The Results for Quarter and Half year ended September 2025 are annexed
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Awaiting price reaction for this filing.
Chowgule Steamships reported a decline in both revenue and profit for Q2 FY26 compared to the same quarter last year. Revenue from operations fell to ₹75.83 lakhs from ₹93.72 lakhs in Q2 FY25, while profit after tax dropped sharply to ₹15.56 lakhs from ₹33.41 lakhs. For the half-year, revenue from operations stood at ₹159.24 lakhs (vs ₹186.12 lakhs in H1 FY25) and PAT at ₹43.54 lakhs (vs ₹84.21 lakhs). Total income for H1 FY26 was ₹283.78 lakhs versus ₹350.91 lakhs a year ago. The company has no debt on its books, and its wholly-owned overseas subsidiary Chowgule Steamships Overseas Limited was dissolved in June 2025. The board also approved remuneration for Whole-Time Director Mr. Vijay Chowgule and called an EGM for related shareholder approvals. The auditor (M.N. Choksi & Co. LLP) issued an unmodified limited review report.
Lower shipping income and roughly halving of quarterly profit signal weak operational performance, though the company remains debt-free and profitable. The EGM item on director remuneration is a governance event shareholders should watch. Near-term sentiment may be cautious given the sharp YoY drop in earnings.