Great Eastern Shipping Q1FY27 profit surges 159%, declares ₹14.40 dividend
Great Eastern Shipping Company Limited achieved a 159% surge in Q1FY27 net profit to ₹1,308.84 crore, supported by a 67% rise in revenue. The Board declared an interim dividend of ₹14.40 per share, requiring shareholders to submit TDS documentation by August 07, 2026.
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The Great Eastern Shipping Company Limited reported a consolidated net profit of ₹1,308.84 crore for Q1FY27, marking a 159% year-on-year increase from ₹504.50 crore in the same period last year. The Board of Directors, meeting on August 03, 2026, approved the unaudited results and declared an interim dividend of ₹14.40 per equity share. This robust performance is primarily attributed to favorable freight rates and operational efficiency, with revenue from operations rising 67% to ₹2,005.36 crore. Shareholders must submit tax documents by August 07, 2026, to claim applicable TDS reliefs.
Consolidated Financial Performance
Consolidated revenue from operations reached ₹2,005.36 crore in Q1FY27, up from ₹1,201.47 crore in Q1FY26. Total income, including other income, stood at ₹2,286.21 crore compared to ₹1,336.88 crore previously. EBITDA expanded significantly to ₹14.62 billion rupees (₹1,462 crore) from ₹6.43 billion rupees, with the EBITDA margin widening to 72.95% from 53.51%. Finance costs declined to ₹19.94 crore from ₹44.87 crore, aiding bottom-line growth. Depreciation increased to ₹233.86 crore due to fleet additions.
| Metric: | Q1FY27 | Q1FY26 | YoY Change |
|---|---|---|---|
| Revenue from Operations: | ₹2,005.36 crore | ₹1,201.47 crore | +67% |
| Total Income: | ₹2,286.21 crore | ₹1,336.88 crore | +71% |
| EBITDA: | ₹14.62B rupees | ₹6.43B rupees | +127% |
| EBITDA Margin: | 72.95% | 53.51% | +1,744 bps |
| Profit Before Tax: | ₹1,364.78 crore | ₹535.96 crore | +155% |
| Net Profit: | ₹1,308.84 crore | ₹504.50 crore | +159% |
| Basic EPS (₹): | 91.68 | 35.34 | +160% |
Segment-Wise Growth Drivers
The Shipping segment drove the majority of growth, contributing ₹1,890.97 crore in revenue, nearly double the ₹994.21 crore recorded in Q1FY26. Segment results for Shipping surged to ₹1,155.38 crore from ₹378.55 crore. The Offshore segment also improved, with revenue rising to ₹406.02 crore from ₹350.41 crore. Consolidated segment assets stood at ₹20,266.86 crore as of June 30, 2026, while liabilities decreased to ₹2,167.98 crore from ₹3,002.10 crore.
Standalone Results and Balance Sheet Strength
On a standalone basis, revenue from operations climbed to ₹1,553.88 crore from ₹802.59 crore YoY. Standalone net profit more than tripled to ₹1,157.17 crore against ₹388.45 crore. The operating margin expanded to 71.72% from 57.17%. The balance sheet remains strong, with the consolidated debt-equity ratio dropping to 0.04 times from 0.13 times. Outstanding debt reduced to ₹799.48 crore from ₹1,852.94 crore, while net worth grew to ₹16,946.17 crore.
Dividend Payment and TDS Compliance
The interim dividend of ₹14.40 per share will be paid after deducting Tax Deduction at Source (TDS) as per the Income-tax Act, 2025. Resident individual shareholders with PAN linked to Aadhar will face a 10% TDS unless they submit Form No. 121 or their aggregate dividend does not exceed ₹10,000. Non-resident shareholders must submit documents to claim benefits under Double Tax Avoidance Agreements (DTAA). All required documents must be submitted to the Registrar and Share Transfer Agent, KFin Technologies Limited, on or before August 07, 2026. Failure to update KYC or bank details may result in withheld dividends.
Fleet Updates and Compliance
During the quarter, the company delivered tankers Jag Prakash and Jag Pankhi and contracted to sell tanker Jag Lokesh. It also acquired dry bulk carrier Jag Abhishek and tanker Jag Prabhu. Statutory auditors Deloitte Haskins & Sells LLP conducted a limited review of the results. The company confirmed compliance with all debenture covenants.
Historical Stock Returns for Great Eastern Shipping Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.55% | -2.75% | -5.71% | +17.23% | +48.78% | +305.98% |
Will the current surge in freight rates sustain through Q2FY27, or is a normalization expected due to global supply chain adjustments?
How does the company plan to deploy the significant cash reserves and reduced debt to further expand its fleet or pursue strategic acquisitions?
What specific operational efficiencies are driving the EBITDA margin expansion to nearly 73%, and are these margins sustainable in the long term?
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