Financial Results for Quarter Ending 31/12/2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.5 pts more than Nifty Microcap 250 and 4.6 pts more than its Shipping peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shahi Shipping Limited posted a net loss of ₹45.82 lakh in Q3 FY26, wider than the ₹36.31 lakh loss in the same quarter last year. Revenue from operations for the quarter stood at ₹166.98 lakh, up about 16% year-on-year from ₹144.11 lakh. However, the nine-month picture is weak — revenue from operations fell sharply to ₹486.86 lakh from ₹750.92 lakh a year ago, a decline of around 35%. The company continued to post losses at the operating level, with a nine-month loss before tax of ₹122.69 lakh. The auditor (B.P. Shah & Co.) issued a clean limited review report with no qualifications. The company also disclosed pending GST and service tax disputes totalling around ₹7.3 crore kept as contingent liabilities with no provision made.
Persistent quarterly losses and a sharp drop in nine-month revenues are negative signals for shareholders — the shipping business is not generating profits and the top line has shrunk significantly versus last year. Short-term, the stock may remain under pressure until revenues stabilise and the company moves back to profitability.