Shipwaves Online reports annual revenue and profit decline
The company confirmed its FY26 audited results, showing a drop in revenue to ₹65.01 crore and profit to ₹1.68 crore.
— 1 earlier story on Shipwaves Online Ltd. →What's new
- Shipwaves approved its audited financial results for the year ended March 31, 2026.
- Standalone revenue fell to ₹65.01 crore from ₹77.21 crore in the prior year.
- The board also appointed a secretarial auditor and amended its insider trading code.
Why this matters
This is a routine compliance filing that restates previously disclosed financial figures. The governance updates regarding the insider trading code and secretarial auditor carry no material impact on the company's outlook.
What we're watching
- Any future updates on revenue recovery from the current ₹65.01 crore level.
- Operational changes following the appointment of the new secretarial auditor.
- Management commentary on the decline in bottom-line profitability.
The full read
Shipwaves Online has formally approved its audited financial results for the year ended March 31, 2026.
Revenue fell to ₹65.01 crore from ₹77.21 crore in the previous year. Profitability also narrowed significantly, dropping to ₹1.68 crore compared to the ₹4.19 crore reported in FY25.
These figures were already public.
Beyond the results, the board handled routine administrative tasks, including the appointment of a secretarial auditor and an amendment to the company's internal code for insider trading. This is a standard periodic update that offers no new information for investors to digest.
Questions answered
- What are the key financial results for Shipwaves Online in FY26?
- The company reported standalone revenue of ₹65.01 crore and a profit of ₹1.68 crore for the year ended March 31, 2026.
- How do these figures compare to the previous year?
- Revenue declined from ₹77.21 crore in FY25, while profit dropped from ₹4.19 crore over the same period.
- Are there any new developments in this filing?
- No. The financial figures were already disclosed in a prior filing, and the additional agenda items are standard governance updates.
- What governance changes did the board approve?
- The board appointed a secretarial auditor and amended the company's internal code for insider trading.
Story so far
All notes on SHIPWAVES →- 27 May 2026 · 6:42 PM IST Shipwaves Online reports annual revenue and profit decline
- today Shipwaves Online profit drops 68% as revenue slips