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Great Eastern Shipping Company reported a strong Q3 FY26 performance with consolidated revenue of 14.54 billion rupees and net profit of 8.13 billion rupees. The board declared a third interim dividend of 9 rupees per share. Margins expanded significantly, supported by firm tanker markets and fleet expansion.
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Great Eastern Shipping Company Ltd announced impressive financial results for the third quarter of FY26, reflecting resilience in global shipping markets and effective operational leverage.
Key Highlights
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Revenue from operations stood at 14.54 billion rupees, marking a 17.6% year-on-year increase.
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Consolidated net profit rose to 8.13 billion rupees, up nearly 37% compared to the same quarter last year.
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EBITDA surged 36.7% to 8.35 billion rupees, driven by stronger freight rates and efficient cost management.
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Operating margin expanded to 57.4%, compared to 49.4% in Q3 FY25.
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The board declared a third interim dividend of 9 rupees per share, with a record date of February 4, 2026, and payment scheduled on or after February 24, 2026.
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Fleet developments included the acquisition of a 2019-built Ultramax Dry Bulk Carrier Jag Riddhi and the sale of a 2011-built Kamsarmax vessel Jag Aarati, bringing the owned fleet to 40 vessels aggregating 3.20 million dwt.
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Consolidated NAV as of December 31, 2025, stood at 1,566 rupees per share, while standalone NAV was 1,233 rupees per share.
Sources: CNBC TV18, Capital Market Live News, InvestyWise
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