Integrated Filing — IndAS



General information about company

Scrip Code 500620
NSE Symbol GESHIP
MSEI Symbol NA
ISIN INE017A01032
Name of company The Great Eastern Shipping Company Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 29-01-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 16-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Shipping
Start date and time of board meeting 29-01-2026   16:00:00
End date and time of board meeting 29-01-2026   17:50:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There were no default on Loan and Debt Securities



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 96,268.00 2,61,826.00
Other income 25,936.00 46,997.00
Total income 1,22,204.00 3,08,823.00
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 15,738.00 44,742.00
(e) Finance costs 2,456.00 8,251.00
(f) Depreciation, depletion and amortisation expense 17,101.00 44,469.00
(f) Other Expenses
1 Fuel oil and water 5,782.00 17,647.00
2 Port, light and canal dues 2,433.00 8,484.00
3 Consumption of spares and stores 4,462.00 12,578.00
4 (Gain)/loss due to change in fair value / settlement of derivative contracts (net) 1,177.00 7,025.00
5 Foreign exchange (gain)/loss (net) (4,392.00) (19,080.00)
6 Impairment on certain ships 0.00 0.00
7 Other Expenses 9,610.00 26,722.00
Total other expenses 19,072.00 53,376.00
Total expenses 54,367.00 1,50,838.00
3 Total profit before exceptional items and tax 67,837.00 1,57,985.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 67,837.00 1,57,985.00
6 Tax expense
7 Current tax 2,400.00 7,995.00
8 Deferred tax 84.00 (166.00)
9 Total tax expenses 2,484.00 7,829.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 65,353.00 1,50,156.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 65,353.00 1,50,156.00
17 Other comprehensive income net of taxes (137.00) (185.00)
18 Total Comprehensive Income for the period 65,216.00 1,49,971.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 14,277.00 14,277.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 45.78 105.18
Diluted earnings (loss) per share from continuing operations 45.68 104.96
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 45.78 105.18
Diluted earnings (loss) per share from continuing and discontinued operations 45.68 104.96
24 Debt equity ratio 0.0800 0.0800
25 Debt service coverage ratio 3.8900 3.9600
26 Interest service coverage ratio 35.5800 25.5400
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1.The Company is engaged only in shipping business segment and there are no separate reportable segments as per Ind AS 108, 'Operating Segments'. 2.The Government of India has consolidated 29 existing labour legislations into a unified framework comprising four labour codes viz the Code on Wages, 2019, the Code on Social Security, 2020, the Industrial Relations Code, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the “Codes”). The Codes have been made effective from November 21, 2025. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The incremental impact of these changes, assessed by the Company, on the basis of the information available, consistent with the guidance provided by the Institute of Chartered Accountants of India, is not material and has been recognised in the standalone financial results of the Company for the quarter and nine months ended December 31, 2025. Once Central/State Rules are notified by the Government on all aspects of the Codes, the Company will evaluate impact, if any, on the measurement of employee benefits and would provide appropriate accounting treatment. 3.The Board of Directors has declared a third interim dividend of Rs. 9.00 per share of Rs. 10/- each. The Company had declared and paid a first interim dividend of Rs. 7.20 per equity share and second interim dividend of Rs. 7.20 per equity share of Rs. 10/- each during the year. The total interim dividends for the year declared aggregates to Rs. 23.40 per equity share. 4.Following were the changes to the fleet during and subsequent to the quarter: Sales -delivered its 2005 built Suezmax Crude Oil Carrier named Jag Lok which was contracted for sale in earlier quarter. -contracted to sell and delivered its 2005 built Medium Range Product Carrier Jag Pooja. -contracted to sell its 2011 built Kamsarmax Dry Bulk Carrier named Jag Aarati delivered subsequent to the end of quarter. -contracted to sell its 2002 built Very Large Gas Carrier named Jag Vishnu to be delivered in fourth quarter of Financial Year 2025-26. Purchases -took delivery of a secondhand Suezmax Crude Oil Carrier built in 2010 renamed as Jag Laadki. -took delivery of a secondhand Kamsarmax Dry Bulk Carrier built in 2016 renamed as Jag Anjali. -contracted to buy a secondhand Ultramax Dry Bulk Carrier built in 2019 renamed as Jag Riddhi and took delivery subsequent to the end of quarter. -contracted to buy a secondhand Very Large Gas Carrier built in 2015 renamed as Jag Vijay and took delivery subsequent to the end of quarter. -contracted to buy a secondhand Medium Range Tanker built in 2013 for delivery in the fourth quarter of Financial Year 2025-26. 5.The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on January 29, 2026. The Statutory Auditors of the Company have carried out a Limited Review of the results for the quarter and nine months ended December 31, 2025. 6.The results for the quarter and nine months ended December 31, 2025, are available on BSE Ltd. website (URL:www.bseindia.com/corporates), on National Stock Exchange of India Ltd. website (URL:www.nseindia.com/corporates) and on the Company website (URL:www.greatship.com/ financial_result.html). 7.Additional disclosures as per Clause 52(4) and Clause 54(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 : (a)As per the terms of issue of 4500 Secured Redeemable Non-convertible Debentures of Rs. 10 lakhs each, the Company has created and maintained exclusive charge on ships (over 1.20 times cover on market value of ships) and additional security by way of mortgage on immovable property. As per the terms of issue of 6000 Unsecured Redeemable Non-convertible Debentures of Rs. 10 lakhs each, the Company has maintained unencumbered assets (including cash and cash equivalents) of market value not less than outstanding face value amount of these debentures. For The Great Eastern Shipping Co. Ltd. (Bharat. K. Sheth) Chairman & Managing Director (DIN : 00022102) Place: Mumbai Date: 29.01.2026



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to Profit or Loss (81.00) (40.00)
Total Amount of items that will not be reclassified to profit and loss (81.00) (40.00)
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified as to Profit or Loss (56.00) (145.00)
Total Amount of items that will be reclassified to profit and loss (56.00) (145.00)
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (137.00) (185.00)