Shipping Corporation of India Land and Assets LimitedQ2 FY27 Results & Financial Update

Shipping Corporation of India Land and Assets Limited: Q2 FY27 standalone results and company financials – revenue ₹28.02 Cr, PAT ₹11.75 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: SCILALPublished 28 Oct 2026Updated 28 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹28.02 CrReported Q2 FY27
Profit after tax₹11.75 CrReported Q2 FY27
Sequential change-16.2%Quarter-on-quarter

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Quarterly Results AnalysisExplore Shipping Corporation of India Land and Assets Q2 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

01

Shipping Corporation of India Land and Assets Limited reported standalone revenue from operations of INR 28.02 crore for the quarter ended September 30, 2026, marking a sequential expansion compared to the preceding quarter ended June 30, 2026.

02

Total income for Q2 FY27 matched the operating revenue figure at INR 28.02 crore, supported by underlying rental and asset yield streams.

03

Profit before tax (PBT) stood at INR 15.73 crore for the quarter, reflecting sequential moderation from the previous period's level alongside shifts in operating and non-operating income components.

04

Net profit after tax (PAT) came in at INR 11.75 crore, resulting in a reported basic and diluted earnings per share (EPS) of INR 0.25 for the quarter.

05

Total tax expense for the period was recorded at INR 3.98 crore, reflecting the statutory provisions applicable to the company's taxable income streams.

06

Depreciation and amortization expenses for Q2 FY27 were modest at INR 0.57 crore, while finance costs remained at zero, indicating a debt-free capital structure during the quarter.

07

Other income constituted a significant part of the financial profile at INR 20.35 crore, highlighting the contribution of treasury and investment returns to the bottom line alongside core operating realizations.

01 · Business model

What does Shipping Corporation of India Land and Assets do?

Shipping Corporation of India Land and Assets Limited (SCILAL) operates as a specialized corporate entity focused on the holding, management, and monetization of non-core real estate and land assets demerged from the Shipping Corporation of India (SCI).

The company's primary business model centers around extracting economic value from heritage properties, non-operating land parcels, and specialized maritime infrastructure assets transferred under the approved scheme of arrangement.

Revenue streams predominantly comprise lease rentals, property management income, and returns generated from financial investments and treasury assets held on its balance sheet.

The operational footprint aligns with the geographic locations of the demerged real estate portfolio, positioning the company as a distinct asset-holding vehicle in the Indian corporate landscape.

02 · Financial snapshot

Current quarter vs the available comparable

MetricQ2 FY27Previous quarter
Revenue from operations₹28.02 Cr₹27.81 Cr
Total income₹28.02 Cr₹27.81 Cr
Profit before tax₹15.73 Cr₹18.22 Cr
Profit after tax₹11.75 Cr₹14.02 Cr
EPS₹0.25₹0.30

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 41.9% 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.

Pre-tax earnings

Profit before tax was equivalent to 56.1% 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.

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Core Operational Revenue

Generated INR 28.02 crore in operating revenue during Q2 FY27, demonstrating stable sequential top-line generation.

Treasury and Other Income Support

Contributed INR 20.35 crore in other income alongside INR 40.30 crore in reported interest income components during the quarter, bolstering overall financial inflows.

What drove margins

Cost Structure and Zero Debt

Maintained zero finance costs during Q2 FY27, insulating profit margins from debt servicing pressures.

Depreciation Management

Recorded a minimal depreciation charge of INR 0.57 crore, reflecting the non-heavy capital-expenditure nature of asset holding and management operations.

Taxation Impact

Incurred a tax charge of INR 3.98 crore against a PBT of INR 15.73 crore, establishing an effective tax rate commensurate with corporate earnings.

04 · Reported developments

What changed operationally

Stable Earnings Generation

Delivered a profitable quarter with PAT of INR 11.75 crore and basic EPS of INR 0.25.

05 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Capital allocation & funding

Debt-Free Operations

Reported zero finance costs for Q2 FY27, confirming the absence of external borrowings on the standalone balance sheet.

06 · Previous-quarter changes

What changed since the previous quarter

Sequential Revenue Progression

Operating revenue moved from the Q1 FY27 baseline to INR 28.02 crore in Q2 FY27.

Sequential Profit Movement

PAT adjusted sequentially from Q1 FY27 to INR 11.75 crore in Q2 FY27 alongside varying tax and other income components.

07 · 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 as a specialized corporate entity focused on the holding, management, and monetization of non-core real estate and land assets demerged from the Shipping Corporation of India (SCI).

What is the clearest takeaway from Q2 FY27?

Shipping Corporation of India Land and Assets Limited reported standalone revenue from operations of INR 28.02 crore for the quarter ended September 30, 2026, marking a sequential expansion compared to the preceding quarter ended June 30, 2026.

What drove revenue or demand?

Generated INR 28.02 crore in operating revenue during Q2 FY27, demonstrating stable sequential top-line generation.

What mattered most for margins or profitability?

Maintained zero finance costs during Q2 FY27, insulating profit margins from debt servicing pressures.

What should the next disclosure help confirm?

Future disclosures regarding the monetization, leasing, or development status of demerged real estate parcels.

08 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

09 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Asset Monetization Progress: Future disclosures regarding the monetization, leasing, or development status of demerged real estate parcels.

  2. 02

    Treasury Yields: Tracking the sustainability and yields of interest income and other income components supporting overall profitability.

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Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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