The Great Eastern Shipping Company Limited has announced its financial results for the second quarter and half-year ended September 30, 2026. The company reported a consolidated net profit of INR 1,269 Crore and a standalone net profit of INR 1,027 Crore for Q2 FY27. Cash profits stood at INR 1,522 Crore (Consolidated) and INR 1,211 Crore (Standalone). The Net Asset Value reached INR 2,224/share on a consolidated basis, marking a ‘Highest Ever’ level.
Financial Highlights for Q2 FY27
The Great Eastern Shipping Company Limited has released its financial performance for the second quarter of the fiscal year 2027 (Q2 FY27) ending September 30, 2026. The company demonstrated robust financial health, with key figures showing significant growth and stability.
Net Profit
- Consolidated Net Profit: INR 1,269 Crore
- Standalone Net Profit: INR 1,027 Crore
Cash Profit
- Consolidated Cash Profit: INR 1,522 Crore
- Standalone Cash Profit: INR 1,211 Crore
Net Asset Value (NAV)
- Consolidated NAV: INR 2,224 /share (Highest Ever)
- Standalone NAV: INR 1,787 /share
Interim Dividend
- Dividend Per Share: INR 14.40 /share
- This marks the 19th consecutive quarterly dividend, maintaining a consistent return to shareholders. The dividend payout maintains its position at the highest ever level.
Reported Financials (Unaudited)
The detailed financials reveal the company’s operational and financial standing across different segments.
Income Statement (Figures in INR Crores)
| Standalone | Consolidated | |||||
| Q2 FY27 | Q2 FY26 | H1 FY27 | Q2 FY27 | Q2 FY26 | H1 FY27 | |
| Revenue* | 1,702 | 950 | 3,521 | 2,234 | 1,382 | 4,520 |
| EBITDA* | 1,244 | 660 | 2,624 | 1,566 | 868 | 3,185 |
| Net Profit | 1,027 | 460 | 2,184 | 1,269 | 581 | 2,578 |
Balance Sheet (Figures in INR Crores)
| Standalone | Consolidated | |||||
| Q2 FY27 | Q2 FY26 | H1 FY27 | Q2 FY27 | Q2 FY26 | H1 FY27 | |
| Total Assets | 17,245 | 14,815 | 17,245 | 21,171 | 17,743 | 21,171 |
| Equity | 15,482 | 12,660 | 15,482 | 18,932 | 15,225 | 18,932 |
| Gross Debt | 800 | 1,249 | 800 | 800 | 1,249 | 800 |
| Net Debt | (6,201) | (5,290) | (6,201) | (8,475) | (6,905) | (8,475) |
Cash Flows (Figures in INR Crores)
| Standalone | Consolidated | |||||
| Q2 FY27 | Q2 FY26 | H1 FY27 | Q2 FY27 | Q2 FY26 | H1 FY27 | |
| From Operating Activities | 999 | 470 | 1,955 | 1,267 | 658 | 2,474 |
| From Investing Activities | (182) | (638) | (335) | (362) | (198) | (655) |
| From Financing Activities | (469) | (104) | (1,017) | (469) | (742) | (1,017) |
| Net Cash Inflow/Outflow | 348 | (272) | 603 | 436 | (282) | 802 |
* Including Other Income
Normalised Financials
The normalized financials provide adjusted figures, removing the impact of exchange rate fluctuations and certain tax adjustments.
Income Statement (Figures in INR Crores)
| Standalone | Consolidated | |||||
| Q2 FY27 | Q2 FY26 | H1 FY27 | Q2 FY27 | Q2 FY26 | H1 FY27 | |
| Revenue* | 1,702 | 950 | 3,521 | 2,234 | 1,382 | 4,520 |
| EBITDA* | 1,200 | 587 | 2,563 | 1,504 | 797 | 3,111 |
| Net Profit | 988 | 398 | 2,136 | 1,213 | 525 | 2,517 |
Balance Sheet (Figures in INR Crores)
| Standalone | Consolidated | |||||
| Q2 FY27 | Q2 FY26 | H1 FY27 | Q2 FY27 | Q2 FY26 | H1 FY27 | |
| Total Assets | 17,245 | 14,815 | 17,245 | 21,171 | 17,743 | 21,171 |
| Equity | 15,482 | 12,660 | 15,482 | 18,932 | 15,225 | 18,932 |
| Gross Debt | 1,143 | 1,652 | 1,143 | 1,143 | 1,652 | 1,143 |
| Net Debt | (5,858) | (4,888) | (5,858) | (8,131) | (6,502) | (8,131) |
* Including Other Income
Normalised Financial Highlights
| Key Financial Highlights | Standalone | Consolidated | ||||
| Q2 FY27 | Q2 FY26 | H1 FY27 | Q2 FY27 | Q2 FY26 | H1 FY27 | |
| Return on Equity | 26% | 13% | 29% | 26% | 14% | 28% |
| Return on Capital Employed | 24% | 12% | 27% | 25% | 13% | 26% |
| Gross Debt/Equity (x) | 0.07 | 0.13 | 0.07 | 0.06 | 0.11 | 0.06 |
| Net Debt/Equity (x) | (0.38) | (0.39) | (0.38) | (0.43) | (0.43) | (0.43) |
| Earning Per Share (INR/Share) | 69.40 | 27.84 | 149.76 | 85.18 | 36.79 | 176.49 |
| Cash Profit Per Share (INR/Share) | 82.38 | 38.29 | 174.36 | 102.91 | 52.46 | 210.60 |
| Dividend Per Share (INR/Share) | 14.40 | 7.20 | 28.80 | 14.40 | 7.20 | 28.80 |
| NAV Per Share (INR/Share) | 1,787 | 1,179 | 1,787 | 2,197-2250 | 1,461-1,508 | 2,197-2250 |
* Including Other income
P&L Statement – Industry Format
The P&L statement provides a detailed breakdown of revenues and expenses.
| Figures in INR Crores | Standalone | Consolidated | ||||
| Q2 FY27 | Q2 FY26 | H1 FY27 | Q2 FY27 | Q2 FY26 | H1 FY27 | |
| Operating Revenue | 1,327 | 847 | 2,876 | 1,816 | 1,236 | 3,816 |
| Less: Direct Operating Expense/Voyage Expense | 138 | 97 | 274 | 219 | 174 | 431 |
| Time Charter Equivalent (A) | 1,190 | 749 | 2,601 | 1,598 | 1,063 | 3,385 |
| Profit on sale of ships and other asset | 308 | 0 | 433 | 308 | 0 | 433 |
| Other Income | 67 | 103 | 213 | 113 | 145 | 275 |
| Total Other Income (B) | 375 | 103 | 646 | 421 | 145 | 707 |
| Other Operating Expense | 277 | 202 | 515 | 402 | 334 | 750 |
| Administrative and General Expense | 88 | 64 | 169 | 108 | 79 | 229 |
| Total Expense (C) | 364 | 266 | 685 | 511 | 413 | 978 |
| EBITDA (D) = [(A)+(B)-(C)] | 1,200 | 587 | 2,563 | 1,508 | 795 | 3,114 |
| Depreciation and Amortisation (E) | 185 | 149 | 351 | 253 | 224 | 487 |
| Operating Profit including Other Income (G) = [(D)-(E)-(F)] | 1,015 | 437 | 2,212 | 1,255 | 571 | 2,627 |
| Finance Expense (H) | 17 | 27 | 37 | 18 | 44 | 38 |
| Derivative Losses/(Gains) (I) | 13 | 61 | 4 | 7 | 59 | 1 |
| Foreign Currency Exchange Losses/(Gains) (J) | (57) | (135) | (66) | (66) | (132) | (72) |
| Income Tax Expense (K) | 15 | 25 | 53 | 27 | 19 | 83 |
| Net Profit [(G)-(H)-(I)-(J)-(K)] | 1,027 | 460 | 2,184 | 1,269 | 581 | 2,578 |
Source: BSE
