Great Eastern Shipping Company
994.60
+0.85(+0.09%)
Market Cap₹14,187.50 Cr
PE Ratio8.60
Company Performance:
1D+0.09%
1M+3.99%
6M+7.73%
1Y-17.20%
5Y+320.64%
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More news about Great Eastern Shipping Company
06Aug 25
Great Eastern Shipping Reports Q1 FY26 Results, Declares 14th Consecutive Interim Dividend
Great Eastern Shipping announced Q1 FY26 results, declaring a 14th consecutive interim dividend of Rs. 7.20 per share, representing a 27% payout. Net profit declined year-over-year but improved from Q4 FY25. The company faced mixed market conditions across segments, with crude tankers, product tankers, and bulk carriers experiencing lower rates compared to Q1 FY25, while LPG ships saw an increase. The company maintains a strong financial position with significant net cash. All offshore rigs have secured contracts, with two starting after the monsoon season. Management expects challenging market conditions to persist but remains strategically flexible with 80% of the fleet in the spot market.
01Aug 25
Great Eastern Shipping Reappoints Key Directors and Alters Articles of Association
Great Eastern Shipping Company held its 77th AGM on August 1, 2025. Shareholders approved reappointments of Mr. Ravi K. Sheth as Director, Mr. Shivshankar Menon as Independent Director, Mr. Bharat K. Sheth as Managing Director, and Mr. G. Shivakumar as Executive Director. The company altered Article 92(1) of its Articles of Association, exempting Mr. Bharat K. Sheth from retirement by rotation. M/s. Mehta & Mehta were appointed as Secretarial Auditors. All resolutions passed with overwhelming shareholder support, with approval rates ranging from 94.67% to 99.98%.
31Jul 25
Great Eastern Shipping Reports Rs 505 Crore Net Profit in Q1, Declares Rs 7.20 Interim Dividend
Great Eastern Shipping Company Limited (GE Shipping) reported a consolidated net profit of Rs 505.00 crore for Q1. The company's consolidated revenue stood at Rs 1,337.00 crore, with an EBITDA of Rs 778.00 crore. An interim dividend of Rs 7.20 per equity share was declared. The shipping segment generated revenue of Rs 994.21 crore, while the offshore segment contributed Rs 350.41 crore. GE Shipping plans to acquire a Kamsarmax Dry Bulk Carrier and has approved a term loan of up to Rs 425.00 crores to its subsidiary, Greatship (India) Limited.
31Jul 25
Great Eastern Shipping Reports Q1 Earnings Decline, Declares Interim Dividend
Great Eastern Shipping Company Limited (GE Shipping) reported a 37.9% drop in Q1 consolidated net profit to Rs. 504.50 crore, with total income declining 21.5% to Rs. 1,336.88 crore. Despite the earnings decline, the company declared an interim dividend of Rs. 7.20 per share. The shipping segment saw revenue fall, while the offshore segment reported an increase. GE Shipping maintains a strong financial position with a negative net debt to equity ratio of -0.41, indicating robust liquidity. The company also announced plans to purchase a Kamsarmax Dry Bulk Carrier and approved a term loan to its subsidiary.
31Jul 25
Great Eastern Shipping Reports Q1 Net Profit of INR 505 Crores, Declares INR 7.20 Interim Dividend
Great Eastern Shipping Company Limited (GE Shipping) reported a decline in Q1 performance compared to last year. Revenue dropped to INR 1,337.00 crores from INR 1,703.00 crores, while net profit decreased to INR 505.00 crores from INR 812.00 crores. Despite the downturn, the company declared its 14th consecutive quarterly interim dividend of INR 7.20 per equity share. Segment-wise, both shipping and offshore operations saw reduced revenue days. Time Charter Yields showed mixed results with LPG carriers improving by 19% year-over-year, while crude and product carriers declined by 27% and 33% respectively.
25Jul 25
GE Shipping Expands Fleet with Acquisition of 2015-Built Kamsarmax Dry Bulk Carrier
Great Eastern Shipping Company Limited has contracted to acquire a Kamsarmax dry bulk carrier of approximately 81,843 dwt, built in 2015. The vessel is expected to join the fleet by Q3 FY2026, financed entirely from internal accruals. This acquisition will increase G E Shipping's fleet to 39 vessels with a total capacity of 3.13 million dwt, up from the current 38 vessels and 3.04 million dwt. The company's Board of Directors is scheduled to meet on July 31, 2025, to consider Q1 FY2026 financial results.
25Jul 25
Great Eastern Shipping Expands Fleet with Kamsarmax Dry Bulk Carrier Purchase
Great Eastern Shipping Company Limited (G E Shipping) has contracted to purchase a Kamsarmax Dry Bulk Carrier with a capacity of approximately 81,843 deadweight tonnage (dwt), built in 2015. The vessel is expected to join the fleet by the third quarter of FY26, increasing the company's total fleet to 39 vessels with a capacity of 3.13 million dwt. The acquisition will be financed through internal accruals. G E Shipping's Board of Directors will meet on July 31, 2025, to consider the financial results for the quarter ended June 30, 2025, with an earnings call scheduled for August 1, 2025.
09May 25
Great Eastern Shipping: Q4 Profit Plunges 60%, Declares Dividend
Great Eastern Shipping Co. reported a 60% decrease in consolidated net profit for Q4 FY2025, falling to ₹363.00 crore. Revenue declined by 18.30% to ₹1,223.00 crore. Despite financial challenges, the company declared a fourth interim dividend of ₹5.40 per equity share. The board also approved re-appointments of key directors.
21Feb 25
Great Eastern Shipping Delivers 'Jag Rishi' Supramax Dry Bulk Carrier
Great Eastern Shipping Company has announced the delivery of its 2011-built Supramax dry bulk carrier, 'Jag Rishi'. This move could indicate either a potential sale or the end of a long-term charter agreement. The delivery is likely to impact the company's fleet composition and reflects active fleet management in response to current market conditions in the dry bulk shipping sector.
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