Shipping Corporation of India Land and Assets LimitedQ1 FY27 Results & Financial Update
Shipping Corporation of India Land and Assets Limited: Q1 FY27 standalone results and company financials – revenue ₹27.81 Cr, PAT ₹14.02 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Shipping Corporation of India Land and Assets Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Shipping Corporation of India Land and Assets Limited reported total revenue of INR 27.81 crore for the quarter ended 30 June 2026, combining operating revenues from training services and other property income.
Profit before tax (PBT) for the quarter stood at INR 18.22 crore, supported by robust other income contributions of INR 19.95 crore.
Net profit after tax (PAT) for Q1 FY27 reached INR 14.02 crore, translating to a basic and diluted earnings per share (EPS) of INR 0.30.
Total expenses for the quarter were contained at INR 9.59 crore, comprising INR 5.61 crore toward cost of services rendered, INR 0.65 crore in depreciation and amortization, and INR 3.33 crore in other operating expenses.
Tax expense for the period was recorded at INR 4.20 crore, comprising current tax of INR 4.80 crore offset by a deferred tax reversal of INR 0.60 crore.
Segment reporting highlights that while the Maritime Training Institute recorded a segment loss before interest and tax of INR 3.76 crore, the 'Others' segment generated a strong segment result of INR 21.98 crore, driving overall profitability.
The company's board of directors reviewed and approved the standalone financial results during their meeting on 4 August 2026, receiving an unmodified limited review report from statutory auditors A. T. Jain & Co.
01 · Business model
What does Shipping Corporation of India Land and Assets do?
Shipping Corporation of India Land and Assets Limited (SCILAL) operates primarily across two distinct business segments: Maritime Training Institute (MTI) operations and non-core asset holding/rental operations.
The Maritime Training Institute segment generates operating income through specialized maritime training fees, imparting professional education and certifications to industry participants.
The 'Others' segment primarily comprises investment property operations that earn steady rental income alongside interest income derived from surplus cash and deposits.
SCILAL was unbundled and established as a separate corporate entity to hold and monetize non-core real estate and land assets originally housed under The Shipping Corporation of India Limited.
02 · Historical context
What shaped the business before this quarter
On 6 July 2026, the company received a 'NIL' comment from the Comptroller & Auditor General of India (C&AG) following their supplementary audit of the financial statements for the year ended 31 March 2026.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹27.81 Cr |
| Total income | ₹27.81 Cr |
| Profit before tax | ₹18.22 Cr |
| Profit after tax | ₹14.02 Cr |
| EPS | ₹0.30 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 50.4% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 65.5% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Total revenue of INR 27.81 crore was driven by INR 5.24 crore from the Maritime Training Institute (MTI) segment and INR 22.57 crore from the 'Others' segment comprising investment property rentals and interest.
Other income stood at INR 19.95 crore for the quarter, forming a major component of the total income pool.
What drove margins
Cost of services rendered was contained at INR 5.61 crore, lower than the preceding quarter's INR 6.54 crore but higher than INR 4.95 crore in the corresponding quarter of the previous year.
Other expenses moderated sharply to INR 3.33 crore compared to INR 19.58 crore in the preceding quarter ended 31 March 2026.
PAT margin for the quarter stood at 50.41%, reflecting high operational leverage inherent in asset-holding and rental business models.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Generated segment revenue of INR 5.24 crore with a segment loss before tax and interest of INR 3.76 crore.
Generated segment revenue of INR 22.57 crore and a segment result of INR 21.98 crore before tax and interest.
06 · Reported developments
What changed operationally
Statutory auditors issued an unmodified limited review report on the standalone financial results for Q1 FY27.
Received a clean 'NIL' comment from the C&AG for the FY 2025-26 annual accounts.
07 · Pressure points & risks
What is not going smoothly
The Maritime Training Institute segment registered a segment loss before interest and tax of INR 3.76 crore during the quarter.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
The company follows a practice of seeking balance confirmations for trade receivables, trade payables, and deposits, with management noting that ongoing reconciliations are not expected to cause material financial variances.
Capital allocation & funding
Finance costs for the quarter were negligible at nil, reflecting a debt-free capital structure on a standalone basis.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Board Meeting Timeline
The board meeting held on 4 August 2026 commenced at 1500 hours IST and concluded at 1600 hours IST.
10 · Previous-quarter changes
What changed since the previous quarter
The company swung from a net loss of INR 0.08 crore in Q4 FY26 to a net profit of INR 14.02 crore in Q1 FY27, aided by normalization in other expenses.
11 · Key Q&A
The quarter, answered directly
What does Shipping Corporation of India Land and Assets do?
Shipping Corporation of India Land and Assets Limited (SCILAL) operates primarily across two distinct business segments: Maritime Training Institute (MTI) operations and non-core asset holding/rental operations.
What is the clearest takeaway from Q1 FY27?
Shipping Corporation of India Land and Assets Limited reported total revenue of INR 27.81 crore for the quarter ended 30 June 2026, combining operating revenues from training services and other property income.
What drove revenue or demand?
Total revenue of INR 27.81 crore was driven by INR 5.24 crore from the Maritime Training Institute (MTI) segment and INR 22.57 crore from the 'Others' segment comprising investment property rentals and interest.
What mattered most for margins or profitability?
Cost of services rendered was contained at INR 5.61 crore, lower than the preceding quarter's INR 6.54 crore but higher than INR 4.95 crore in the corresponding quarter of the previous year.
What changed operationally beyond the headline numbers?
The board meeting held on 4 August 2026 commenced at 1500 hours IST and concluded at 1600 hours IST.
What are the main pressure points disclosed for the quarter?
The Maritime Training Institute segment registered a segment loss before interest and tax of INR 3.76 crore during the quarter.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Asset Monetization Progress: Continued monitoring of rental yields and utilization rates across investment properties and non-core real estate assets.
- 02
Training Institute Performance: Tracking revenue growth and operating cost efficiency within the Maritime Training Institute division.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.