PSU stock in focus: Shipping Corporation rises 2.5% after company posts 21.50% of Net Profit in Q1FY26

New Delhi: Shares of state-run Shipping Corporation of India Ltd have gained around 2.5% at Rs 207.45 in the early trade of Tuesday’s trading session. This boost has been encouraged as the company has declared the first quarter financial results for FY26.

The PSU has reported a 21.50% increase in consolidated net profit of Rs 354.17 crore in Q1 FY26 as compared to Rs 291.48 crore posted in Q1 FY25. Meanwhile, the revenue from operations has been slipped off by 13.09% year on year to Rs 1,316.04 crore in the quarter ended 30 June 2025.

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The company has reported the total expenses to Rs 1,107.22 crore, down by 12.45% in Q1FY26.

The Revenue from Liner on segmental front stood at Rs 200.87 crore, down by 7.96% YoY, revenue from bulk carriers stood at Rs 132.64 crore with a downfall by 47.09% YoY, revenue from tankers stood at Rs 913.28 crore, down by 6.83% YoY and revenue from technical & offshore stood at Rs 72.33 crore, down by 6.44% YoY, during the quarter.

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Further, the Shipping Corporation of India is working on a plan to purchase 26 India-made ships for Rs19,820 crore ($2.3 billion) as part of a government initiative to boost the domestic shipbuilding industry, according to sources.

The stock opened today at Rs 203.69 and reached an intraday high of Rs 213.73 at BSE. The market capitalization of the company is at Rs 9.66K crore. The 52-week high of the stock is at Rs 288.75 and P/E ratio is 11.45. The stock has been corrected over by 24.59% in the past six months.

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