The Great Eastern Shipping Company Limited has informed the Exchange that Board of Directors at its meeting held on July 31, 2025, declared Interim Dividend of Rs. 7.20 per equity share.
GESHIP · price
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On the reaction day the stock moved 1.7 pts more than Nifty Smallcap 250 and 0.4 pts more 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 Great Eastern Shipping Company's Board approved Q1 FY26 (quarter ended June 30, 2025) unaudited results, showing consolidated revenue from operations at Rs. 1,201.47 crores, down about 20% from Rs. 1,508.23 crores in the same quarter last year. Consolidated profit after tax fell roughly 38% YoY to Rs. 504.50 crores (vs Rs. 811.94 crores), with basic EPS at Rs. 35.34 versus Rs. 56.87 a year ago. The Board declared an interim dividend of Rs. 7.20 per equity share for FY26, with record date August 6, 2025 and payment on or after August 22, 2025. The Board also approved a Rs. 425 crore unsecured inter-corporate term loan (7.50% p.a., 2.5-year tenor) to wholly owned subsidiary Greatship (India) Limited to prepay its USD 70.9 million ECB, expected to deliver group-level interest savings. Additionally, subsidiary Great Eastern Services Limited has begun voluntary liquidation, and the company contracted to buy a 2015-built Kamsarmax dry bulk carrier for Q3 FY26 delivery.
The steep YoY drop in revenue and profits — driven mainly by weaker shipping segment earnings — is a negative for the stock in the near term, though the consistent dividend and ECB refinancing through cheaper rupee debt should support cash flow and reduce group interest costs.