Sadhav Shipping's FY26 net profit jumped 25% to INR 14.72 Cr, with EPS up 11.5% to INR 9.13, while revenue stayed flat at INR 97.55 Cr. EBITDA margin dipped to 20% due to vessel deployment delays, though management targets 30% for FY27. The order book stands at INR 400 Cr, extending to FY30+.
For FY27, management anticipates 15-20% revenue growth (targeting INR 115-120 Cr). The company is cautious on large vessel acquisitions due to high market prices, prioritizing confirmed contracts. Strategic initiatives include a shipbuilding joint venture, despite land allocation delays in Odisha, and reduced loan costs from preferential issue utilization. Management is confident in future growth drivers and operational efficiencies.