The Great Eastern Shipping Company Limited has informed the Exchange about Transcript

GE Shipping reported a sharp drop in Q4 FY25 profits, with consolidated profit declining by about INR 400 crore versus Q4 FY24, mainly because tanker rates normalized after last year's Red Sea-driven spike. Crude tanker daily earnings fell from about $52,000 to roughly $30,000, and product tankers dropped from $37,000 to $24,700. The company also took an impairment of just under INR 70 crore on three MR product tankers bought in the last 18 months as part of a fleet renewal strategy. Consolidated NAV stood at just over INR 1,400 per share, broadly flat year-on-year, with fleet values down 15-20% offset by cash profits. The company declared its 13th consecutive quarterly dividend of INR 5.40 per share and remains net cash on a standalone basis. Management is waiting for asset prices to fall further before making major acquisitions, with 80% of FY26 vessel capacity already locked in at profitable rates. The order book was disclosed at about 29% for LPG, 21% for product tankers, and 11% each for crude tankers and dry bulk.