Great Eastern Shipping reports strong Q2 FY26 earnings, declares 15th consecutive dividend

The Great Eastern Shipping Company Limited (GESCO) reported consolidated net profits of INR 581 Cr for Q2 FY26. The company’s consolidated net asset value (NAV) stood at INR 1,484/share as of September 30, 2025. GESCO declared an interim dividend of INR 7.20/Share for Q2 FY26, marking its 15th consecutive quarterly dividend.

For the half-year (H1 FY26), consolidated net profit reached INR 1,086 Cr. Total consolidated assets were INR 17,743 Cr, with equity at INR 15,225 Cr. Net debt on a consolidated basis was (INR 6,905) Cr. The company's earnings per share (EPS) for Q2 FY26 was INR 36.79, and cash profit per share was INR 52.46.

In operational highlights, crude carriers recorded average TCYs of $29,974/day in Q2 FY26, a 5% increase year-on-year. LPG carriers also performed strongly at $43,146/day. The standalone NAV has shown a 19% CAGR, reaching INR 1,179 in Q2 FY26 from INR 454 in FY20.