The Great Eastern Shipping Company’s Board of Directors has approved the unaudited financial results for Q2 FY26, ending September 30, 2025. The board also declared a second interim dividend of ₹7.20 per share. The record date for determining shareholders eligible for the dividend is November 13, 2025, with payment to be made on or after December 2, 2025. Additionally, there were changes to the company’s fleet during and subsequent to the quarter.
Financial Performance Approved
The Board of Directors has approved the unaudited financial results (provisional) for Q2 FY26 and the half-year ended September 30, 2025.
Interim Dividend Announcement
A second interim dividend for FY26 of ₹7.20 per share has been declared for equity shareholders. The ‘Record Date’ to ascertain shareholders’ eligibility is November 13, 2025. The dividend will be paid on or after December 2, 2025.
Fleet Changes
The following changes were made to the fleet during and after the quarter:
Sales:
The company contracted to sell its 2005-built Suezmax Crude Oil Carrier named Jag Lok. Delivery is scheduled for Q3 FY26.
Subsequent to the end of Q2, the company contracted to sell its 2005-built Medium Range Product Carrier Jag Pooja. Delivery is scheduled for Q3 FY26.
Purchases:
The company took delivery of a Kamsarmax Dry Bulk Carrier built in 2015, renamed Jag Amol.
It contracted to buy a secondhand Suezmax Crude Oil Carrier built in 2010, renamed Jag Laadki, and took delivery following the end of the quarter.
A contract was signed to purchase a secondhand Kamsarmax Dry Bulk Carrier built in 2016, renamed Jag Anjali, with delivery after the quarter ended.
After Q2, the company contracted to purchase a secondhand Ultramax Dry Bulk Carrier built in 2019. Delivery is expected in Q4 FY26.
Auditor Review
The Audit Committee reviewed these results, and the Board of Directors approved them at their meeting on November 7, 2025. The company’s auditors conducted a limited review of the results for Q2 and the half-year ended September 30, 2025.
Financial Highlights (Consolidated)
Total Income: ₹2,718.66 crores
Profit Before Tax: ₹1,136.64 crores
Profit for the period: ₹1,085.91 crores
Earnings per share (Basic): ₹76.06
Earnings per share (Diluted): ₹75.91
Source: BSE
