The Great Eastern Shipping Company (500620) Q4 25/26 earnings summary

Executive summary

• Achieved record consolidated net profit of INR 2,943Cr for FY26 and INR 1,044Cr for Q4 FY26, with highest-ever standalone profits and NAV per share reaching INR 1,796 (consolidated) and INR 1,422 (standalone) as of March 31, 2026.

• Declared highest-ever quarterly dividend of INR 11.70/share for Q4 FY26, totaling INR 35.10 per share for the year, with no final dividend as all payouts were interim.

• Audited standalone and consolidated financial results for the year and quarter ended March 31, 2026, were approved with an unmodified audit opinion.

• Financial statements reflect robust cash flows and significant fleet activity, including vessel sales and acquisitions.

Financial highlights

• FY26 consolidated revenue was INR 6,312Cr, up from INR 6,157Cr in FY25; Q4 FY26 revenue was INR 1,857Cr, up from INR 1,373Cr in Q4 FY25.

• Consolidated net profit for FY26 was INR 2,942.52Cr, up from INR 2,344.26Cr year-over-year.

• FY26 consolidated EPS was INR 188.29; cash profit per share at INR 250.57; standalone EPS was INR 165.06.

• Cash and cash equivalents at year-end were INR 4,336.90Cr (consolidated) and INR 3,674.21Cr (standalone); strong net cash position maintained.

• Total borrowings (standalone) as of March 31, 2026, were INR 1,499.02Cr.

Outlook and guidance

• No formal earnings outlook provided; management remains prepared for market volatility with strong cash reserves.

• Q1 FY27 revenue coverage: 52% for crude carriers, 66% for product carriers, 100% for LPG carriers, and 76% for dry bulk; offshore segment coverage above 79%.

• Management will assess further impact of new Labour Codes once all rules are notified.