Shipping Corporation of India Share Price Drops 8% On Weak Q2 FY26 Earnings Results

Shares of the Shipping Corporation of India Ltd. (SCI), a state-run enterprise, dropped sharply on November 10, 2025, following weak earnings for the September quarter. The stock fell 8.5% to ₹243.8 intraday after the company reported a significant decline in profit and overall performance.

Significant Profit and Margin Decline Impact SCI Stock

SCI posted a 35% year-on-year fall in net profit, which dropped to ₹189 crore in Q2 FY26 from ₹291 crore in the previous year’s corresponding quarter. Revenue also took a hit, decreasing by 7.7% to ₹1,338.8 crore from ₹1,450.7 crore. The company's EBITDA came in at ₹406 crore, reflecting a 23.7% decline. Moreover, its EBITDA margin dropped by more than 600 basis points, from 36.7% to 30.3%.

Segment-wise Revenue Declines Across the Board

The company experienced revenue pressure in all key segments. The liner segment revenue decreased to ₹214 crore from ₹298 crore, while the bulk segment fell slightly to ₹201 crore from ₹214 crore. The tanker segment also witnessed a drop, reporting ₹858 crore compared to ₹885 crore a year earlier. These declines underline a broad-based slowdown in operations during the quarter.

Read More: Adani Ports Q2 FY26 Results: Net Profit Rises 29% to ₹3,120 Crore as Revenue Grows 30%!

Fleet Expansion Amid Operational Headwinds

Despite weaker financials, SCI enhanced its presence in the energy transport segment by inducting 2 new gas carriers, “Sahyadri” and “Shivalik”. These vessels will operate on the Persian Gulf to India route and are expected to support long-term strategic growth. The company’s cash and liquid mutual funds stood at ₹1,875 crore at the end of Q2.

The Shipping Corporation of India Share Price Performance

On November 10, 2025, the Shipping Corporation of India share price opened at ₹259.05 on NSE, below the previous close of ₹266.45. During the day, it surged to ₹259.50 and dipped to ₹243.30. The stock is trading at ₹250.85 as of 10:45 AM. The stock registered a significant decline of 5.85%.

Over the past week, it has moved up by 0.26%, over the past month, it has moved up by 12.93%, and over the past 3 months, it has moved up by 27.75%.

Conclusion

Shipping Corporation of India witnessed a sharp stock decline after reporting poor Q2 results, with lower profits, shrinking revenues and thinner margins. While recent vessel additions show a forward-thinking strategy, the present financial performance has weighed down investor sentiment.

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