Great Eastern Shipping Company has contracted to sell its 2004 built Medium Range Product Tanker, Jag Pranam of about 48,700 dwt on 15 May 2024 to an unaffiliated third party. The vessel will be delivered to the new buyer by H1 FY25.Additionally, the company had contracted to sell one MR product tanker on April 01, 2024, which is due for delivery in Q1FY25. Powered by Capital Market - Live News

Great Eastern Shipping Company announced that the Board of Directors of the Company at its meeting held on 10 May 2024, inter alia, have recommended the interim dividend of Rs 10.8 per equity Share (i.e. 108%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Great Eastern Shipping Company has appointed Kalpana Morparia as an Independent Director of the Company for a tenure of 5 years w.e.f. 14 November 2024.Powered by Capital Market - Live News

Net profit of Great Eastern Shipping Company rose 25.37% to Rs 905.08 crore in the quarter ended March 2024 as against Rs 721.94 crore during the previous quarter ended March 2023. Sales rose 2.84% to Rs 1497.33 crore in the quarter ended March 2024 as against Rs 1455.98 crore during the previous quarter ended March 2023.For the full year,net profit rose 1.52% to Rs 2614.18 crore in the year ended March 2024 as against Rs 2575.01 crore during the previous year ended March 2023. Sales declined 7.65% to Rs 5255.17 crore in the year ended March 2024 as against Rs 5690.46 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1497.331455.98 3 5255.175690.46 -8 OPM %62.5658.18 -57.5054.96 - PBDT1107.51864.92 28 3420.453148.39 9 PBT941.92697.44 35 2694.382436.34 11 NP905.08721.94 25 2614.182575.01 2 Powered by Capital Market - Live News

Great Eastern Shipping Company has taken the delivery of a 2013 built Medium Range product tanker �Jag Prachi� of about 51,486 dwt. The company had contracted to buy the vessel in Q4 FY24. Including this vessel, the Company`s current fleet stands at 44 vessels, comprising 30 tankers (6 crude carriers, 20 product tankers, 4 LPG carriers) and 14 dry bulk carriers aggregating 3.46 mn dwt.Powered by Capital Market - Live News