1. Considered and approved the Audited Standalone & Consolidated Financial Results of the Company for the quarter & year ended on March 31, 2026, in accordance with the provisions of Regulation ....
SHREEJISPG · price
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Shreeji Shipping Global Ltd reported strong audited consolidated financial results for FY2026. Total revenue from operations grew 21.5% to Rs 7,093.78 million from Rs 5,840.82 million in the previous year. Profit after tax increased to Rs 1,526.96 million compared to Rs 1,439.62 million, a growth of about 6%. The company completed its IPO in August 2025, raising Rs 3,698.80 million, with most proceeds (Rs 2,511.79 million) earmarked for acquiring dry bulk carriers. A new subsidiary, Shreeji Tisha Maritime Private Limited (51% owned), was incorporated during the year. The auditors from Sarda & Sarda issued an unmodified (clean) opinion on the financial statements. The company received approval for the Tonnage Tax Scheme effective from FY 2025-26.
Revenue growth of over 21% is positive for shareholders, though PAT growth of 6% is modest. A clean audit opinion with no qualifications is reassuring. However, a major legal dispute involving an admiralty suit with potential damages of up to Rs 6,289.27 million (disclosed as contingent liability) poses significant risk and warrants monitoring.