Great Eastern Shipping Company Ltd

The vessel had been contracted for sale in October 2025. Post this delivery, G E Shipping's owned fleet comprises 40 vessels, including 26 tankers ' 6 crude tankers, 16 product tankers, and 4 LPG carriers ' and 14 dry bulk carriers, consisting of 2 Capesize, 10 Kamsarmax, and 2 Supramax vessels, aggregating 3.32 million deadweight tonnes (dwt). The company has also signed agreements to sell one Suezmax crude tanker and acquire a secondhand Ultramax dry bulk carrier, with both transactions expected to be completed in H2 FY26, further optimizing its fleet composition. Great Eastern Shipping Company, along with its subsidiaries is a major player in the Indian shipping and Oil drilling services industry. Great Eastern Shipping Company (GE Shipping)'s consolidated net profit rose 1.01% to Rs 581.41 crore in Q2 FY26 as against Rs 575.57 crore in Q2 FY25. Revenue from operations tanked 8.31% to Rs 1,241.78 crore as against Rs 1,354.40 crore posted in Q2 FY25. Shares of Great Eastern Shipping Company shed 0.40% to Rs 1,096.20 on the BSE. Powered by Capital Market - Live

However, revenue from operations tanked 8.31% to Rs 1,241.78 crore as against Rs 1,354.40 crore posted in Q2 FY25. Profit before tax (PBT) stood at Rs 600.68 crore in Q2 FY26, down 1.48%, compared to Rs 609.75 crore recorded in Q2 FY25. Total expenses during the quarter increased 19.47% to Rs 781.10 crore, compared with Rs 970.01 crore in the year-ago quarter. On segmental front, revenue from Liner shipping stood at Rs 1,050.71 crore (down 18.35% YoY) and revenue from offshore stood at Rs 338.23 crore (up 12.28% YoY), during the quarter. Great Eastern Shipping Company has declared a second interim dividend of Rs 7.20 per equity share for the financial year 2025-26. The company has fixed 13 November 2025, as the record date to determine eligible shareholders. The dividend will be paid on or after 2 December 2025, the company said in a regulatory filing. Great Eastern Shipping Company, along with its subsidiaries is a major player in the Indian shipping and Oil drilling services industry. Shares of Great Eastern Shipping Company jumped 3.45% to close at Rs 1084.65 on Friday, 7 November, on the BSE.Powered by Capital Market - Live

Great Eastern Shipping Company announced that the Board of Directors of the Company at its meeting held on 7 November 2025, inter alia, have recommended the 2nd interim dividend of Rs 7.2 per equity Share (i.e. 72%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Great Eastern Shipping Company rose 1.01% to Rs 581.41 crore in the quarter ended September 2025 as against Rs 575.57 crore during the previous quarter ended September 2024. Sales declined 8.32% to Rs 1241.78 crore in the quarter ended September 2025 as against Rs 1354.40 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales1241.781354.40 -8 OPM %58.6348.26 - PBDT824.41686.67 20 PBT600.68481.16 25 NP581.41575.57 1 Powered by Capital Market - Live

Great Eastern Shipping Company will hold a meeting of the Board of Directors of the Company on 7 November 2025.Powered by Capital Market - Live

Great Eastern Shipping Company has contracted to sell its 2005 built Medium Range Product Tanker, Jag Pooja of about 48,539 dwt on 17 October 2025 to an unaffiliated third party. The vessel will be delivered to the new buyer by Q3 FY26. Including Jag Pooja, the company's current owned fleet stands at 40 vessels, comprising 26 tankers (5 crude tankers, 17 product tankers, 4 LPG carriers) and 14 dry bulk carriers (2 Capesize, 10 Kamsarmax, 2 Supramax) aggregating 3.21 mn dwt. Additionally, in Q2 FY26, the company has contracted to buy one secondhand Suezmax crude tanker, and contracted to sell one secondhand Suezmax crude tanker. These three purchase & sale transactions are expected to happen by Q3 FY26. Powered by Capital Market - Live

Great Eastern Shipping Company has taken delivery of a 2016 built Kamsarmax Dry Bulk Carrier 'Jag Anjali' of about 81,922 dwt. The company had contracted to buy the vessel in Q2 FY26. This vessel is financed entirely from internal accruals. The Company's current owned fleet stands at 40 vessels, comprising 26 tankers (5 crude carriers, 17 product tankers, 4 LPG carriers) and 14 dry bulk carriers aggregating 3.21 mn dwt. Powered by Capital Market - Live

Great Eastern Shipping Company took delivery of a 2015 built Kamsarmax Dry Bulk Carrier 'Jag Amol' of about 81,843 dwt. The company had contracted to buy the vessel in Q2 FY26. This vessel is financed entirely from internal accruals. The Company's current owned fleet stands at 39 vessels, comprising 26 tankers (5 crude carriers, 17 product tankers, 4 LPG carriers) and 13 dry bulk carriers aggregating 3.13 Mn dwt. Additionally, in Q2 FY26, the company has contracted to buy 1 secondhand Kamsarmax dry bulk carrier and 1 secondhand Suezmax crude tanker and contracted to sell 1 secondhand Suezmax crude tanker. These 3 purchase & sale transactions are expected to happen by Q3 FY26.Powered by Capital Market - Live

Great Eastern Shipping Company has contracted to sell its 2005 built Suezmax Crude Tanker, Jag Lok of about 158,280 dwt on 15 September 2025 to an unaffiliated third party. The vessel will be delivered to the new buyer by Q3 FY26. Including Jag Lok, the company's current fleet stands at 38 vessels, comprising 26 tankers (5 crude tankers, 17 product tankers, 4 LPG carriers) and 12 dry bulk carriers (2 Capesize, 8 Kamsarmax, 2 Supramax) aggregating 3.04 Mn dwt. Additionally, the company has contracted to buy 2 secondhand Kamsarmax dry bulk carriers and 1 Suezmax crude tanker in Q2 FY26. All these ships are expected to join the fleet by Q3 FY26. Powered by Capital Market - Live

The 2016 built vessel is expected to join the company's fleet by Q3 FY26. The company's current owned fleet stands at 38 vessels, comprising 26 tankers (5 crude carriers, 17 product tankers, 4 LPG carriers) and 12 dry bulk carriers aggregating 3.04 million deadweight tonnage. The company's current capacity utilization is close to 100%. In addition to this contract, the company has 1 secondhand Kamsarmax dry bulk carrier contracted to buy in July'25 and 1 Suezmax crude carrier, which was contracted to buy in Aug'25. Both these ships are also expected to join the fleet by Q3 FY26. The proposed ship will be financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet. Post delivery of these 3 vessels, the company will have 41 vessels aggregating 3.37 million deadweight tonnage. The Great Eastern Shipping Company is India's largest private sector shipping service provider, with a strong presence in the international maritime industry. The shipping business operates under two main businesses: dry bulk carriers and tankers. The company's consolidated net profit declined 37.86% to Rs 504.50 crore on a 20.34% fall in revenue to Rs 1201.47 crore in Q1 FY26 as compared with Q1 FY25. The scrip lost 0.01% to end at Rs 955 on the BSE today. Powered by Capital Market - Live