The Great Eastern Shipping Company Limited has informed the Exchange that Board of Directors at its meeting held on May 09, 2025, declared Interim Dividend of 5.40 per equity share.
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On the reaction day the stock moved 0.2 pts more than Nifty Smallcap 250 and 1.7 pts less than its Shipping peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board of Great Eastern Shipping approved audited consolidated and standalone results for Q4 and FY25 (ended March 31, 2025). FY25 consolidated revenue from operations rose marginally to Rs. 5,322.54 crores (from Rs. 5,255.17 crores), while profit after tax fell about 10% to Rs. 2,344.26 crores (from Rs. 2,614.18 crores). Q4 was sharply weaker with PAT at Rs. 363.09 crores versus Rs. 905.08 crores a year ago, hit by a Rs. 69.20 crore ship impairment and lower ship sale gains. The board declared a fourth interim dividend of Rs. 5.40 per share, taking total FY25 interim dividends to Rs. 29.70 per share, with a record date of May 15, 2025 and payment on or after June 3, 2025. Statutory auditors Deloitte Haskins & Sells LLP issued an unmodified (clean) opinion. The board also approved re-appointments of Bharat K. Sheth as Deputy Chairman & MD and G. Shivakumar as Executive Director for 5-year terms, and appointed Mehta & Mehta as Secretarial Auditors.
Shareholders get a healthy Rs. 29.70/share in total FY25 dividends, though full-year profit has slipped and Q4 earnings nearly halved year-on-year, so any short-term stock reaction may be mixed. The balance sheet remains very strong with a net cash position (net debt/equity of -0.41), so the company has the cash to keep rewarding shareholders and absorb cyclical shipping weakness.