Shipping Corporation of India Land and Assets Q2 FY27 results: net profit up 180.4% to ₹11.75 crore
Shipping Corporation of India Land and Assets Limited reported standalone Q2 FY27 revenue of ₹7.67 crore and a net profit of ₹11.75 crore. Revenue rose 25.1% from Q2 FY26, while profit increased 180.4%; against Q1 FY27, however, revenue fell 2.4% and profit fell 16.2%.
Key points
- Standalone Q2 FY27 revenue was ₹7.67 crore, up ₹1.54 crore or 25.1% from Q2 FY26 but down ₹0.19 crore or 2.4% from Q1 FY27.
- Profit before tax was ₹15.73 crore, up ₹9.86 crore or 168.0% year on year and down ₹2.49 crore or 13.7% from the previous quarter.
- Net profit was ₹11.75 crore and basic EPS was ₹0.25, compared with ₹4.19 crore and ₹0.09 in Q2 FY26.
- In H1 FY27, revenue rose 31.2% to ₹15.53 crore, while net profit increased 39.1% to ₹25.77 crore.
- The stock closed 0.9% higher on the reaction day from its pre-results close and was down 1.1% by the next day's close.
How did Shipping Corporation of India Land and Assets perform in Q2 FY27?
Shipping Corporation of India Land and Assets reported standalone revenue of ₹7.67 crore for Q2 FY27, against ₹6.13 crore in Q2 FY26 and ₹7.86 crore in Q1 FY27. Profit before tax was ₹15.73 crore, compared with ₹5.87 crore a year earlier and ₹18.22 crore in the previous quarter. Net profit was ₹11.75 crore, while basic EPS was ₹0.25.
Compared with Q2 FY26, revenue rose ₹1.54 crore or 25.1%, profit before tax rose ₹9.86 crore or 168.0%, and net profit rose ₹7.56 crore or 180.4%. Basic EPS increased by ₹0.16 or 177.8%. The results are standalone; no consolidated figures were given.
Against Q1 FY27, revenue fell ₹0.19 crore or 2.4%, profit before tax fell ₹2.49 crore or 13.7%, and net profit fell ₹2.27 crore or 16.2%. Basic EPS declined by ₹0.05 or 16.7%. EBITDA and EBITDA margin were not reported for the quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 7.67 | 7.86 | 6.13 | +25.1% | −2.4% |
| Other income | 20.35 | 19.95 | 21.43 | −5.0% | +2.0% |
| Total expenses | 12.29 | 9.59 | 21.69 | −43.3% | +28.2% |
| Profit before tax | 15.73 | 18.22 | 5.87 | +168.0% | −13.7% |
| Tax | 3.98 | 4.20 | 1.68 | +136.9% | −5.2% |
| Net profit | 11.75 | 14.02 | 4.19 | +180.4% | −16.2% |
| EPS (₹) | 0.25 | 0.30 | 0.09 | +177.8% | −16.7% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Shipping Corporation of India Land and Assets' costs and profit?
Total expenses fell ₹9.40 crore or 43.3% from Q2 FY26 to ₹12.29 crore. Other expenses declined ₹9.28 crore or 44.2% to ₹11.72 crore, while depreciation fell ₹0.12 crore or 17.4% to ₹0.57 crore. Employee cost and finance costs were unchanged at ₹0 crore.
Other income fell ₹1.08 crore or 5.0% from ₹21.43 crore in Q2 FY26 to ₹20.35 crore. Despite the lower other income, profit before tax rose ₹9.86 crore to ₹15.73 crore as total expenses declined. There was no exceptional item in either quarter.
Tax expense rose ₹2.30 crore or 136.9% from ₹1.68 crore in Q2 FY26 to ₹3.98 crore. Net profit consequently rose ₹7.56 crore to ₹11.75 crore, and the reported net profit margin rose from 68.4% to 153.2%, a change of 84.8 percentage points.
From Q1 FY27, total expenses rose ₹2.70 crore or 28.2%, mainly as other expenses rose ₹8.39 crore or 252.0% to ₹11.72 crore. Other income increased ₹0.40 crore or 2.0%, depreciation fell ₹0.08 crore, and tax fell ₹0.22 crore. The filing did not state a reason for the movement in other expenses.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 0 | 0 | 0 | |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0.57 | 0.69 | −0.12 | −17.4% |
| Other expenses | 11.72 | 21 | −9.28 | −44.2% |
| Total expenses | 12.29 | 21.69 | −9.40 | −43.3% |
| Other income | 20.35 | 21.43 | −1.08 | −5.0% |
| Tax | 3.98 | 1.68 | +2.30 | +136.9% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, standalone revenue was ₹15.53 crore, up ₹3.69 crore or 31.2% from ₹11.84 crore in H1 FY26. Total income rose ₹1.46 crore or 2.7% to ₹55.83 crore, while profit before tax increased ₹8.73 crore or 34.6% to ₹33.95 crore.
Net profit for H1 FY27 was ₹25.77 crore, compared with ₹18.53 crore in H1 FY26, an increase of ₹7.24 crore or 39.1%. Basic EPS rose by ₹0.15 or 37.5% to ₹0.55.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 15.53 | 11.84 | +31.2% |
| Profit before tax | 33.95 | 25.22 | +34.6% |
| Net profit | 25.77 | 18.53 | +39.1% |
| EPS (₹) | 0.55 | 0.40 | +37.5% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹3,580.02 crore, compared with ₹3,549.92 crore at 31 March 2026. Total equity increased to ₹3,030.48 crore from ₹3,004.71 crore, while cash rose to ₹34.85 crore from ₹1.61 crore. The company reported no borrowings at either balance sheet date.
Trade receivables increased to ₹6.95 crore from ₹3.54 crore, and trade payables rose to ₹18.13 crore from ₹17.54 crore. The company reported no inventories at either date. H1 FY27 operating cash flow was negative ₹0.2 crore, compared with negative ₹15.23 crore in H1 FY26.
Investing cash flow was ₹33.44 crore in H1 FY27, compared with ₹38.09 crore in H1 FY26. Capital expenditure was ₹1.18 crore against ₹0.38 crore a year earlier, while financing cash flow was ₹0 crore compared with negative ₹0.01 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 3,580 | 3,550 |
| Total equity | 3,030 | 3,005 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 34.85 | 1.61 |
| Inventories | 0 | 0 |
| Trade receivables | 6.95 | 3.54 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.20 | −15.23 |
| Cash from investing | 33.44 | 38.09 |
| Cash from financing | 0 | −0.01 |
| Capital expenditure | 1.18 | 0.38 |
Source: Company's results filing (XBRL).
How has Shipping Corporation of India Land and Assets done over the last 8 quarters?
Revenue rose year on year in each of the last three quarters. It reached ₹7.86 crore in Q1 FY27 before easing to ₹7.67 crore in Q2 FY27; the earlier peak was ₹7.86 crore and the low in the reported series was ₹4.88 crore in Q4 FY25.
Net profit reached ₹14.34 crore in Q1 FY26 before declining to ₹11.75 crore in Q2 FY27. The lowest reported result was a net loss of ₹224.37 crore in Q4 FY25, while Q4 FY26 also recorded a net loss of ₹0.84 crore. EBITDA margins were not given for the quarterly trend.
Which businesses drove the quarter?
MTI reported revenue of ₹4.95 crore in Q2 FY27, down 20.3% from ₹6.21 crore in Q2 FY26. Its EBIT was negative ₹0.71 crore, compared with negative ₹2.32 crore, and the reported EBIT margin was negative 14.3%.
OTHERS reported revenue of ₹23.07 crore, up 8.1% from ₹21.35 crore in Q2 FY26. EBIT rose to ₹16.44 crore from ₹8.19 crore, while the reported EBIT margin was 71.3%. The segment results include interest income.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| MTI | 4.95 | −20.3% | −0.71 | -14.3% |
| OTHERS | 23.07 | +8.1% | 16.44 | 71.3% |
Source: Company's results filing (XBRL segment data).
How did Shipping Corporation of India Land and Assets shares react?
The filing appeared after market hours from a base price of ₹35.11. The stock moved 1.0% after five minutes, 0.7% after 15 minutes and 0.5% after 30 minutes. It closed 0.9% above its previous close on the reaction day.
Earlier reaction-day moves were mixed: the stock fell 2.2% on 4 August 2026 and rose 1.0% on 5 May 2026. Other recorded results days included rises of 1.1% and 7.2%, and falls of 3.2%, 1.3% and 4.6%.
| After the filing | Stock | Investment Company median |
|---|---|---|
| 5 minutes | +1.0% | |
| 15 minutes | +0.7% | |
| 30 minutes | +0.5% | |
| Reaction day | +0.9% | +1.0% |
| Next day | −1.1% | +0.2% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 4 August 2026 | −2.2% |
| 5 May 2026 | +1.0% |
| 4 February 2026 | +1.1% |
| 4 November 2025 | −3.2% |
| 6 August 2025 | −1.3% |
| 6 May 2025 | −4.6% |
| 4 February 2025 | +7.2% |
| 6 November 2024 | +1.4% |
Source: MarketPing price-reaction measurement.
How did other Investment Company companies do?
Twenty Investment Company peers had filed this quarter by 4 November 2026. Their median revenue growth was 29.4%. Of the peers whose revenue growth was compared with Shipping Corporation of India Land and Assets, nine grew slower than the company and 11 grew faster.
Profit was higher for 17 of the 22 peers whose profit was compared. These figures cover the peer set available as of 4 November 2026, rather than every company in the Investment Company industry.
| Shipping Corporation of India Land and Assets revenue growth (YoY) | +25.1% |
|---|---|
| Median of 20 other Investment Company companies | +29.4% |
| Companies with slower revenue growth than Shipping Corporation of India Land and Assets | 9 of 20 |
| Companies with faster revenue growth than Shipping Corporation of India Land and Assets | 11 of 20 |
| Companies whose net profit rose | 17 of 22 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Shipping Corporation of India Land and Assets' revenue in Q2 FY27?
Revenue from operations was ₹7.67 crore, up 25.1% from ₹6.13 crore in Q2 FY26 (standalone).
Did Shipping Corporation of India Land and Assets make a profit in Q2 FY27?
Yes. Net profit was ₹11.75 crore, against a net profit of ₹4.19 crore in Q2 FY26.
What was Shipping Corporation of India Land and Assets' EPS in Q2 FY27?
Basic earnings per share were ₹0.25, against ₹0.09 in Q2 FY26.
How did Shipping Corporation of India Land and Assets shares react to the Q2 FY27 results?
On the reaction day the stock moved +0.9% from the previous close; the median Investment Company stock moved +1.0%.
When did Shipping Corporation of India Land and Assets announce its Q2 FY27 results?
On 28 October 2026, in a filing to the BSE.
Sources
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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