Shreeji Shipping Global Limited (SHREEJISPG) Q2 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch
Shreeji Shipping Global is a stevedoring, lighterage and port-handling company whose earnings ride on dry-bulk cargo volumes at Indian ports, mainly along the Gujarat coast. This print will speak to whether margins stabilised after diesel costs compressed Q1 FY27, and whether the Kolkata floating-crane launch and new contracts added revenue inside the quarter.
| Results date | November 14, 2026 |
|---|---|
| Quarter | Q2 FY 2026-2027 |
| Previous quarter revenue | Rs. 208.85 Cr (Rs. 2,088.49 Mn), +29.56% YoY |
| Previous quarter PAT | Rs. 44.29 Cr (Rs. 442.86 Mn), +19.03% YoY |
| Market cap | Rs. 14,838.59 Cr |
| CMP | Rs. 910.8 |
Shreeji Shipping Global Limited Q2 Results Date and Time
The Board of Directors will meet on Saturday, November 14, 2026, to approve unaudited standalone and consolidated Q2/H1 FY27 results and consider sub-division of each Rs. 10 equity share, subject to shareholder and regulatory approvals. The trading window has been closed since October 1, 2026 until 48 hours after results declaration.
What to expect from Shreeji Shipping Global Limited's Q2 FY27 results
The quarter's central test is the margin bridge: Q1 FY27 EBITDA margin of 29.54% compressed 760 bps YoY on diesel prices, with the fuel-dominated cost line at 65.26% of revenue versus 56.72% a year ago, but retail diesel held in a tight Rs. 94.08-94.49/litre band in Delhi through early September before standing at Rs. 95.20/l on 17-Sep, so the sequential fuel spike appears to have stalled.
The demand backdrop was firm where the company operates, with India's port volumes up 7% YoY in August, coal throughput up 6% YoY, and utilities' coal imports at a 15-month high of 5.52 mn tons (+85.6% YoY), supportive for the cargo-handling stream that contributed Rs. 5,269.85 Mn (74%) of FY26 revenue.
Milestone execution converges on this window: Kolkata floating-crane lighterage was guided three ways (from Q1 FY 2027, full-fledged in Q3 FY 2027, and second quarter / early third quarter of FY 2027), while the FY26 annual report already states four new mini bulk carriers delivered, keeping the all-weather MBC count on path to double to 4 by Q3 FY 2027.
The Rs. 251.18 Cr Supramax vessel allocation remained 0% utilized at June 30, 2026, parked in fixed deposits earning 7.15-7.65%, and management has said it will not be hurried into deploying this capital. The call should also be probed for any update on the admiralty suit, where the claim was revised to Rs. 6,289.27 Mn with Rs. 471.55 Mn bank guarantees furnished and no public development found since the Q1 FY27 filing.
Key Things To Watch
Margin trajectory vs diesel costs: Q1 FY27 margins compressed on higher diesel prices and operating costs.
- Q2 EBITDA margin (company definition, incl. other income) vs Q1's 29.54% and FY26's 34.26%
- Share of fuel cost contractually passed through — the stated mitigation is "contract structures and operating efficiency"
Supramax capex deployment (Rs. 251.18 Cr)
- Rs. 251.18 Cr Supramax allocation still 0% utilized as of June 30, 2026, delayed vs the Fiscal 2026 timeline
- Watch for a revised timeline or a change-of-objects proposal; unutilized Rs. 2,512.10 Mn sits in fixed deposits at 7.15-7.65%
- Management: "We will not be hurried into deploying this capital… we would rather deploy your capital rightly than quickly"
Kolkata floating-crane commencement and MBC deliveries
- Reconcile the three divergent guided timelines for Syama Prasad Mookerjee Port, Kolkata — "from Q1 FY 2027" (MD&A), "full-fledged in Q3 FY 2027" (segment section), "second quarter / early third quarter of FY 2027" (Chairman's letter)
- Confirm the three MBC deliveries due by H1 FY 2027 landed; the FY26 annual report already states four new MBCs delivered
- All-weather MBC count on path to double to 4 by Q3 FY 2027, with two more under construction
New contracts: Sanegaon Jetty and AMNS charter
- Sanegaon Jetty (Raigad) exclusive dry-bulk handling effective Sep 15, 2026 — commercial terms confidential; seek cargo volumes, revenue contribution and the 3+2-year performance triggers
- AMNS "MV Sanghi Sudarshan" time charter (~4,400 DWT, modified from clinker to steel coils) — utilization and expansion of the coastal/steel-coil vertical
Admiralty suit, promoter stake and stock-split
- Any development on the Rs. 6,289.27 Mn revised admiralty claim, security reduction, or vacation of arrest of the remaining three vessels
- Board consideration of the Rs. 10 share sub-division at the same November 14, 2026 meeting
Ask about this
Ask Cofacto a question about this company. Answers cite filings and company data.
Frequently Asked Questions
Is Shreeji Shipping on track to start Kolkata floating-crane operations?
The company has guided three different timelines — commencement from Q1 FY 2027 in the MD&A, full-fledged operations by Q3 FY 2027 in the segment section, and second quarter / early third quarter of FY 2027 in the Chairman's letter. The upcoming call should clarify the actual start date and ramp-up status.
Is Shreeji Shipping's revenue growing?
Consolidated revenue rose 29.56% YoY to Rs. 208.85 Cr in Q1 FY27, from Rs. 1,611.94 Mn in the prior-year quarter. Growth is supported by the cargo-handling stream, which contributed Rs. 5,269.85 Mn (74%) of FY26 revenue, with within-India revenue up 23.36% in FY26.
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Disclaimer: This earnings preview is published for educational and informational purposes only. It is not investment advice, not a recommendation to buy, sell or hold any security.