Shipwaves Online profit drops 68% as revenue slips
The logistics technology firm reported a sharp decline in annual earnings, with consolidated profit falling to ₹3.85 crore for FY26.
— 1 earlier story on Shipwaves Online Ltd. →What's new
- Consolidated revenue fell 15.8% to ₹91.17 crore for FY26.
- Profit after tax dropped to ₹3.85 crore from ₹12.20 crore in the previous year.
- The board appointed secretarial auditors and updated insider trading codes.
Why this matters
For a company with a market cap of only ₹56 crore, a 68% profit erosion signals severe margin pressure. The scale of the earnings decline suggests the firm is struggling to maintain profitability in its current operating environment.
What we're watching
- Whether the company can stabilize margins in the coming quarters.
- Any management commentary on the cause of the revenue contraction.
- Future updates on operational costs.
The full read
Shipwaves Online reported a difficult fiscal year ended March 31, 2026. Consolidated revenue from operations fell 15.8% to ₹91.17 crore. Profitability took a harder hit, with consolidated profit after tax dropping 68.4% to ₹3.85 crore from ₹12.20 crore in the prior year. For a nano-cap logistics technology firm valued at ₹56 crore, this level of profit erosion is a clear sign of margin pressure and operational headwinds. The board also handled routine administrative tasks, including the appointment of secretarial auditors and updates to insider trading codes. The numbers speak for themselves: the company is facing a challenging period of contraction.
Questions answered
- How did Shipwaves Online perform in FY26?
- The company saw a 15.8% drop in consolidated revenue to ₹91.17 crore and a 68.4% decline in profit after tax to ₹3.85 crore.
- What was the company's profit in the previous fiscal year?
- Shipwaves Online reported a profit after tax of ₹12.20 crore in the year prior to FY26.
- What other decisions did the board make?
- The board approved the appointment of secretarial auditors and made administrative amendments to the company's insider trading codes.
- What is the current market capitalization of the firm?
- Shipwaves Online has a market capitalization of ₹56 crore.
Story so far
All notes on SHIPWAVES →- 27 May 2026 · 6:38 PM IST Shipwaves Online profit drops 68% as revenue slips
- today Shipwaves Online reports annual revenue and profit decline