Shreeji Shipping Global Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
SHREEJISPG · price
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Shreeji Shipping Global Limited reported consolidated revenue from operations of Rs 7,093.78 million for FY2026, up 21.5% from Rs 5,840.82 million in the prior year. Profit after tax stood at Rs 1,526.96 million versus Rs 1,439.62 million, representing approximately 6% growth. The company completed its IPO in August 2025 raising Rs 3,698.80 million (net), with Rs 2,511.79 million still unutilized for dry bulk carrier acquisition. The auditor issued an unmodified (clean) opinion. A notable contingent liability of up to Rs 6,289.27 million is disclosed due to an admiralty suit where vessels were arrested, though the matter is sub-judice. The company also received approval for Tonnage Tax Scheme. Cash flow from operations remained positive at Rs 1,909.90 million despite significant investing activities.
The company delivered solid topline growth exceeding 20% and maintained profitability, but faces a material legal dispute with arrested vessels and unutilized IPO proceeds. The clean audit opinion and positive operating cash flow are reassuring despite the contingent liability.