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Revenue
₹1,513 Cr
verified against source
Revenue YoY
3.3%
reported change
EBITDA
₹2,633 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
SCI delivered its highest-ever consolidated PBT of ₹1,423 crore, up 67% YoY, driven by a robust tanker segment (PBT up 75% to ₹1,190 crore) amid elevated freight rates due to Middle East conflict. Standalone PAT rose to ₹1,326 crore (vs ₹814 crore). Revenue grew modestly 3.3% to ₹5,778 crore as some vessels were stuck in the Strait of Hormuz, deferring revenue recognition. The company maintains a strong balance sheet with net worth of ₹8,489 crore and debt-equity of 0.29. Management guided for fleet expansion via JVs (oil PSUs and Bharat Container Line) targeting 110+ vessels over 5-20 years, with an IRR threshold of 10-12%. Near-term, elevated spot rates and release of stuck vessels should boost Q1 FY27 earnings. Key risk: a rapid de-escalation of the Middle East conflict could sharply reduce tanker rates and earnings.
Colored figures show movement against the previous available record.
Guidance to track
- Demand aggregation for 59 vessels identified; JV under ministry consideration.
- JV with CONCOR and ports; SCI to hold ~30% stake; vessels to be added over 5 years up to 2047.
- Management targets 10-12% IRR on new projects; will not proceed if below threshold.
- Will purchase secondhand vessels in near term and order new builds in India for delivery in 2+ years.
Risks flagged
- A rapid resolution could cause tanker rates to fall sharply, reducing earnings from spot-exposed vessels.
- Four vessels remain stuck, unable to trade freely; revenue recognition deferred and potential loss if situation worsens.
- Elevated tanker rates have pushed secondhand and newbuild prices higher, risking poor returns if acquired at cycle peak.
- Oil & gas JV still under ministry consideration; no timeline provided, delaying fleet expansion benefits.
Key quotes
- We have delivered a momentous performance this year despite global market volatility and mixed freight trends across segments.
- The tanker market is definitely very very high but the cargos are very few.
- We look for at least a 10 to 12% range of IRR.
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