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Great Eastern Shipping Company (GE Shipping) took delivery of 2014 built Medium Range Tanker �Jag Prabhu� of about 49,420 dwt. The company had contracted to buy the vessel in Q1 FY27. This vessel is financed entirely from internal accruals. After this transaction, the company`s current owned fleet stands at 40 vessels, comprising 25 Tankers (5 Crude Tankers, 16 Product Tankers, 4 LPG Carriers) and 15 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.24 mn dwt. The Company`s current capacity utilization is close to 100%. Additionally, the company has contracted to buy one secondhand Long Range 2 Product Tanker, and this purchase transaction is expected to be completed in Q2 FY27.

Great Eastern Shipping Company has contracted to buy a secondhand Long Range 2 Tanker of about 110,000 dwt. The 2015 built vessel is expected to join the Company`s fleet in Q2 FY27.The proposed vessel will be financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet.The company`s current owned fleet stands at 39 vessels, comprising 24 Tankers (5 Crude Tankers, 15 Product Tankers, 4 LPG Carriers) and 15 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.19 mn dwt. The Company`s current capacity utilization is close to 100%.

Great Eastern Shipping Company announced that the Board of Directors of the Company at its meeting held on 14 May 2026, inter alia, have recommended the Fourth Interim dividend of Rs 11.7 per equity Share (i.e. 117%) , subject to the approval of the shareholders.

Net profit of Great Eastern Shipping Company rose 187.56% to Rs 1044.09 crore in the quarter ended March 2026 as against Rs 363.09 crore during the previous quarter ended March 2025. Sales rose 23.58% to Rs 1511.40 crore in the quarter ended March 2026 as against Rs 1223.04 crore during the previous quarter ended March 2025.For the full year,net profit rose 25.52% to Rs 2942.52 crore in the year ended March 2026 as against Rs 2344.26 crore during the previous year ended March 2025. Sales rose 1.63% to Rs 5409.09 crore in the year ended March 2026 as against Rs 5322.54 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1511.401223.04 24 5409.095322.54 2 OPM %62.2941.01 -58.2050.30 - PBDT1264.33601.17 110 3914.853274.92 20 PBT1042.61395.87 163 3025.792461.69 23 NP1044.09363.09 188 2942.522344.26 26 Powered by Capital Market - Live News

Great Eastern Shipping Company will hold a meeting of the Board of Directors of the Company on 14 May 2026.