Shipping Corporation Of India Limited has informed the Exchange regarding Outcome of Board meeting held on August 08, 2025.
SCI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts more than Nifty Smallcap 250 and 0.6 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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The Board approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended 30 June 2025). Standalone revenue from operations fell about 13% year-on-year to Rs.1,31,568 lakhs (from Rs.1,51,407 lakhs in Q1 FY25), mainly due to weakness in the Bulk Carrier segment, which swung to a loss of Rs.4,801 lakhs versus a profit of Rs.5,174 lakhs a year ago. Despite the revenue dip, standalone profit after tax rose roughly 20% to Rs.34,323 lakhs (from Rs.28,692 lakhs), helped by sharply lower operating costs and a big jump in other/interest income. Basic EPS stood at Rs.7.37 versus Rs.6.16 in Q1 FY25. The Tanker segment remained the profit driver at Rs.24,474 lakhs, while the Liner segment also improved. The joint statutory auditors (D.R. Mohnot & Co and PSD & Associates) issued an unmodified limited review report but flagged emphasis-of-matter notes on the long-pending PRP issue, balance confirmations, the government's ongoing strategic disinvestment, and the SCI LAL demerger/leaseback. The Board also approved the appointment of M/s Upendra Shukla & Associates as Secretarial Auditor for five years (FY26 to FY30), subject to shareholder approval.
Positive on profitability — profit and margins expanded sharply even as shipping revenues fell, showing cost discipline and strong treasury income, though the Bulk Carrier loss and the unresolved government strategic disinvestment process continue to be overhangs for shareholders.