Financial results for June 2025
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Chowgule Steamships Ltd reported weaker numbers for Q1 FY26 (quarter ended June 30, 2025). Total income fell to ₹165.27 lakhs from ₹186.18 lakhs in the same quarter last year, a drop of about 11%. Revenue from operations declined to ₹83.41 lakhs (from ₹92.40 lakhs YoY), while other income also slipped to ₹81.86 lakhs from ₹93.78 lakhs. Profit before tax came in at ₹39.10 lakhs versus ₹58.08 lakhs a year ago, and profit after tax nearly halved to ₹27.98 lakhs (from ₹50.80 lakhs). Basic EPS stood at ₹0.08, compared to ₹0.14 in Q1 FY25. The auditor (M. N. Choksi & Co. LLP) issued a clean limited review report with no qualifications or emphasis of matter. The company also noted that its wholly-owned subsidiary, Chowgule Steamships Overseas Limited, was formally dissolved from the Guernsey Registry on June 16, 2025.
A broad-based decline in earnings — revenue, margins, and profit all contracted year-on-year — is negative for shareholders and could weigh on the stock. The dissolution of the overseas subsidiary simplifies the group structure but offers little offset to the weak operating performance.