Shipping Corporation of India’s net profit more than tripled in the second quarter of FY27, powered by surging freight collections across its commercial tanker fleet. Net profit leaped to ₹578 crore from ₹189 crore in the corresponding period last year, according to regulatory filings submitted to the exchanges. Revenue from operations climbed 71.1% to ₹2,291 crore against ₹1,338.8 crore in Q2 FY26.
Cash flow generation accelerated across every operational gauge. Earnings before interest, tax, depreciation, and amortisation (EBITDA) more than doubled to ₹903 crore from ₹406 crore. Operating margins widened sharply. EBITDA margin expanded 910 basis points to 39.4% from 30.3% a year earlier, reflecting tighter cost containment and higher charter realizations across international routes.
Crude and product tankers anchored the quarterly haul. Segment revenue from tankers climbed 84.5% to ₹1,582.15 crore compared to ₹857.58 crore in the second quarter of the previous fiscal year, generating two-thirds of the enterprise's gross segment turnover. Total consolidated segment revenue reached ₹2,371 crore, up from ₹1,436.16 crore.
| Segment | Q2 FY27 Revenue (₹ Cr) | Q2 FY26 Revenue (₹ Cr) | Trend |
|---|---|---|---|
| Tanker | 1,582.15 | 857.58 | Up 84.5% |
| Liner | 368.96 | — | Expanded |
| Bulk Carrier | 272.35 | — | Expanded |
| Technical & Offshore | 77.75 | — | Expanded |
| Unallocable | 69.79 | 90.98 | Down 23.3% |
Bulk carriers and liner fleets also bolstered the books. The liner division registered ₹368.96 crore in revenue, while bulk carrier operations brought in ₹272.35 crore. Technical and offshore marine engineering services yielded ₹77.75 crore. In contrast, unallocable revenue shrank to ₹69.79 crore from ₹90.98 crore in Q2 FY26.
The board converted operational cash flow into immediate shareholder returns. Directors declared an interim dividend of ₹4 per equity share on a face value of ₹10—a 40% payout—for the financial year 2026-27. The board fixed November 16, 2026, as the definitive record date to determine shareholder dividend eligibility.
Bulls had accumulated stock ahead of the numbers. Shipping Corporation of India shares climbed 4.04% to settle at ₹269.50 on November 4, adding ₹10.47 in Mumbai trading ahead of the evening filing. The public sector shipping line has now gained 17.45% calendar year-to-date, up ₹40.04 as institutional positions expanded.