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Great Eastern Shipping FY26 Net Profit Rises 25.5% to Rs 2943 Cr

Great Eastern Shipping Company reported a consolidated net profit of Rs 2942.52 crores for the financial year ended March 31, 2026, a 25.5% increase from Rs 2344.26 crores in the previous year. Total income for the year rose to Rs 6312.42 crores from Rs 6156.88 crores. For the quarter ended March 31, 2026, the company posted a net profit of Rs 1044.09 crores on total income of Rs 1857.23 crores. The Board declared a fourth interim dividend of Rs 11.70 per share, taking the total dividend for the year to Rs 35.10 per share. The company's consolidated net worth stood at Rs 16819.72 crores as of March 31, 2026.

18May 26

Great Eastern Shipping Co. Ltd. Records ₹16.98 Crores Block Trade on NSE

Great Eastern Shipping Co. Ltd. saw a block trade executed on the NSE involving approximately 99,828 shares at ₹1700.60 per share. The total transaction value of the block trade was ₹16.98 crores. Block trades of this size are typically associated with large institutional or high-net-worth investor activity and are executed through the exchange's dedicated block deal window.

15May 26

GE Shipping Sells MR Tanker Jag Pankhi; Fleet at 39

The Great Eastern Shipping Company Limited delivered its 2003-built Medium Range Tanker 'Jag Pankhi' to buyers on May 14, 2026, completing a sale contracted for Q1 FY27. Following this divestment, the company's owned fleet decreased to 39 vessels with a total deadweight tonnage of 3.19 million. The fleet now comprises 24 tankers and 15 dry bulk carriers. Additionally, the company has contracted to acquire one secondhand Medium Range Tanker, with the transaction expected to close in Q1 FY27.

09May 26

Great Eastern Shipping Company Schedules Q4FY26 Earnings Call for May 15, 2026

The Great Eastern Shipping Company Limited has scheduled its Q4FY26 earnings call for May 15, 2026, at 4:00 PM IST, following a board meeting on May 14, 2026, to review financial results for the quarter and year ended March 31, 2026. Executive Director and CFO Mr. G. Shivakumar will present a financial snapshot, followed by a Q&A session with senior management. Participants can join via webcast using the provided link, with Google Chrome or Microsoft Edge recommended as browsers.

01May 26

GE Shipping Takes Delivery of Kamsarmax Dry Bulk Carrier 'Jag Abhishek'

The Great Eastern Shipping Company Limited took delivery of the 2014 Japanese built Kamsarmax Dry Bulk Carrier 'Jag Abhishek' of about 81,094 dwt on April 30, 2026, financed entirely from internal accruals. The acquisition expands the company's fleet to 41 vessels totaling 3.28 mn dwt, comprising 26 tankers and 15 dry bulk carriers, with capacity utilization close to 100%. The company has also contracted to buy one secondhand Medium Range Tanker and sell two existing Medium Range Tankers, with these transactions expected to complete in Q1 FY27.

01May 26

Great Eastern Shipping Shareholders Approve Re-appointment of Independent Director Bhavna Doshi

Great Eastern Shipping Company successfully completed its postal ballot process on April 30, 2026, with shareholders overwhelmingly approving Mrs. Bhavna Doshi's re-appointment as Independent Director for a second term. The special resolution received 95,478,583 votes in favour (90.37%) against 10,178,545 votes (9.63%), with strong support from all shareholder categories including 100% approval from promoter group.

30Apr 26

Great Eastern Shipping Company Board Meeting Scheduled for May 14, 2026 to Review FY26 Results

The Great Eastern Shipping Company Limited has scheduled a board meeting for May 14, 2026, to consider and approve audited standalone and consolidated financial results for the year ended March 31, 2026. The meeting will also deliberate on potential dividend declaration. This announcement was made in compliance with SEBI regulations, with formal notifications sent to BSE and NSE on April 30, 2026.

25Apr 26

Great Eastern Shipping Company Director Berjis Desai Resigns Following Government Appointment

Berjis Desai resigned as Non-Executive, Non-Independent Director of The Great Eastern Shipping Company Limited effective April 24, 2026, following his appointment as Member, National Commission for Minorities, New Delhi. After serving on the board for two decades, Desai confirmed no other material reasons for his resignation and expressed gratitude for his tenure with the shipping company.

22Apr 26

Great Eastern Shipping Launches Saksham Niveshak Campaign for KYC Updates and Unclaimed Dividend Recovery

The Great Eastern Shipping Company Limited has launched the second 100-day campaign "Saksham Niveshak" to help shareholders update their KYC details and claim unclaimed dividends, preventing their transfer to the Investor Education and Protection Fund Authority (IEPFA). The campaign runs from April 01, 2026 to July 09, 2026, following communication from IEPFA and the Ministry of Corporate Affairs dated March 27, 2026. The company has undertaken comprehensive publicity measures including website notices, social media posts, and newspaper advertisements in Business Standard and Sakal (Mumbai edition) published on April 17, 2026. Shareholders with unpaid or unclaimed dividends for any financial years from 2018-19 onwards or those required to update their KYC and nomination details should contact KFin Technologies Limited, the company's Registrar and Transfer Agent, at their Hyderabad office or via email at einward.ris@kfintech.com. The campaign specifically targets updates to KYC details, bank mandates, nominee information, and contact details including mobile numbers and addresses. The official notice is available on the National Stock Exchange website, Bombay Stock Exchange website, and the company's website.

08Apr 26

Great Eastern Shipping Announces SEBI Special Window for Physical Share Transfer and Dematerialisation

The Great Eastern Shipping Company Limited has announced SEBI's special window facility for physical share transfer and dematerialisation, available from February 5, 2026 to February 4, 2027. The facility covers securities sold or purchased but not lodged for transfer prior to April 1, 2019, and previously rejected transfer requests. The company has publicized this through newspaper advertisements and social media, with shareholders able to contact Kfin Technologies Limited or the company directly.

07Apr 26

Great Eastern Shipping Submits SEBI Compliance Certificate for Quarter Ended March 31, 2026

Great Eastern Shipping Company Limited submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The company's registrar KFin Technologies Limited confirmed that all securities dematerialization details were properly furnished to stock exchanges, with no rematerialisation requests during the period.

06Apr 26

Great Eastern Shipping Issues Notice for Transfer of Unclaimed Shares to IEPF

The Great Eastern Shipping Company Limited has issued a notice for the transfer of unclaimed equity shares to IEPF, affecting shareholders who haven't claimed dividends for seven consecutive years. The company published advertisements in Business Standard and Sakal newspapers, with shareholders required to claim dividends by August 20, 2026, to avoid automatic share transfer to IEPF on September 8, 2026.

06Apr 26

Great Eastern Shipping Contracts Sale of Medium-Range Tanker Jag Prakash

The Great Eastern Shipping Company Limited has contracted to sell its 2007-built medium-range tanker Jag Prakash of 47,848 dwt to an unaffiliated third party, with delivery scheduled for Q1 FY27. The company's current fleet comprises 40 vessels totaling 3.20 million dwt, including 26 tankers and 14 dry bulk carriers, while also planning to acquire two secondhand vessels in Q1 FY27.

01Apr 26

The Great Eastern Shipping Company Acquires Medium Range Tanker of 49,420 dwt for Fleet Expansion

The Great Eastern Shipping Company Limited acquired a secondhand Medium Range Tanker of 49,420 dwt on April 1, 2026, with the 2014-built vessel expected to join the fleet in Q1 FY27. The acquisition will be financed entirely from internal accruals as part of the company's fleet expansion strategy. The company currently operates 40 vessels totaling 3.20 mn dwt at close to 100% capacity utilization, comprising 26 tankers and 14 dry bulk carriers. Additionally, the company has contracted to purchase one secondhand Kamsarmax Dry Bulk Carrier, with completion expected in Q1 FY27.

01Apr 26

Great Eastern Shipping Publishes Postal Ballot Notice for Director Re-appointment

The Great Eastern Shipping Company Limited has published its postal ballot notice in Business Standard and Sakal newspapers under regulatory compliance, seeking shareholder approval for Mrs. Bhavna Doshi's re-appointment as Independent Director for a second term from May 12, 2026 to October 25, 2030, with e-voting scheduled from April 01-30, 2026.

30Mar 26

Great Eastern Shipping Company Receives ESG Score of 69.3 from SES ESG Research

Great Eastern Shipping Company Limited has been assigned an ESG score of 69.3 by SES ESG Research Private Limited, a SEBI-registered rating provider. The assessment was conducted independently without company engagement, based on publicly available data. The company notified BSE and NSE about this development on March 30, 2026, emphasizing the independent nature of the evaluation.

30Mar 26

Great Eastern Shipping Delivers Gas Carrier Jag Vishnu, Fleet Stands at 40 Vessels

Great Eastern Shipping Company completed delivery of its 2002-built Very Large Gas Carrier Jag Vishnu to buyers, with the vessel contracted for sale in Q3 FY26. Following this transaction, the company's fleet now stands at 40 vessels comprising 26 tankers and 14 dry bulk carriers, aggregating 3.20 mn dwt capacity, while planning to acquire one secondhand Kamsarmax Dry Bulk Carrier by Q1 FY27.

18Mar 26

Great Eastern Shipping Announces Resignation of Head of Internal Audit

The Great Eastern Shipping Company Limited announced the resignation of Mr. Ankit Dahanukar as Head (Internal Audit) effective May 16, 2026. After over eight years with the company, he submitted his resignation on March 17, 2026, to pursue career advancement opportunities. The company has complied with SEBI Regulation 30 disclosure requirements by informing BSE and NSE about this key personnel change.

16Mar 26

Great Eastern Shipping Board Recommends Re-appointment of Independent Director Mrs. Bhavna Doshi

The Great Eastern Shipping Company Limited's board has recommended Mrs. Bhavna Doshi's re-appointment as Independent Director for a second term from May 12, 2026 to October 25, 2030. The recommendation was made during a board meeting held on March 16, 2026. Mrs. Doshi, a founding partner of Bhavna Doshi Associates LLP and former KPMG Senior Advisor, brings over 30 years of experience in taxation, corporate restructuring, and consulting services to the role.

05Mar 26

Great Eastern Shipping: Co Acquires Kamsarmax Dry Bulk Carrier, Expands Fleet For FY27

Great Eastern Shipping Company has strategically acquired a secondhand Japanese-built Kamsarmax Dry Bulk Carrier with about 81,094 dwt capacity, contracted on March 4, 2026, for Q1 FY27 delivery. The acquisition, financed entirely from internal accruals, expands the company's 41-vessel fleet totaling 3.25 mn dwt with near 100% capacity utilization.

24Feb 26

GE Shipping Takes Delivery of Medium Range Tanker 'Jag Pranesh', Fleet Reaches 41 Vessels

The Great Eastern Shipping Company Limited took delivery of 2013 South Korean built Medium Range Tanker 'Jag Pranesh' of about 51,565 dwt on February 24, 2026, financed through internal accruals. The company's owned fleet now comprises 41 vessels totaling 3.25 mn dwt, including 27 tankers and 14 dry bulk carriers, operating at close to 100% capacity utilization. Additionally, the company has contracted to sell Very Large Gas Carrier 'Jag Vishnu' with completion expected in Q4 FY26.

23Feb 26

Great Eastern Shipping Company Receives CRISIL Rating Withdrawal and Reaffirmation for Non-Convertible Debentures

Great Eastern Shipping Company has received updated credit ratings from CRISIL Ratings Limited for its Non-Convertible Debentures portfolio. CRISIL withdrew ratings on Rs. 450.00 crore NCDs following their full redemption while reaffirming the AAA/Stable rating on remaining Rs. 1,050.00 crore debentures. This reduces the company's total rated NCD portfolio from Rs. 1,500.00 crore to Rs. 1,050.00 crore, with the company informing stock exchanges on February 23, 2026, in compliance with SEBI regulations.

02Feb 26

Great Eastern Shipping Hosts Investor Meet, Reports Strong Financial Position

Great Eastern Shipping Company held its investor presentation on February 2, 2026, following the Board meeting that declared a third interim dividend of Rs 9 per share. The company showcased its diversified fleet of 40 vessels totaling 32,02,836 DWT, strong financial performance with standalone NAV of Rs 1,233 per share, and transformation from peak debt to net cash position of USD 574 million.

23Jan 26

GE Shipping Delivers Kamsarmax Dry Bulk Carrier Jag Aarati in Q3 FY26

The Great Eastern Shipping Company Limited delivered its 2011-built Kamsarmax dry bulk carrier "Jag Aarati" to buyers on January 23, 2026, following a sale contract executed in Q3 FY26. The transaction reduces the company's fleet to 39 vessels totaling 3.14 million dwt, comprising 26 tankers and 13 dry bulk carriers. Additionally, GE Shipping has contracted to purchase one secondhand Ultramax dry bulk carrier and one medium range tanker, while selling the very large gas carrier "Jag Vishnu," with all transactions expected to complete in Q4 FY26.

16Jan 26

Great Eastern Shipping Takes Delivery of Very Large Gas Carrier Jag Vijay

Great Eastern Shipping Company successfully received delivery of the Very Large Gas Carrier Jag Vijay, a 2015-built South Korean vessel with 84,048 cbm capacity, financed entirely through internal accruals. This acquisition expands the company's owned fleet to 40 vessels with 3.22 mn dwt capacity, operating at nearly 100% utilization across tankers and dry bulk carriers.

07Jan 26

ICICI Bank Executes ₹77.91 Crore Block Trade on NSE

ICICI Bank completed a substantial block trade on NSE worth ₹77.91 crores, involving approximately 547,070 shares at ₹1,424.10 per share. This transaction represents significant institutional investor activity in the banking sector and highlights continued interest in the large-cap private bank through pre-negotiated trading mechanisms.

05Jan 26

Great Eastern Shipping Gets BWR AAA Rating Reaffirmed on ₹1,050 Crore NCDs

Brickwork Ratings reaffirmed BWR AAA/Stable rating on Great Eastern Shipping's ₹1,050 crore NCDs while withdrawing rating on ₹700 crore NCDs post full redemption. The rating reflects strong financial performance with 50.75% EBITDA margin in FY25, diversified fleet operations, and robust liquidity position with ₹5,726 crore cash reserves, though cyclical market risks and forex exposure remain key concerns.

31Dec 25

GE Shipping Expands Fleet to 39 Vessels with South Korean Tanker Acquisition

Great Eastern Shipping Company announced the acquisition of a 51,565 DWT secondhand tanker built in South Korea in 2013, expanding its owned fleet to 39 vessels with total capacity of 3.17 million DWT. The company has also contracted additional vessel purchases and sales scheduled for Q4 FY26, with shares closing 2.43% higher following the announcement.

31Dec 25

The Great Eastern Shipping Company Limited Acquires Secondhand Medium Range Tanker Worth 51,565 DWT

The Great Eastern Shipping Company Limited acquired a secondhand Medium Range Tanker of 51,565 dwt capacity on December 31, 2025. The 2013 South Korean built vessel will join the fleet in Q4 FY26, financed through internal accruals. The company currently operates 39 vessels totaling 3.17 million dwt at near 100% capacity utilization, with additional vessel transactions planned for Q4 FY26.

26Dec 25

GE Shipping Sells Very Large Gas Carrier 'Jag Vishnu' with 77,922 CBM Capacity

Great Eastern Shipping Company has executed an agreement on December 26, 2025, to sell its very large gas carrier 'Jag Vishnu' with 77,922 cubic metre capacity to an unaffiliated third party, with delivery scheduled for Q4 FY26. Post-transaction, the company's fleet will comprise 39 vessels totaling 3.17 million deadweight tonnes, including 25 tankers and 14 dry bulk carriers. The company has also planned additional fleet transactions including purchase of two second-hand vessels and sale of Kamsarmax carrier 'Jag Aarati', all expected to complete in Q4 FY26.

23Dec 25

GE Shipping Completes Jag Lok Delivery, Fleet Stands at 39 Vessels Worth 3.17mn dwt

Great Eastern Shipping has successfully delivered its 2005-built Suezmax crude tanker Jag Lok to buyers, completing a sale transaction originally contracted in September 2025. The company's fleet now comprises 39 vessels with 3.17 million dwt capacity, including 25 tankers and 14 dry bulk carriers. Additional fleet transactions involving purchase of gas and dry bulk carriers and sale of Jag Aarati are scheduled for Q4 FY26.

22Dec 25

NCLT Orders Dissolution of Greatship Oilfield Services Limited Following Voluntary Liquidation

The National Company Law Tribunal (NCLT) has ordered the dissolution of Greatship Oilfield Services Limited following voluntary liquidation proceedings. This order marks the formal conclusion of the company's winding-up process, effectively terminating its legal existence. The company, which operated in the oilfield services sector, was a subsidiary of Great Eastern Shipping Company.

22Dec 25

Great Eastern Shipping Subsidiary GOSL Dissolved by NCLT

Great Eastern Shipping Company's subsidiary, Greatship Oilfield Services Limited (GOSL), has been dissolved as per a National Company Law Tribunal (NCLT) order. GOSL, a wholly owned subsidiary of Greatship (India) Limited (GIL), had no revenue and a net worth of ₹17.73 lakhs as of March 31, 2025. The voluntary liquidation process, initiated in April 2025, has now been completed, streamlining Great Eastern Shipping's corporate structure.

19Dec 25

Great Eastern Shipping Acquires Used Gas Carrier for Q4 FY26 Delivery

Great Eastern Shipping Company has announced the acquisition of a used Very Large Gas Carrier (VLGC), set to join its fleet in Q4 FY26. This purchase enhances the company's gas transportation capabilities and aligns with its fleet modernization strategy. The VLGC will strengthen Great Eastern's position in the liquefied petroleum gas transportation sector.

19Dec 25

The Great Eastern Shipping Company Acquires Very Large Gas Carrier for Fleet Expansion

Great Eastern Shipping Company Limited has contracted to purchase a secondhand Very Large Gas Carrier with a capacity of 84,048 cbm, expected to be delivered in Q4 FY26. The acquisition, financed through internal accruals, is part of the company's fleet expansion strategy. The company currently operates a fleet of 40 vessels totaling 3.32 million dwt, including tankers, dry bulk carriers, and LPG carriers. Additional fleet transactions include the planned acquisition of an Ultramax Dry Bulk Carrier and the disposal of a Kamsarmax Dry Bulk Carrier and a Suezmax Crude Tanker.

18Dec 25

Great Eastern Shipping Contracts Sale of Kamsarmax Dry Bulk Carrier 'Jag Aarati'

Great Eastern Shipping Company has announced the sale of its 2011-built Kamsarmax dry bulk carrier, 'Jag Aarati', to an unaffiliated third party. The vessel is expected to be delivered to the buyer in Q4 FY26. After the sale, Great Eastern Shipping's fleet will be reduced to 40 vessels.

12Dec 25

Great Eastern Shipping Company Executes ₹78.23 Crore NSE Block Trade

Great Eastern Shipping Company conducted a significant block trade on the National Stock Exchange (NSE). The transaction involved 707,304 shares at ₹1,106.00 per share, totaling ₹78.23 crores. This large-volume trade, typically executed by institutional investors, indicates substantial market interest in the company's stock and demonstrates liquidity in the shares.

11Dec 25

Great Eastern Shipping Revises Q2 FY26 Presentation; Reports Mixed Results

Great Eastern Shipping issued a revised investor presentation for Q2 FY26 after identifying errors in the original document. The company reported normalized consolidated net profit of ₹525 crores, down from ₹623 crores in Q2 FY25, while declaring its 15th consecutive quarterly dividend of ₹7.20 per share and completing a significant leadership transition with Mr. Bharat K. Sheth becoming Chairman and Managing Director.

20Nov 25

GE Shipping Delivers Medium Range Product Tanker 'Jag Pooja' to Buyers

Great Eastern Shipping Company Limited (GE Shipping) has delivered its 2005-built Medium Range Product Tanker 'Jag Pooja' to buyers. The company's owned fleet now consists of 40 vessels, including 6 crude tankers, 16 product tankers, 4 LPG carriers, and 14 dry bulk carriers, totaling 3.32 million deadweight tonnage. GE Shipping has also contracted to sell one Suezmax crude tanker and purchase one secondhand Ultramax dry bulk carrier, with these transactions expected to complete in the second half of fiscal year 2026.

07Nov 25

Great Eastern Shipping Announces Leadership Transition: K.M. Sheth Steps Down After 73 Years

Great Eastern Shipping Company, India's largest private sector shipping company, has announced significant leadership changes effective November 9, 2025. K.M. Sheth, after 73 years with the company, is stepping down as Non-Executive Chairman and will be appointed 'Chairman Emeritus' for life. Bharat K. Sheth, currently Deputy Chairman and Managing Director, will be re-designated as 'Chairman and Managing Director'. The company has also declared a second interim dividend of Rs. 7.20 per share for the fiscal year 2025-26.

30Oct 25

Great Eastern Shipping Expands Fleet with New Suezmax Crude Carrier and Plans Ultramax Dry Bulk Carrier Purchase

Great Eastern Shipping Company has acquired a Suezmax crude carrier named 'Jag Laadki', built in 2010 with a capacity of 164,716 DWT. The company has also signed an agreement to purchase an Ultramax dry bulk carrier. These additions bring the company's total fleet size to 41 vessels. The Suezmax acquisition was financed entirely through internal funds, demonstrating the company's strong financial position.

17Oct 25

Great Eastern Shipping Sells Tanker Jag Pooja, Fleet Size Reduced to 40 Ships

Great Eastern Shipping Company has announced the sale of its 2005-built tanker vessel, Jag Pooja, to an unrelated buyer. The vessel is expected to be delivered to the new owner in Q3 FY26. This transaction reduces the company's fleet size from 41 to 40 vessels. The financial terms and specific reasons for the sale were not disclosed.

14Oct 25

Great Eastern Shipping Expands Fleet with Delivery of Kamsarmax Dry Bulk Carrier 'Jag Anjali'

Great Eastern Shipping Company Limited has taken delivery of 'Jag Anjali', a Kamsarmax Dry Bulk Carrier built in 2016 with a capacity of 81,922 dwt. The vessel was acquired using internal funds. This addition brings G E Shipping's total fleet to 40 vessels, including 26 tankers and 14 dry bulk carriers, with a total capacity of 3.21 million dwt. The company also plans to purchase a Suezmax crude tanker and sell another, with both transactions expected to complete by Q3 FY26.

22Sept 25

Great Eastern Shipping Expands Fleet with New Kamsarmax Dry Bulk Carrier 'Jag Amol'

Great Eastern Shipping Company has taken delivery of 'Jag Amol', a Kamsarmax Dry Bulk Carrier built in 2015 with a capacity of 81,843 dwt. The acquisition was funded through internal accruals. The company's fleet now totals 39 vessels, including 5 crude carriers, 17 product tankers, 4 LPG carriers, and 13 dry bulk carriers, with a combined capacity of 3.13 million dwt. Great Eastern Shipping has also contracted to purchase one secondhand Kamsarmax dry bulk carrier and one secondhand Suezmax crude tanker, while planning to sell one secondhand Suezmax crude tanker.

18Sept 25

Great Eastern Shipping Grants Rs 425 Crore Loan to Subsidiary Greatship India

Great Eastern Shipping Company has extended a term loan of Rs 425 crores to its wholly owned subsidiary, Greatship (India) Limited (GIL). The loan, with a 7.50% annual interest rate and 2.5-year term, is intended to refinance GIL's existing External Commercial Borrowing of USD 70.90 million. The unsecured loan includes a prepayment option and is conducted on an arm's length basis, with no promoter interest involved.

25Aug 25

Great Eastern Shipping Expands Fleet with Suezmax Crude Carrier Acquisition

Great Eastern Shipping Company has contracted to purchase a Suezmax Crude Carrier, expanding its fleet. The vessel, built in 2010 with a deadweight of approximately 164,715 dwt, is expected to be delivered in Q3 FY26. This acquisition, financed through internal accruals, will increase the company's total fleet to 40 vessels and aggregate capacity to 3.29 million dwt upon delivery. The company's current fleet of 38 vessels includes 26 tankers and 12 dry bulk carriers, with a total capacity of 3.04 million dwt. This strategic move aims to enhance operational capabilities and market position in the crude oil transportation sector.

18Aug 25

GE Shipping May Gain Infrastructure Status, Easing Funding Access

Great Eastern Shipping Company (GE Shipping) is reportedly close to receiving infrastructure status, a move that could significantly improve funding accessibility for shipping companies in India. This potential change could lead to easier access to financing, more favorable lending terms, and reduced capital costs for GE Shipping and possibly other shipping enterprises. The development signals a growing recognition of the shipping industry's crucial role in India's economic infrastructure and could set a precedent for the broader sector, potentially accelerating growth and modernization efforts across the Indian shipping industry.

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.