Great Eastern Shipping reports strong Q2 net profit, declares dividend

The Great Eastern Shipping Company Limited announced a consolidated net profit of INR 581 Cr for Q2 FY26, a slight increase from INR 576 Cr in Q2 FY25. The company’s consolidated revenue for Q2 FY26 was INR 1,382 Cr, compared to INR 1,580 Cr in the corresponding period last year. The consolidated Net Asset Value (NAV) stood at INR 1,484/share as of September 30, 2025.

Great Eastern Shipping declared an interim dividend of INR 7.20/Share for Q2 FY2026, marking its 15th consecutive quarterly dividend. The company’s standalone NAV has also shown positive movement, with a 5-year CAGR of 19%, reaching INR 1,179 by Q2 FY26.

The fleet profile for shipping shows a total of 41 vessels with a total DWT of 33,71,935 as of November 7, 2025, with an average age of 15.19 years. The company has also contracted to purchase a 6yr Ultramax Dry Bulk Carrier and sell two 20yr vessels, a Crude Carrier and an MR Product Tanker. The orderbook for the dry bulk sector stands at ~10.8% of the fleet.