Shipping Corp shares rocket 14% after Q3 profit balloons 440%. Check details

Shares of Shipping Corporation of India (SCI) rallied as much as 14% to an intraday high of Rs 253 on the BSE on Monday after the company reported a staggering 440% jump in net profit for the third quarter of FY26.

Net profit for the quarter rose to Rs 405 crore, sharply higher than Rs 75.52 crore reported in the corresponding quarter last year.

Revenue from operations stood at Rs 1,612 crore, marking a 22.5% increase from Rs 1,316 crore in the year-ago period, the company said in an exchange filing.


The tanker segment led the performance, with revenue rising 34% to Rs 1,097 crore, while operating profit (earnings before interest and taxes, or EBIT) surged 389% year-on-year. The bulk carrier segment also posted strong growth, with revenue climbing to Rs 237.51 crore from Rs 147 crore in the corresponding quarter of the previous financial year.

The liner segment reported revenue of Rs 206 crore, lower than the Rs 281 crore posted a year earlier. Meanwhile, the technical and offshore segment generated revenue of Rs 79 crore, up from Rs 64 crore in the same quarter last year.

In addition to the results, the board declared a second interim dividend of Rs 3.50 per equity share of face value Rs 10 (35%) for FY26. The record date to determine shareholder eligibility has been fixed as Tuesday, February 17, 2026, and the dividend will be paid within 30 days of declaration.

Last month, SCI invited bids to acquire eight new very large gas carriers (VLGCs). According to an expression of interest (EOI) document floated earlier this month, six of these vessels must be built domestically, while two may be delivered by international shipyards.

The company also said that bidders from countries sharing a land border with India will be eligible to participate only if registered with the competent authority. SCI reiterated that Press Note 3 restrictions—aimed at curbing Chinese investment and participation in sensitive tenders, will apply to the bidding process.

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