The Great Eastern Shipping Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
GESHIP · price
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Great Eastern Shipping reported Q1 FY26 consolidated revenue from operations of Rs. 1,201.47 crores, down from Rs. 1,508.23 crores in the year-ago quarter. Net profit for the period fell to Rs. 504.50 crores from Rs. 811.94 crores, translating to a basic EPS of Rs. 35.34 versus Rs. 56.87. Standalone numbers showed a similar trend, with profit at Rs. 388.45 crores versus Rs. 668.26 crores, and operating margin compressing to 57.17% from 61.13%. The board declared an interim dividend of Rs. 7.20 per share, with a record date of August 6, 2025 and payment on or after August 22, 2025. Separately, the board approved a Rs. 425 crore unsecured term loan (at 7.50% interest, 2.5-year tenor) to wholly owned subsidiary Greatship (India) Limited to prepay its USD 70.9 million ECB facility, expected to yield group-level interest savings. Deloitte Haskins & Sells LLP issued an unqualified limited review report on both consolidated and standalone results.
The steep YoY drop in revenue and profit reflects a weaker shipping environment versus last year's strong base, likely to weigh on the stock despite the maintained interim dividend payout. The ECB prepayment through a cheaper rupee loan is a positive for group-level finance costs going forward, while shareholders gain a clear cash return via the Rs. 7.20 per share interim dividend.