Great Eastern Shipping reports higher Q1 profit, declares dividend

Great Eastern Shipping Company reported higher net profit in Q1 FY26 compared to the previous quarter and declared its 14th consecutive interim dividend of INR 7.20 per share, representing a 27% payout on standalone earnings.

Crude tanker average earnings dropped to $33,800 per day from $46,000 in Q1 FY25, while product tankers fell to just under $25,000 from $37,000. LPG ships improved to $43,800 from $36,700, and bulk carriers declined to just under $15,000 from $18,000.

The company maintains net cash of approximately $700 million at group level.