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Shipping Corporation Q2 profit drops 39% to ₹176 crore; declares ₹3 interim dividend
Shipping Corporation’s Q2 profit fell 39% to ₹176 crore; declared ₹3 per-share interim dividend amid weak global freight demand.
Shipping Corporation of India posted a second-quarter net profit of ₹176 crore, marking a 39 percent year-on-year decline, primarily due to lower freight realizations and subdued chartering rates. Revenue growth moderated as global shipping demand remained uneven. The company’s board approved an interim dividend of ₹3 per share for FY26. Operating margins were affected by elevated vessel maintenance costs and volatile crude-linked freight indices.
Management continues focusing on fleet modernization and strategic asset optimization to maintain profitability.