BSECompany Update4 Aug 2026 · 4 Aug 2026, 10:18 am
We enclose herewith Investor Presentation pertaining to Unaudited Financial Results for the quarter ended June 30, 2026
Great Eastern Shipping Company Ltd · 500620
✦ AI Summary▲ PositiveResults
Great Eastern Shipping Company Ltd has announced its unaudited financial results for the quarter ended June 30, 2026, with net profit and cash profit reaching their highest ever at INR 1,309 Cr and INR 1,543 Cr respectively. The company has also reported a net asset value of INR 1,886 per share, its highest ever.
Analysis Scores
Earnings Impact8/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment9/10
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Great Eastern Shipping Company Ltd - 500620 - Announcement under Regulation 30 (LODR)-Investor Presentation
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Our Ref.: S/2026/SECL August 04, 2026
BSE Limited National Stock Exchange of India Limited
1st Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1,
Dalal Street, Bandra Kurla Complex, Bandra (East),
Mumbai – 400 001 Mumbai – 400 051
BSE Scrip code: 500620 Trading Symbol - GESHIP
Dear Sir/ Madam,
We enclose herewith Investor Presentation pertaining to the Unaudited Financial
Results for the quarter ended June 30, 2026.
You are requested to take note of the above.
Thanking You,
Yours faithfully,
For The Great Eastern Shipping Company Limited
Anand Punde
Company Secretary
Email Id: anand_punde@greatship.com
www.greatship.com
INVESTOR PRESENTATION
Q1FY27
Disclaimer
This presentation and the accompanying slides (the “Presentation”), which have been prepared by The Great Eastern Shipping Company Limited (the
“Company”), have been preparedsolelyforinformationpurposes and do notconstitute anyoffer,recommendationorinvitationto purchase orsubscribe forany
securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the
Companywillbemadeexceptbymeansofastatutoryoffering document containing detailed informationabouttheCompany.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no
representationorwarranty, expressorimplied,whatsoever,andno relianceshall be placedon, thetruth, accuracy, completeness,fairnessandreasonableness of
thecontentsofthisPresentation.ThisPresentationmaynotbeallinclusiveand maynot containalltheinformationthatyoumayconsidermaterial.Anyliabilityin
respectofthecontentsof,oranyomission from, this Presentation isexpressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually
andcollectively forward-lookingstatements. Such forward-lookingstatements are not guarantees of future performance and are subject to known and unknown
risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian
economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to
successfully implement its strategy, the Company’s future levels of growthandexpansion, technological implementation,changesandadvancements,changes in
revenue,income or cashflows,theCompany’smarketpreferences andits exposure to marketrisks,as wellasother risks.TheCompany’s actual results, levelsof
activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no
obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties
includedinthisPresentationarenotadoptedbytheCompanyandtheCompanyisnotresponsiblefor suchthird-partystatements andprojections.
All Maps used in the document are not to scale. All data, information and maps are provided "as is" without warranty or any representation of accuracy,
timelinessorcompleteness.
Financial Highlights
1Q27 Results Highlights
NET PROFIT CASH PROFIT
HIGHEST EVER HIGHEST EVER
Consolidated INR 1,309 Cr
Consolidated INR 1,543 Cr
Standalone INR 1,157 Cr Standalone INR 1,323 Cr
NET ASSET VALUE HIGHEST EVER INTERIM DIVIDEND HIGHEST EVER
Consolidated INR 1,886 /share Per share INR 14.40 /share
Standalone INR 1,512 /share 18th consecutive quarterly dividend
Reported Financials
Standalone Consolidated
Figures in INR Crores Q1 FY27 Q1 FY26 FY26 Q1 FY27 Q1 FY26 FY26
Income Statement
Revenue* 1,819 916 4,420 2,286 1,337 6,312
EBITDA* 1,380 573 3,125 1,619 778 4,051
Net Profit 1,157 388 2,356 1,309 505 2,943
Balance Sheet
Total Assets 16,630 14,328 15,965 20,267 17,695 19,460
Equity 14,917 12,304 13,930 18,099 14,693 16,962
Gross Debt 799 1,249 1,049 799 1,853 1,049
Net Debt (5,889) (5,444) (5,346) (8,056) (6,434) (7,402)
Cash Flows
- From Operating Activities 956 448 1,954 1,207 645 2,769
- From Investing Activities (153) 151 (1,304) (293) 106 (958)
- From Financing Activities (548) (427) (1,054) (548) (494) (1,759)
Net Cash Inflow/Outflow 255 172 (404) 366 257 52
* Including Other Income
Normalised Financials
Standalone Consolidated
Figures in INR Crores Q1 FY27 Q1 FY26 FY26 Q1 FY27 Q1 FY26 FY26
Income Statement
Revenue* 1,819 916 4,420 2,286 1,337 6,312
EBITDA* 1,363 558 2,872 1,606 763 3,770
Net Profit 1,147 388 2,136 1,304 506 2,688
Balance Sheet
Total Assets 16,630 14,328 15,965 20,267 17,695 19,460
Equity 14,917 12,304 13,930 18,099 14,693 16,962
Gross Debt 1,129 1,595 1,485 1,129 2,199 1,485
Net Debt (5,559) (5,098) (4,911) (7,726) (6,088) (6,967)
* Including Other Income
Normalised Financial Workings: The impact of the exchange rate on foreign currency loans and current assets and liabilities,
including cash and bank balances, has been removed. Additionally, numbers have been adjusted for tax reversals and impairments
(takenin FY25).
NCD &CurrencySwaps:
• Fundsraised throughNCDs havebeen swappedinto USDusingINR-FCYswaps,thuscreatingsyntheticfixedrateUSDloans.
• TheMTMchangeof theseswaps impactsthereported numbers.
• Normalized numbers are worked out after making necessary adjustments to reported numbers to reflect the effective cost of the
syntheticUSDloans.
Normalised Financial Highlights
Standalone Consolidated
Key Financial Highlights Q1 FY27 Q1 FY26 FY26 Q1 FY27 Q1 FY26 FY26
Return on Equity 32% 13% 16% 30% 14% 17%
Return on Capital Employed 29% 12% 15% 28% 13% 16%
Gross Debt/Equity (x) 0.08 0.13 0.11 0.06 0.15 0.09
Net Debt/Equity (x) (0.37) (0.41) (0.35) (0.43) (0.41) (0.41)
Earning Per Share (INR/Share) 80.35 27.18 149.61 91.30 35.43 188.29
Cash Profit Per Share (INR/Share) 91.97 35.90 191.21 107.68 49.25 250.57
Dividend Per Share (INR/Share) 11.70 5.40 29.70 11.70 5.40 29.70
NAV Per Share (INR/Share) 1,512 1,422 1,422 1,862-1,911 1,772-1,821 1,772-1,821
* Including Other income
P&L Statement – Industry Format
Standalone Consolidated
Figures in INR Crores Q1 FY27 Q1 FY26 FY26 Q1 FY27 Q1 FY26 FY26
Operating Revenue 1,548 796 3,632 2,000 1,195 5,385
Less: Direct Operating Expense/Voyage Expense 137 89 373 212 166 701
Time Charter Equivalent (A) 1,412 707 3,260 1,787 1,029 4,684
Profit on sale of ships and other asset 125 0 441 125 0 441
Other Income 146 121 347 162 142 484
Total Other Income (B) 271 121 788 287 143 925
Other Operating Expense 239 199 871 347 296 1,427
Administrative and General Expense 82 71 305 120 113 411
Total Expense (C) 320 269 1,175 468 408 1,838
EBITDA (D) = [(A)+(B)-(C)] 1,363 558 2,872 1,606 763 3,771
Depreciation and Amortisation (E) 166 125 594 234 197 889
Operating Profit including Other Income (G) = [(D)-(E)-(F)] 1,197 434 2,278 1,372 566 2,881
Finance Expense (H) 19 31 105 20 45 136
Derivative Losses/(Gains) (I) (9) (3) 149 (6) 0 153
Foreign Currency Exchange Losses/(Gains) (J) (8) (12) (401) (7) (15) (433)
Income Tax Expense (K) 38 29 70 56 31 83
Net Profit [(G)-(H)-(I)-(J)-(K)] 1,157 388 2,356 1,309 505 2,943
Business Overview
Crude and Product Tanker
Avg. Suezmax Earnings (USD/day)
Crude Tankers
300000
• Global Dirty (Crude & Fuel Oil) volumes dropped by 12% y/y in Q1 FY27 as stand off over
Hormuz continued. However, the jump in Atlantic trade (+13% y/y) enabled ton-mile boost. 250000
• Crude Oil on Water rebounded to pre-war levels due to longer voyage duration driven by
200000
higher Atlantic-Asia trade. US Strategic Petroleum Reserve (SPR) release of 1-1.5mbpd
supported tanker demand, with a significant portion of these volumes moving to Asia. 150000
• China’s seaborne crude oil imports unexpectedly fell by ~35% y/y led by lower Refinery Runs
100000
& Inventory destocking.
• Total Crude Tanker fleet grew by ~2% y/y. In addition, ~25%
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