Sadhav Shipping builds offshore charter portfolio as half-year revenue rises 73%

Sadhav Shipping reported consolidated revenue of ₹29.2 crore and net profit of ₹3.8 crore for the quarter ended 30 September 2026, while advancing offshore support contracts, a specialised vessel arrangement and a collaboration with Asian Energy Services.

The Mumbai-based company’s 5 November results update highlighted the deployment of Adwita for offshore pipeline replacement support in Mumbai and plans to broaden its marine services. Chief executive Vedant K. Choudhury reported an order book of approximately ₹365 crore.

Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at ₹8.5 crore for the second quarter of financial year 2026–27. Earnings per share were ₹2.37.

For the six months ended September, revenue reached ₹60.4 crore, EBITDA was ₹16.4 crore and net profit stood at ₹7.2 crore. Management said half-year revenue increased 73% year on year.

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