The Shipping Corporation of India (SCI) shares rose sharply on October 5, 2026, driven by positive profit forecasts and fleet expansion plans. The company, India's largest shipping firm and a Navratna public sector undertaking (PSU), expects to achieve a profit after tax (PAT) of ₹2,000 crore for the current fiscal year, according to Union Minister Sarbananda Sonowal.
- SCI shares jumped up to 9.34% to reach ₹292 on the NSE.
- The company reported a standalone PAT of ₹1,352.92 crore for FY26.
- SCI plans to add 30 vessels and 51 container ships to its fleet.
- Current fleet size stands at 58 vessels.
- Strong first-quarter performance with PAT exceeding ₹600 crore.
Why Did SCI Shares Rally on October 5, 2026?
SCI shares rallied due to strong profit expectations and fleet expansion announcements. The company’s forecast to post a PAT of ₹2,000 crore this fiscal year exceeded market expectations, encouraging investors to buy the stock. The positive outlook was reinforced by the company’s robust first-quarter results, where it already achieved over ₹600 crore in PAT.
What Are SCI’s Recent Financial Highlights?
For the fiscal year 2025-26, SCI reported a standalone PAT of ₹1,352.92 crore on operating revenue of ₹5,778.1 crore. This marked an improvement from the previous year’s PAT of ₹1,326 crore. The strong financial performance reflects SCI’s efficient operations and growing demand in the shipping sector.
How Is SCI Planning to Expand Its Fleet?
Union Minister Sarbananda Sonowal revealed that SCI intends to induct 30 new vessels along with 51 container ships to strengthen its fleet. Currently, SCI operates 58 vessels. The expansion aims to enhance the company’s shipping capacity and service offerings, positioning SCI for future growth in domestic and international markets.
What Is the Significance of SCI’s Fleet Expansion?
Increasing the fleet size allows SCI to handle more cargo and improve operational efficiency. The addition of container vessels is particularly important given the rising demand for containerized shipping. This strategic move is expected to boost SCI’s revenue and profitability over the coming years.
What Did Union Minister Sarbananda Sonowal Say About SCI’s Performance?
At SCI’s 65th Foundation Day celebration, Minister Sonowal highlighted the company’s strong financial results and growth plans. He emphasized that SCI’s profit margins have improved significantly and expressed confidence that the company will surpass the ₹2,000 crore PAT mark this fiscal year. He also stressed the government’s support for SCI’s fleet expansion initiatives.
Frequently Asked Questions
Q: What is the expected profit after tax for SCI in the current fiscal year?
A: SCI expects to deliver a profit after tax of ₹2,000 crore in the current fiscal year.
Q: How many vessels does SCI currently operate?
A: SCI currently operates a fleet of 58 vessels.
Q: What are the plans for fleet expansion?
A: SCI plans to induct 30 new vessels and 51 container ships to expand its fleet.
Q: How did SCI perform financially in FY26?
A: SCI reported a standalone profit after tax of ₹1,352.92 crore on operating revenue of ₹5,778.1 crore for FY26.
