Great Eastern Shipping Delivers Strong Q4, Reappoints Bharat K. Sheth as Deputy Chairman & MD, Announces ₹5.40 Dividend

Great Eastern Shipping Company Ltd. has reinforced its leadership and shareholder commitment with a series of major announcements following a robust March quarter. The board has reappointed industry veteran Bharat K. Sheth as Deputy Chairman and Managing Director, ensuring continuity at the helm as the company navigates dynamic global shipping markets.

 

Key Highlights:

 

Leadership Continuity: Bharat K. Sheth, a pivotal figure in Indian shipping, has been reappointed as Deputy Chairman & Managing Director. With decades of experience and a track record of steering the company through multiple industry cycles, Sheth’s continued leadership is set to drive Great Eastern Shipping’s strategic growth and global competitiveness.

 

Strong Financial Performance: For the March quarter, Great Eastern Shipping reported consolidated revenue from operations of ₹12.23 billion and a net profit of ₹3.63 billion. The company’s operating profit margins remain among the best in the sector, reflecting efficient cost management and a healthy order book.

 

Dividend Declaration: The board has recommended a final dividend of ₹5.40 per share for FY 2024-25, reaffirming its commitment to rewarding shareholders. The company has a history of consistent and attractive dividend payouts, supported by strong cash flows and a solid balance sheet.

 

Operational Excellence: The company continues to maintain a strong return on equity (21%) and robust dividend yield (3.26%), while keeping debt levels in check. Its diversified revenue mix and global market presence have helped it deliver steady growth, even amid volatile shipping cycles.

 

With stable leadership, resilient financials, and a focus on shareholder value, Great Eastern Shipping remains a standout performer in India’s maritime sector.

 

Sources: Great Eastern Shipping Board of Directors, Screener, MarketScreener, Motilal Oswal, Adani Ports