Shipping Corporation of India reports a 74.9% year-on-year rise in net profit for Q1 FY27, driven by strong tanker segment performance and strategic fleet expansion plans, signalling a robust recovery in its core shipping businesses.
Shipping Corporation of India reported a sharp improvement in first-quarter earnings for FY27, underlining a stronger run in its core shipping businesses as tanker markets remained supportive. The state-run carrier said consolidated net profit rose 74.9% year on year to ₹619.34 crore in the quarter ended June 30, 2026, while revenue from operations climbed 40.3% to ₹1,846.56 crore. Operating EBITDA increased 79.9% to ₹882.44 crore, lifting the margin to 47.79% from 37.16% a year earlier.
The tanker division remained the biggest contributor, generating ₹1,295.46 crore in revenue during the quarter, according to the company’s results. Shipping industry data and the company’s own figures suggest that stronger charter rates and improved fleet deployment helped drive the surge, while dry bulk and offshore operations also moved back into profit as utilisation improved. That marked a notable broadening of performance beyond the tanker segment alone.
The latest figures build on an already stronger March quarter, when Shipping Corporation of India posted consolidated net profit of ₹404.60 crore and sales of ₹1,513.21 crore, according to Business Standard. The latest quarter therefore shows not only year-on-year growth but also a further sequential step up in profitability, reinforcing the view that operating leverage is improving as volumes and realisations strengthen.
The company has also set ambitious medium-term plans, including a goal to triple revenue over the next four to five years and a longer-term fleet expansion programme, according to a separate industry note. That includes a plan to add about 216 vessels by 2047, supported by an estimated investment of ₹1 lakh crore through a mix of joint ventures, second-hand purchases and new-build orders. Investors have already responded positively: the stock has risen 46% over the past 12 months, helped by the stronger earnings profile and signs of recovery across several fleet segments.
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