Great Eastern Shipping reports strong earnings, names Bharat K. Sheth chairman

The Great Eastern Shipping Company Limited announced its unaudited consolidated financial results for the quarter and half year ended September 30, 2025. The company reported a total income of INR 2718.66 crores and a profit before tax of INR 1136.64 crores for the half year. Net profit after tax stood at INR 1085.91 crores, with basic earnings per share of INR 76.06. The board declared a second interim dividend of INR 7.20 per share for FY 2025-26, bringing the total interim dividends for the year to INR 14.40 per equity share.

In a significant leadership transition, K. M. Sheth, non-executive chairman, will step down from his role effective November 9, 2025, due to age-related reasons. The board has appointed him as 'chairman emeritus' for life, an honorary position. Bharat K. Sheth, deputy chairman and managing director, will assume the role of 'chairman' and managing director, effective November 9, 2025.

During the quarter, the company made several fleet adjustments, including contracting to sell two 2005-built crude oil and product carriers, while taking delivery of a 2015-built dry bulk carrier and contracting to buy secondhand Suezmax crude and Kamsarmax dry bulk carriers.