Great Eastern Shipping Profit Jumps 118.3% to 1,269.23 Crore Rupees
Key Facts
Great Eastern Shipping posted consolidated net profit of 1,269.23 crore rupees in the quarter ended September 30, 2026, up 118.3% from 581.41 crore rupees in the year-earlier period, according to a CNBC-TV18 report via TradingView. The board approved the unaudited results at its meeting on November 6, 2026, the company said in a disclosure. Revenue from operations rose to 1,824.42 crore rupees from 1,241.78 crore rupees a year earlier, a 46.9% increase year on year. Earnings before interest, tax, depreciation and amortization also rose to 1,157 crore rupees, compared with 728.05 crore rupees. The figures reflect growth in revenue and operating profitability, alongside gains from asset sales that contributed to the quarter’s result.
The earnings before interest, tax, depreciation and amortization margin rose to 63.4% in the second quarter of fiscal 2026-27, from 59% in the year-earlier period, the report said. Total income was 2,233.65 crore rupees, compared with 1,381.78 crore rupees a year earlier. The total included other income of 409.23 crore rupees, against 140 crore rupees in the corresponding period. Total income was therefore higher than revenue from operations, with other income making a clear contribution to the quarter’s tally. The report said earnings before interest, tax, depreciation and amortization rose 58.9% year on year and its margin widened to 63.4%.
The results included a gain of 307.90 crore rupees from the sale of ships and other assets in the September 2026 quarter, compared with 0.12 crore rupees in the year-earlier period. The difference highlights the role of sales in the year-on-year comparison of net profit, alongside growth in revenue and operating margins. Other income was 409.23 crore rupees during the quarter, after 140 crore rupees a year earlier. These figures show that profit growth coincided with an increase in other income and a gain from asset sales. The quarter’s tally therefore reflects business performance and other sources of income, and cannot be explained by revenue from operations alone.
Shipping was the larger of the two segments in terms of revenue and segment result, posting revenue of 1,845.38 crore rupees and a result of 1,117.81 crore rupees in the second quarter of fiscal 2026-27, the report said. In the corresponding period, the segment recorded revenue of 1,050.71 crore rupees and a result of 488.52 crore rupees. The comparison shows year-on-year increases in shipping revenue and segment result. The marine services segment posted revenue of 398.16 crore rupees, compared with 338.23 crore rupees a year earlier. Its result rose to 151.42 crore rupees from 92.89 crore rupees in the corresponding period.
Net profit fell 3.0% from the previous quarter, according to the correction in the evidence, despite its sharp year-on-year increase. This puts the quarter-to-quarter sequence in a different light from the comparison with the previous year, since annual growth does not mean profit rose from the immediately preceding fiscal period. The quarter also included a gain of 307.90 crore rupees from the sale of ships and assets, after 0.12 crore rupees in the year-earlier period. On the expense side, finance costs were 17.95 crore rupees, down 58.9% from 43.64 crore rupees a year earlier. Lower finance costs add another factor to the reading of the period’s result, alongside the performance of the two segments and other income.
The board approved a second interim dividend for fiscal 2026-27 of 14.40 rupees per share, according to The Financial Express. It set November 13, 2026, as the record date for the dividend. The company said payment will begin on December 1, 2026, or thereafter. The dividend announcement came with the release of results for the period ended September 30, 2026, which the board approved at its meeting on November 6. The quarter’s disclosures therefore include both results for the three months ended September and the dividend record and payment dates.