Shreeji Shipping Reports 52% Profit Surge
Shreeji Shipping Global, a logistics firm specializing in dry-bulk cargo, has announced a remarkable 52% increase in net profit for the June quarter, reaching ₹38 crore compared to ₹25 crore during the same period last year. This growth is attributed to the company’s strategic diversification of services. Additionally, revenue rose by 24% to ₹161 crore, up from ₹130 crore, while EBITDA soared by 58% to ₹60 crore.
Diversified Services Drive Growth
Ashokkumar Haridas Lal, Chairman and Managing Director of Shreeji Shipping, highlighted that the company’s diverse service offerings, long-term contracts, and extensive geographic reach have been instrumental in navigating seasonal fluctuations, particularly during the monsoon when major ports often shut down. This adaptability has allowed the company to maintain steady growth despite external challenges.
Looking ahead, Shreeji Shipping plans to expand its expertise into various sectors, including Oil & Gas, Energy, FMCG, Coal, and Metals. The company is also exploring opportunities in adjacent industries to further enhance its service portfolio. Recently, Shreeji Shipping received a Letter of Intent to establish Floating Crane Facilities at Diamond Harbour under the Syama Prasad Mukherjee Port Trust in Kolkata. This strategic move is expected to bolster port-led services and contribute positively to revenue starting this financial year.
Strong Fleet and Future Prospects
As of March 2025, Shreeji Shipping operates a fleet of over 80 vessels, which includes barges, mini bulk carriers, tug boats, and floating cranes. The company also provides more than 370 earthmoving equipment units to clients across various industries. Its primary focus is on non-major ports and jetties along the West Coast of India, including locations such as Navlakhi, Bedi, Magdalla, Bhavnagar, and Dharamtar, as well as the Puttalam Port in Sri Lanka.
Shreeji Shipping Global shares list at 8% premium over IPO price
In the cargo handling segment, Shreeji Shipping offers services such as ship-to-ship lighterage, stevedoring, and comprehensive cargo management. The recent capital raised from its IPO will further support the company’s expansion efforts. With a well-diversified fleet, strong customer relationships, and a robust pipeline of projects, Shreeji Shipping remains optimistic about sustaining growth, enhancing profitability, and delivering long-term value to its stakeholders.
