant rules issued thereunder and other accounting princ iples generally accepted in India . Our responsibility is to issue a report on the Statement based on our review. 3. W p condue . our rev ie\l" of th e Stat ement in accordance with the Standard on Review Er~;:jOE''1\p nts : ~ RE) 2410 "Review of Inter im Financial Information performed by the Independent Auditor of the tntity " Issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financials and accounting matters, and applying analytical and other review procedures. A review is substanitailly less in scope than an audit conducted in accordance with standards on auditing and consequently does not enables us to obtain assurance that we would become aware of all significant matters t hat might be identified in an audit . Accordingly, we do not express an audit opinion. 4. We draw attention to the following matters forming part of the notes to the Statement: i. (a) Note no. 6 (a) regarding the practice of seeking balance confirmations in respect of Trade Receivables, Trade Payables and Deposits, the process of reconciliation and the management's assertion that it would not have any material difference affecting the financial results. (b) Note no. 6 (b) regarding reconciliation of agent/vendor/customer balances and its consequential impact on foreign exchange gain/loss including the accuracy of the exchange gain / loss accounted on revaluation of balances. As stated in the referred note by management, the impact of the same would not be material. (c) Note no. 8 regarding reconciliation of net tax assets as per books of accounts and corresponding tax returns and assessment orders . As stated in the said note the impact of the same would not be material. ii. Note no. 7 regarding select ion of the Company for St rateg ic Disinvestment process by the Government of India . The disinvestment process and the procedural aspects in relation to the same are in progress. Our conclusion is not modified in respect of above matters . Page 1 of 2
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Mis. D. R. Mohnot & Co Chartered Accountants BO; 606, Janki Estate 29, Shah Industrial Estate Off Veera Desai Road, Andheri (East) Mumbai 400 053 Mis. PSD & Associates Chartered Accountants BO : B-13, Jesal Mahal CHS, Jesal Park, Near St. Francis School, Bhayandar (East), Mumba i-401105 5. Based on our review conducted and procedure performed as stated in paragraph 3 above nothing has come to our attention that causes us to believe that the accompanying Statement read with notes thereon, of unaudited standalone financial results, prepared in accordance with recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act, as amended, read with relevant rules issued there under and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulation 33 of the Listing Regulations, as amended, including the manner in which it is to be disclosed, orthat it contains any material misstatement. 6. Other Matter The statement includes comparative figures for the quarter ended 30.06.2025, which have been reviewed by us. Our review report dated 08th August, 2025, expressed an unmodified conclusion on those standalone f inancial results . Our conclusion is not modif ied in respect of this matter. For MIs. D. R. Mohnot & Co '_harter ed Accou ntants FRN : 001388C Partner M. No. 412971 UDIN: 26412971PHVHTM5253 Place: Mumbai Date: 06.08.2026 Page 2 of 2 For MIs. PSD & Associates Priyanka Gupta Partner M. No. 430629 UDIN: 26430629FZNDMC1418
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Sr No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 THE SHIPPING CORPORATION OF INDIA LTD. CIN: L63030MH1950GOI008033 Regd off: Shipping House, 245, Madame Cama Road, Mumbai - 400021 Web site: www .shipindia .com Phone No : 022 - 22026666 STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026 (~ in lakhs) STANDALONE Particulars QUARTER ENDED YEAR ENDED 30.06.2026 31.03.2026 30.06.2025 31.03.2026 (UNAUDITED) (AUDITED) (UNAUDITED) (AUDITED) Revenue from operations 1,84,464 1,51,273 1,31,568 5,77,813 Other Income 10,784 14,457 14,568 44,023 Total Income (1+2) 1,95,248 1,65,730 1,46,136 6,21,836 Expenses Cost of services rendered 76,914 66,620 68,906 2,76,347 Employee benefits expense 14,439 17,065 12,701 58,385 Finance costs 3,738 4,711 3,050 17,335 Depreciation and amo rtisation expense 28,193 28,704 24,960 1,06,363 Other expenses 4,644 6,1 39 988 23,817 Total expenses (4) 1,27,928 1,23,239 1,10,605 4,82,247 Profit/(Loss) before exceptional items and tax (3-4) 67,320 42,491 35,531 1,39,589 Exceptional items - - - - Profit/(Loss) before tax (5-6) 67,320 42,491 35,531 1,39,589 Tax expense Current tax 881 1,105 1,342 7,085 Tax pertaining to earlier years 2 2 (134) (129) Defer red tax - 8 8 - 8 Total tax expense (8) 891 1,115 1,208 6,964 Profit/(Loss) for the period (7-8) 66,429 41,376 34,323 1,32,625 Other comprehensive income Items that will not be reclassified to profit or loss: Remeasurements gain/(Ioss) of defined benefit plans (211 ) 1,674 259 2,889 Other comprehensive income for the period, net of tax (10) (211) 1,674 259 2,889 Total comprehensive income for the period (9+10) 66,218 43,050 34,582 1,35,514 Paid Up Equity Share Capital (Face value RS.1 0 each) 46,580 46,580 46,580 46,580 Other Equity excluding Revaluation Reserves 8,02,348 Earnings per equity share (not annualised) (1) Basic earnings per share (in ~) 14.26 8.88 7.37 28.47 (2) Diluted earnings per share (in ~) 14.26 8.88 7.37 28.47
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Segment-Wise Revenue, Results, Ass ets and Liab ilitie s (~ in lakh s) STANDALONE Sr QUARTER ENDED YEAR ENDED PARTICULARS No. 30.06.2026 31.03.2026 30.06.2025 31.03.2026 (UNAUDITED) (AUD ITED) (UNAUDIT ED) (AUDIT ED) 1 Segmen t Revenue i. Liner 26,106 16,467 20,087 78,427 ii. Bulk Carrier 25,709 21,783 13,264 78 ,887 iii. Tanker 1,29,546 1,07,446 91 ,328 3,94,223 "- iv. Technical & Offshore 8,080 7,237 7,233 29,785 Total 1,89,441 1,52,933 1,31 ,912 5,81,322 Unallocated Revenue 5,807 12,797 14,224 40,514 Total 1,95,248 1,65,730 1,46,136 6,21 ,836 2 Segment Results Profit/(Loss) before Tax and Interest i. Liner 8,260 1,133 4,782 7,484 ii. Bulk Carrier 4,318 1,925 (4,801) (1 ,911 ) iii. Tanker 52,523 36,271 24,474 1,18,954 iv. Technical & Offshore 1,570 640 (157) 3,529 Total 66,671 39,969 24,298 1,28 ,056 Add : Unallocated income (Net of expenditure) 4,387 7,233 14,283 28 ,868 Profit before Interest and Tax 71,058 47,202 38,581 1,56,924 Less: Interest Expenses i. Liner 290 385 432 1,580 ii. Bulk Carrier 310 434 376 1,733 iii. Tanker 1,484 1,586 245 4,364 iv. Technical & Offshore 82 122 117 495 Total Segment Interest Expense 2,166 2,527 1,170 8,1 72 Unallocated Interest expense 1,572 2,184 1,880 9,163 Total Interest Expense 3,738 4,711 3,050 17,335 Profit/(Loss) before Tax 67,320 42,49 1 35,531 1,39,589 3 Seg ment Asse ts i. Liner .. 71,838 87,720 1,00,674 87,720 ii. Bulk Carrier 1,62,501 1,65,368 1,55,892 1,65,368 iii. Tanker 5,82,892 5,73 ,549 4,69,406 5,73,549 iv. Technical & Offshore 91,487 88,945 91 ,354 88,945 Total Segment Assets 9,08,718 9,15,582 8,17,326 9,15,582 Unallocable Assets 4,10,768 3,55,140 3,07,566 3,55,140 Total Assets 13,19,486 12,70,722 11,24,892 12,70,722 4 Segment Liabilities i. Liner 49,503 71 ,731 92,396 71,731 ii. Bulk Carrier 59,902 62,340 54,692 62,340 iii. Tanker 1,47,237 1,39,064 14,204 1,39,064 iv. Technical & Offshore 21,900 21 ,689 21 ,113 21 ,689 Total Segment Liabilities 2,78,542 2,94,824 1,82,405 2,94,824 Unallocable Liabilities 1,25,798 1,26,970 1,33,518 1,:26,970 Total Liabilities 4,04,340 4,21,794 3,15,923 4,21,794
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1. The above standalone financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 06.08.2026. 2. The Joint Statutory Auditors of the Company have carried out the limited review of the standalone financial results for the quarter ended 30.06.2026, pursuant to the requirements of Regulation 33 of the SEBI (LODR) Regulations, 2015 (as amended from time to time) and have issued an unmodified review report. 3. The standalone financial results of the Company have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act 2013, read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) and other accounting principles generally accepted in India. 4. Segment Results: a. Segment definitions: Liner segment includes break-bulk, container transport and vessels (passenger vessels and research vessels) managed on behalf of other organisations. Bulk Carriers include dry bulk carriers. Tankers segment includes crude and product carriers, gas carriers. T&OS segment includes company owned offshore vessels and offshore vessels managed on behalf of other organisations and income from technical consultancy services. Unallocable items including interest expense to the extent unallocable are disclosed separately. b. Agent Advances are allocated to segments in the ratio of payable to the agents. 5. Considering the volatility of the shipping business and the evaluation mechanism for Performance Related Pay (PRP), as per past practice, provision for such expenses is made in the last quarter of the financial year after taking into account the PRP related parameters and the annual audited financial statements. 6. a) The Company has the practice of seeking confirmations of balances from all the parties in respect of the Trade Receivables, Trade Payables and Deposits. While the reconciliation is an on-going process, the management does not expect any material difference affecting the financial results due to the same. b) Reconciliation of agent/vendor/customer balances is an ongoing process. Management is of the view that effect of changes in the balances on account of above reconciliation and subsequent impact of foreign exchange gain / loss will not be material. 7. The proposed strategic disinvestment of SCI is being handled by Department of Investment and Public Asset Management (DIPAM) with the engagement of Transaction Advisor. In this regard, Preliminary Information Memorandum (PIM) for inviting expression of interest was released on 22.12.2020. The Virtual Data Room is open and is ......-:::::-=b:::::::e~ing managed by the Transaction Advisor of due diligen ~ e . ~ by the
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8. The Company has outstanding receivables in respect of on going income tax litigation which is shown as tax asset in the balance sheet. The Company is in the process of reconciling these outstanding receivables with corresponding assessment orders, orders giving effect (OGEs), and other relevant documentation. Based on its current assessment, the Company does not expect any material impact on its financial results arising from these matters. 9. The figures for the quarter ended 31.03.2026 are the balancing figures between the audited figures in respect of the full financial year 2025-26 and unaudited year to date figures up to the third quarter ended 31.12.2025, which were subjected to limited review by the Joint Statutory Auditors of the Company. 10. The figures of the previous year/ period have been regrouped or rearranged wherever necessary / practicable to conform to current year / period's presentation. Place: Mumbai Date: 06.08.2026 For The Shipping Corporation of India Limited
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Mis. D.R. Mohnot & Co Chartered Accountants BO; 606, Janki Estate 29, Shah Industrial Estate Off Veera Desai Road, Andheri (East) Mumbai 400053 Mis. PSD & Associates Chartered Accountants BO : B-13, Jesal Mahal CHS, Jesal Park, Near St. Francis School, Bhayandar (East), Mumbai-401105 Independent Auditor's Limited Review Report · on the Unaudited Consolidated Financial Results of The Shipping Corpora ~ ion of India Limited for the quarter ended 30.06.2026, pursuant to the Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To The Board of Directors The Shipping Corporation of India Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of The Shipping Corporation of India Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as the "Group"), and its share of the net profit after tax and total comprehensive income of its joint ventures for the quarter ended 30.06.2026 attached herewith (the "Statement"), being submitted by the Holding Company pursuant to the requirements of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the RegUlation") as amended. 2. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards "Interim Financial Reporting" ("Ind As 34/1) prescribed under section 133 of the Companies Act, 2013 (the "Act/l) read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review. 3. We cond ct ed our revi(:w of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Fina ncial Information Performed by the Independent Auditor of t he Entit y", issued by the Institute of Charte red Accountants of India (ICAI) and also considering the requiremen ts of Standards on Auditing (SA 600) on "Using The Work of Another Auditor/l. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from material misstatement . A review of interim financial information consists of making inquiries, primarily of persons responsible for financials and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with standards on auditing and consequently does not enables us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an aud it opinion. We also performed procedures in accordance with the SEBI Circular No. CIR/CFD/CMDl/44/2019 dated 29.03.2019 under Regulation 33(8) of the Regulations, as amended, to the extent applicable. 4. The Statement includes the results of the following entities: (A) The Shipping Corporation of India Limited (lithe Holding Company") (B) Subsidiaries: i. Inland and Coastal Shipping Ltd. (ICSL) ii. SCI Bharat IFSC Limited. (C) Joint Ventures: i. India LNG Transport Co. No.1 Ltd. (ILT 1) ii. India LNG Transport Co. No.2 Ltd. (ILT 2) iii. India LNG Transport Co. No.3 Ltd. (ILT 3) iv. India LNG Transport Co. No.4 Pvt. Ltd. (ILT 4) Page 1 of 3
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MIs. D.R. Mohnot & Co Chartered Accountants BO; 606, Janki Estate 29, Shah Industria l Estate Off Veera Desai Road, Andheri (East) Mumbai 400 053 MIs. PSD & Associates Chartered Accountants BO : B-13, Jesal Mahal CHS, Jesal Park, Near St. Fra ncis School, Bhayandar (East), Mumbai-401105 '5. Based on our review conducted " an·d procedure performed as stated in paragraph 3 above, and based on the consideration of the review reports of other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the Indian Accounting Standards specified under Section 133 of the Companies Act, as amended, read with relevant rules issued there under and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. We draw attention to the following matters forming part of the notes to the Statement: i. (a) Note No.7(a) regarding the practice of seeking balance confirmations in respect of Trade Receivables, Trade Payables and Deposits, the process of reconciliation and the management's assertion that it would not have any material difference affecting the financial results. (b) Note No.7(b) regarding reconciliation of agent/vendor/customer balances and its consequential impact on foreign exchange gain/loss including the accuracy of the exchange gain / loss accounted on revaluation of balances. As stated in the referred note by management, the impact of the same would not be material. (c) Note No.9 regarding reconciliation of net tax assets as per books of accounts and corresponding tax returns and assessment orders. As stated in the said note the impact of the same would not be material. il. Note No. 8 regard ing selection of the Company for Strategic Disinvestment process by the Government of India. The disinvestment process and the procedural aspects in relation to the same are in progress. Our conclusion on the Statement is not modified in respect of above matters. 7. a) We did not review the financial results of one subsidiary (Inland and Coastal Shipping Limited) included in the unaudited consolidated financial results, whose interim financial result reflect total revenue of Rs.74.32 lakhs for the quarter ended 30.06.2026, total net profit/(Ioss) after tax of Rs.(8.77 lakhs) for the quarter ended 30.06 .2026, total comprehensive income of Rs. (8.77 lakhs) for the quarter ended 30.06 .2026, as considered in the unaudited consolidated financial results have been reviewed by other auditor and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the report of the other auditor and the procedures performed by us as stated in paragraph 3 above. b) We did not review the financial result of one subsidiary (SCI Bharat IFSC Limited) included in unaudited consolidated financial results, whose interim financial result reflect total revenue of Rs. 117.36 lakhs for the quarter ended 30.06.2026, total profit/(Ioss) after tax of Rs. 17.85 lakhs for the quarter ended 30.06.2026, total comprehensive income of RS.17.52 lakhs for the quarter ended 30.06 .2026, as considered in the unaudited consolidated financial results have been certified by the Holding Company's Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on management certified results . c) The unaudited consolidated financial results also include the Group's share of net profit/ (loss) after tax of Rs. (5037.54 lakhs) for the quarter ended 30.06.2026 and total other comprehensive income of Rs.(4991.26 lakhs) for the quarter ended 30.06.2026 as considered in the unaudited consolidated financial results, in respect of three joint ventures viz. ILT 1, 2 & 3, whose interim financial results have not been reviewed by us. These interim Page 2 of 3
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Mis. D.R. Mohnot & Co Chartered Accountants BO; 606, Janki Estate 29, Shah Industrial Estate Off Veera Desai Road, Andheri (East) Mumbai 400 053 Mis. PSD & Associates Chartered Accountants BO : B-13, Jesal Mahal CHS, Jesal Park, Near St. Francis School, Bhaya ndar (East), Mumbai-401105 financial results have been reviewed by other auditor, and our conclusion on the Statement; in so far as it relates . to the amounts and disclosures included in respect of these joint ventures, is based solely on the report of the other auditor and the procedures performed by us as stated in paragraph 3 above. The Auditor of ILT 1, 2 & 3 have inserted a paragraph for material uncertainty to going concern in their respective Independent Review Reports, However these joint ventures are not material to the company. d) The unaudited consolidated financial results also include the Group's share of net profit after tax of Rs. 533.78 lakhs for the quarter ended 30.06.2026 and total other comprehensive income of Rs. 721.24 lakhs for the quarter ended 30.06.2026 as considered in the unaudited consolidated financial results, in respect of joint venture ILT-4, whose interim financial results have not been reviewed by us. These interim financial results have been reviewed by other auditor, and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this joint venture, is based solely on the report of the other auditor and the procedures performed by us as stated in paragraph 3 above. e) All the joint ventures are located outside India whose financial statements have been prepared in accordance with accounting principles generally accepted in their respective countries and which has been reviewed by their respective independent auditors in respect of ILT-1, ILT-2, ILT-3 & ILT-4 under ' generally accepted auditing standards applicable in their respective countries. Our opinion in so far as it relates to the balances and affairs of such joint ventures located outside India is based on the review report of other auditors for four joint ventures. Furtl,er, as stated in Note No.3 of consolidated financial results of these Joint Ventures whose financial results ave b~en prepared in accordance with accounting principles generally accepted in the irrespective countries have been converged to Ind AS for Consolidation purpose. f) The Consolidated financial results of the company include comparative figures for the three months ended 30.06.2025, which has been reviewed by us. Our review report dated 8th August, 2025, expressed an unmodified conclusion on those consolidated financial result. Our conclusion on the Statement is not modified in respect of the above matters. For MIs. D.R. Mohnot & Co Chartered Accountants FRN : 001388C d:::J Partner M. No. 412971 UDIN: 26412971MDADKL6750 Place: Mumbai Date: 06.08.2026 Page 3 of 3 For MIs. PSD & Associates Chartered Accountants M. No. 430629 UDIN:26430629TCGDPN9839
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Sr No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 THE SHIPPING CORPORAT ION OF INDIA LTD . CIN : L63030MH1 950GOI008033 Regd off : Sh ipping House, 245, Madame Cama Road, Mum bai - 400021 Web site: www .shipind ia.com Phone No : 022 - 22026666 STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026 (~ in l akhs) CONSO LIDATED Part ic ulars QUARTER ENDED Y EAR ENDED 30.06.2026 31.03.2026 30.06.2025 31.03.2026 (UNAUDITED) (AUDITED) (UNAUDITED) (AUDITED) Revenue from operations 1,84,656 1,51 ,321 1,31,604 5,77,979 Other Income 11 ,028 14,654 14,637 44,699 Total Income (1 +2) 1,95,684 1,65,975 1,46,241 6,22,678 Expenses Cost of services rendered 77,241 66,836 68,966 2,76,979 Employee benefits expense 14,447 17,075 12,708 58,420 Finance costs 3,739 4,712 3,052 17,341 Depreciation and amortisation expense 28,198 28,709 24,965 1,06,383 Other expenses 4,724 6,219 1,033 24,033 Total expenses (4) 1,28,349 1,23,551 1,10,724 4,83,156 Profit/(Loss) before exceptiona l items, share of net profits of investments accounted for using equity method and tax (3-4) 67,335 42,424 35,517 1,39,522 Share of net profit/(Ioss) of associates and joint ventures accounted for using equity method (4,504) (865) 1,1 10 2,759 ProfiU(Loss) before exceptional items and tax (5+6) 62,83 1 41 ,559 36,627 1,42,281 Exceptional items - - - - ProfiU(Loss) befo re tax (7-8) 62,831 41 ,559 36,627 1,42,281 Tax expense Current tax 886 1,088 1,343 7,107 Tax pertaining to earlier years 2 2 (133) (130) Deferred tax 9 9 - 12 Total tax expense (10) 897 1,099 1,210 6,989 ProfiU(Loss) for the period (9-10) 61,934 40,460 35,417 1,35,292 Other comprehensive income Items that will not be reclassified to profit or loss: Remeasurements gain/(Ioss) of defined benefit plans (211 ) 1 ,674 259 2,889 Foreign Currency translation gainlloss of subsidiary ° 161 - 316 Share of OCI of associates and joint ventures , net of tax 233 3,289 (3,551) 930 Other comprehensive income for the period, net of tax (12) 22 5,124 (3,292) 4,135 Total comprehensive income tor the period (11 +12) 61,956 45,584 32,125 1,39,427 Paid Up Equity Share Capital (Face value Rs.1 ° each) 46,580 46,580 46,580 46,580 Other Equity excluding Revaluation Reserves 8,63,049 Earnings per equ ity share (not annualised) (1) Basic earnings per share (in ~) 13.30 8.69 7.60 29.05 (2) Diluted earnings per share (in ~) 13.30 8.69 7.60 29.05
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Segment-W ise Revenue , Results , Assets and Liabil ities (~ in lakhs) CONSOLIDATED Sr QUARTER ENDED YEAR ENDED No. PARTICULARS 30.06.2026 31.03.2026 30.06.2025 31 .03.2026 (UNAUDITED) (AUDITED) (UNAUD ITED) (AUDIT ED) 1 Segme nt Revenue i. Liner 26,106 16,467 20,087 78,427 ii. Bulk Carrier 25,709 21,783 13,264 78,887 iii. Tanker 1,29,546 · 1,07,446 91,328 3,94,223 iv. Technical & Offshore 8,080 7,237 7,233 29,785 Total . 1,89,441 1,52,933 1,31,912 5,81,322 Unallocated Revenue 6,243 13,042 14,329 41 ,356 Total 1,95,684 1,65,975 1,46,241 6,22,678 2 Segment Results Profit/(Loss) before Tax and Interest i. Liner 8,260 1,133 4,782 7,484 ii. Bulk Carrier 4,318 1,925 (4,801 ) (1,911) iii. Tanker 52,523 36,271 24,474 1,18,954 iv. Technical & Offshore 1,570 640 (157) 3,529 Total 66 ,671 39,969 24,298 1,28,056 Add: Unallocated income (Net of expenditure) (101 ) 6,302 15,381 31,566 Profit before Interest and Tax 66 ,570 46,271 39,679 1,59,622 Less: Interest Expenses i. Liner 290 385 432 1,580 ii. Bulk Carrier 310 434 376 1,733 iii. Tanker 1,484 1,586 245 4,364 iv. Technical & Offshore 82 122 117 495 Total Segment Interest Expense 2,166 2,527 1,170 8,172 Unallocated Interest expense . 1,573 2,185 1,882 9,169 Total Interest Expense 3,739 4,712 3,052 17,341 Profit/(Loss) before Tax 62,831 41,559 36,627 1,42,281 3 Segment Assets i. Liner 71,838 87,720 1,00,674 87,720 ii. Bulk Carrier 1,62,501 1,65,368 1,55,892 1,65,368 iii. Tanker 5,82,892 5,73,549 4,69,406 5,73,549 iv. Technica l & Offshore 91,487 88,945 91,354 88,945 Total Segment Assets 9,08,718 9,15,582 8,17,326 9,15,582 Unallocable Assets 4,67,777 4,16,268 3,62,069 4,16,268 Total Assets 13,76,49 5 13,31 ,850 11 ,79,395 13,31,850 4 Segment Liabi lities i. Liner 49,503 71,731 92,396 71,731 ii. Bulk Carrier 59,902 62,340 54,692 62,340 iii. Tanker 1,47,237 1,39,064 14,204 1,39,064 iv. Technical & Offshore 21,900 21,689 21,113 21,689 Total Segment Liabilities 2,78 ,542 2,94,824 1,82,405 2,94,824 Unallocable Liabilities 1,26,368 1,27,397 1,33,690 1,27,397 Total Liabilities 4,04,910 4,22,221 3,16,095 4,22,221 I \
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1. The above consolidated financial results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 06.08.2026. 2. The Joint Statutory Auditors of the Company have carried out the limited review of the consolidated financial results for the quarter ended 30.06.2026, pursuant to the requirements of Regulation 33 of the SEBI (LODR) Regulations, 2015 (as amended from time to time) and have issued an unmodified review report. 3. The consolidated financial results relate to The Shipping Corporation of India Ltd. (lithe Company") and its following Subsidiary and Joint Ventures (together referred to as the "Group"), which have been considered for the purpose of consolidation in accordance with the Ind AS 110 - Consolidated Financial Statements: Subsidiaries - Inland & Coastal Shipping Ltd. (ICSL) SCI Bharat IFSC Limited. (SBIL) Joint Ventures - India LNG Transport Company (No.1) Ltd. (ILT 1). India LNG Transport Company (No.2) Ltd. (ILT 2) India LNG Transport Company (No.3) Ltd. (ILT 3) India LNG Transport Company (NoA) Pvt. Ltd. (ILT 4) Their financial results for the quarter ended 30.06.2026 have been reviewed by their respective auditors except for SCI Bharat IFSC Limited. Geopolitical developments in t he Middle East have affected the operations of ILT 1, ILT 2 and ILT 3. However, based on the going concern assessments performed by the respective Joint Venture companies, the Company believes that these entities have sufficient resources to continue their operations and meet their obligations as they fall due. Further, the limited reviewed financial results of the Joint Ventures, prepared under IFRS/SFRS, are converted to Ind AS by SCI for the purpose of consolidation. 4. The consolidated financial results of the Group have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards ("lnd AS") as prescribed under Section 133 of the Companies Act 2013, read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) and other accounting principles generally accepted in India. 5. Segment Result~: a.Segment definitions: Liner segment includes break-bulk, container transport and vessels (passenger vessels and research vessels) managed on behalf of other organisations. Bulk Carriers include dry bulk carriers. Tankers segment includes crude and product carriers, gas carriers. T&OS segment includes company owned offshore vessels and offshore vessels managed on behalf of other organisations and income
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6. Considering the volatility of the shipping business and the evaluation mechanism for Performance Related Pay (PRP), as per past practice, provision for such expenses is made in the last quarter of the financial year after taking into account the PRP related parameters and the annual audited financial statements. 7. a) The Company has the practice of seeking confirmations of balances from all the parties in respect of the Trade Receivables, Trade Payables and Deposits. While the reconciliation is an on-going process, the management does not expect any material difference affecting the financial results due to the same. b) Reconciliation of agent/vendor/customer balances is an ongoing process. Management is of the view that effect of changes in the balances on account of above reconciliation and subsequent impact of foreign exchange gain / loss will not be material. 8. The proposed strategic disinvestment of SCI is being handled by Department of Investment and Public Asset Management (DIPAM) with the engagement of Transaction Advisor. In this regard, Preliminary Information Memorandum (PIM) for inviting expression of interest was released on 22.12.2020. The Virtual Data Room is open and is being managed by the Transaction Advisor for the process of due diligence by the Qualified Interested Parties. 9. The Company has outstanding receivables in respect of ongoing income tax litigation which is shown as tax asset in the balance sheet. The Company is in the process of reconciling these outstanding receivables with corresponding assessment orders, orders giving effect (OGEs), and other relevant documentation. Based on its current assessment, the Company does not expect any material impact on its financial results arising from these matters. 10. The figures for the quarter ended 31.03.2026 are the balancing figures between the audited figures in respect of the full financial year 2025-26 and unaudited year to date figures up to the third quarter ended 31.12.2025, which were subjected to limited review by the Joint Statutory Auditors of the Company. 11. The figures of the previous year/ period have been regrouped or rearranged wherever necessary / practicable to conform to current year / period's presentation. Place: Mumbai Date: 06.08.2026 ~=~ For The Shipping \;or~on ~:~t:a;:: ited ~ .. Director (Finance) DIN- 09595247