Board of directors in its meeting held today had considered and approved audited financial results and audited financial statements for the year ended March 31, 2026
SHREEJISPG · price
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Shreeji Shipping Global Ltd reported consolidated revenue from operations of Rs 7,093.78 million for FY26, up 21.5% from Rs 5,840.82 million in FY25, driven by growth in both India and international shipping operations. Profit after tax grew to Rs 1,526.96 million from Rs 1,439.62 million, a more modest 6% increase, indicating margin compression. EBITDA margin declined slightly from 27.3% to 26.7% due to higher operating costs and finance costs which rose 60% to Rs 194.71 million. The company completed its IPO in August 2025 raising Rs 3,698.80 million, with Rs 2,511.87 million still unutilized pending vessel acquisitions. A significant legal dispute exists with a potential counterparty claiming up to Rs 6,289.27 million in damages related to failed vessel charter agreements, disclosed as a contingent liability. The auditor issued an unmodified (clean) opinion on the financial statements.
Revenue growth exceeding 20% is positive, but the slower PAT growth and margin compression may concern investors focused on profitability. The large undisclosed legal claim and unutilized IPO proceeds for vessel purchases warrant attention. The clean audit opinion provides assurance on financial reporting quality.