Shipping Corporation of India Declares Second Interim Dividend for FY26 Amid Strong Q3FY26 Profit Growth

The Shipping Corporation of India board has cleared a second interim dividend of Rs 3.5 per share for FY26. The payout equals 35% of the face value of each equity share. According to the regulatory filing, the distribution is expected to result in a cash outflow of about Rs 163.03 crore for the Navratna PSU.

This second interim dividend adds to shareholder returns after a strong improvement in earnings. The company has stated that the dividend will be remitted within the statutory time frame. The payment will be made only to investors recorded as eligible shareholders as on the notified record date set by the board.

Shipping Corporation of India reported a sharp rise in profitability for Q3FY26. Net profit climbed 436% to Rs 404.97 crore, compared with Rs 75.52 crore in Q3FY25. Revenue from operations for the quarter ended 31 December 2025 increased 22.5% year-on-year to Rs 1,611.67 crore, while profit before tax jumped to Rs 426.93 crore.

Profit before tax in Q3FY26 was higher by 409.89% against Rs 83.73 crore a year earlier. The improved operating numbers provide additional support for the latest dividend decision. For finance readers, these figures highlight stronger margins and better utilisation across the shipping portfolio, after a softer performance during the previous financial year.

Particulars	Details
Dividend type	Second interim dividend
Financial year	FY26
Dividend amount	Rs 3.5 per equity share (35%)
Estimated total outflow	About Rs 163.03 crore
Record date	Tuesday, 17th February 2026

"The Board has also fixed Tuesday, 17th February 2026 as the "Record Date" for the purpose of ascertaining the eligibility of shareholders for payment of Second Interim Dividend. The said Second Interim Dividend would be paid within 30 days from the date of its declaration," Shipping Corporation of India confirmed in a regulatory filing.

"Shareholder(s) are kindly requested to update/ submit details for TDS on dividend to Registrar and Transfer Agent of the Company viz. Alankit Assignments Limited at [email protected] on or before Tuesday, 17th February 2026. No communication on the tax determination/deduction of tax at lower rates shall be entertained after Tuesday, 17th February 2026. It is further informed that in case tax on dividend is deducted at a higher rate in the absence of requisite details/ documents, refund of the excess tax paid may still be claimed by shareholders at the time of filing of income tax return. However, no claim shall lie against the Company for such taxes deducted. Further, shareholders will be able to see the credit of TDS in Form 26AS, which can be downloaded from their e-filing account at Income Tax portal," Shipping Corporation of India has confirmed in a statement.

These tax-related instructions are important for investors tracking net post-tax yield from the dividend. Shareholders who want lower TDS need to send required documents to Alankit Assignments Limited. The company has clarified that any higher deduction can only be adjusted later through the income tax return process, not by direct claims on Shipping Corporation of India.

Shipping Corporation of India target price and market view

"Shipping Corporation stock price is bearish on the Daily charts with strong resistance at 235. A Daily close below support of 217 could lead to a target of 195 in the near term," commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.

Based on this view, traders may watch levels of Rs 235 and Rs 217 closely. The commentary suggests limited upside unless resistance is crossed on closing basis. Any sustained move below the identified support band could signal near-term downside, despite stronger quarterly earnings and the announced dividend.

Founded in 1961 and headquartered in Mumbai, Shipping Corporation of India operates as a Navratna public sector enterprise. The company manages a diversified fleet across various shipping segments. As a central public sector undertaking, it plays a key role in India’s maritime logistics network and is closely tracked by institutional and retail investors.

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The latest second interim dividend, combined with a sharp jump in Q3FY26 profit, places Shipping Corporation of India in focus for income and earnings analysis. Investors will track how freight markets, operating metrics and future board decisions affect cash flows, tax-adjusted yields and share price behaviour around the 17th February 2026 record date.