Shipping Corporation pays Rs 3 per share as dividend and sets November 19 as record date

Shipping Corporation of India (SCI) on Friday declared a dividend of Rs 3 per share for FY26 and set November 19 as the record date. The interim dividend will be paid within 30 days from the date of its determination.The announcement was made along with the company’s quarterly results in September, where the company reported a consolidated profit of Rs 189 crore versus Rs 291 crore in the same period last year, a decline of 35%. Profit after tax (PAT) fell 47% on a sequential basis, compared to the reported Rs 354 crore in Q1FY26.

SCI’s operating revenue stood at Rs 1,339 crore, down nearly 8% from Rs 1,451 crore in the corresponding quarter of the last fiscal. However, revenue grew 1.7% quarter-on-quarter against Rs 1,316 crore in the April-June quarter of FY26.Also read: PFC declares second interim dividend of Rs 3.65/share and sets November 26 as record date

Segment revenue

— Liner: Revenue stood at Rs 213 crore in Q2FY26, up from Rs 201 crore in Q1FY26 and Rs 298 crore in Q2FY25.

— Bulk carrier: Revenue stood at Rs 201 crore in Q2FY26, up from Rs 133 crore in Q1FY26 and Rs 214 crore in Q2FY25.

– Tanker: Revenue was Rs 858 crore in Q2FY26 versus Rs 913 crore in Q1FY26 and Rs 885 crore in Q2FY25.

– Technical and Offshore: Revenue stood at Rs 74 crore in Q2FY26, up from Rs 72 crore in Q1FY26 and Rs 70 crore in Q2FY25.

Total expenses reported by the company stood at Rs 1,235 crore, compared to Rs 1,107 crore in Q1FY26 and Rs 1,195 crore in Q2FY25. The expenses were made under the headings ‘Costs of services provided’, ‘Personnel costs’ and financing costs.

Shares of SCI ended in the green today, rising 2.1% to close at Rs 265.95 on the NSE. The PSU stock has been in great form over the past six months, delivering returns of Rs 57%, against over 4% and 3% returns of Nifty and the BSE Sensex respectively.

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