Annual Financial Results

Shreeji Shipping Global Delivers Transformational FY26 with 21% Revenue Growth, Fleet Expansion and Entry into Coastal Logistics

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Shreeji Shipping Global reported a strong FY26 performance with revenue rising 21.45% to ₹709.38 crore and EBITDA growing 26.81% to ₹243.03 crore. The year was marked by significant fleet expansion, approval under the Tonnage Tax Scheme, entry into coastal cargo movement, and expansion into Eastern India, strengthening the company’s integrated maritime logistics platform.

PRICE-SENSITIVE TRIGGER

Event: FY26 Audited Financial Results and Strategic Business Update

Type: Annual Financial Results & Business Expansion

Impact: Positive

Immediate Effect: The company delivered double-digit growth across revenue and operating profitability while expanding its fleet, entering new logistics segments, and improving long-term earnings visibility through strategic initiatives.

Key Metrics:

Revenue from Operations: ₹709.38 crore (+21.45% YoY)
EBITDA (Excluding Exceptional Items): ₹243.03 crore (+26.81% YoY)
EBITDA Margin: 34.26% (up 145 bps YoY)
Profit Before Exceptional Items & Tax: ₹197.47 crore (+23.28% YoY)
Net Profit (PAT): ₹152.70 crore
Total Comprehensive Income: ₹154.20 crore
EPS (Basic & Diluted): ₹9.75
Interim Dividend: ₹1 per equity share

Highlight:

EBITDA increased 26.81% to ₹243.03 crore while EBITDA margin expanded to 34.26%, reflecting improved operating efficiency and scale benefits.

What Happened ?

Shreeji Shipping Global announced its audited FY26 financial results, reporting strong revenue and profitability growth. The company simultaneously completed several strategic initiatives including fleet expansion, approval under the Tonnage Tax Scheme, commencement of coastal cargo movement operations, and expansion into Eastern India.

The company continued strengthening its position as an integrated shipping and maritime logistics platform focused on dry bulk cargo handling, fleet operations, coastal logistics, and port services.

Key Details

Strategic Transformation and Fleet Expansion:

Revenue crossed ₹700 crore for the first time, reaching ₹709.38 crore.
Received Income Tax Department approval under the Tonnage Tax Scheme for eligible inland vessels.
Entered coastal cargo movement through wholly owned subsidiary Shreeji Global IFSC Pvt. Ltd.
Coastal operations commenced through MV SJ LILY under a time charter arrangement.
Expanded operations toward Eastern India through floating crane lighterage activities at Syama Prasad Mookerjee Port, Kolkata.
Owned fleet expanded significantly across key asset classes.
Self-propelled barge fleet increased to 63 vessels, among the largest midstream lighterage fleets in India.
Mini Bulk Carriers increased from 5 to 13 vessels.
Tug fleet increased from 8 to 11 vessels.
Floating crane fleet increased from 7 to 9 units.
Added one coastal vessel during FY26.
Added more than 35 earthmoving and shore-handling units during the year.
Three additional mini bulk carriers are scheduled for delivery in Q1–Q2 FY27.
Two of the incoming vessels will have all-weather operational capability, improving fleet utilization and revenue continuity.

Note:

Management views FY26 as a transformational year that strengthened the company’s asset-backed logistics model and positioned it for sustained growth in coastal logistics, cargo handling, and maritime services.

Risk Analysis

Summary:

Despite strong operating momentum, the company remains exposed to shipping industry cycles, cargo volume fluctuations, regulatory developments, fleet utilization risks, and coastal logistics execution challenges.

Key Risks:

Maritime logistics business remains sensitive to cargo demand and trade activity.
Fleet expansion requires sustained vessel utilization to generate targeted returns.
Coastal movement operations are still in an expansion phase.
Weather disruptions may impact vessel deployment and cargo movement.
Capital investments in fleet additions require disciplined execution and utilization.

Worst Case Scenario:

A slowdown in cargo movement, lower fleet utilization, operational disruptions, or weaker maritime demand could impact revenue growth and margin sustainability despite the expanded asset base.

Risk Level: Medium

Company Commentary

FY26 was described as a defining year for Shreeji Shipping.
Revenue growth exceeded 21% while operating profit increased over 23%.
The company completed one of its largest fleet investment phases.
Approval under the Tonnage Tax Scheme is expected to improve long-term tax efficiency, profitability, and cash flows.
Entry into coastal cargo movement represents a major strategic step toward becoming a comprehensive maritime logistics company.
Eastern India expansion and future fleet additions are expected to support sustainable long-term growth and shareholder value creation.
Management remains focused on scaling integrated shipping and logistics operations across India and international markets.

Official Exchange Filing: Shreeji Shipping Global Limited