| 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 | Consolidated |
| 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 | Multi segment |
| Description of single segment | |
| 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 |
| 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 | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 1,45,444.00 | 3,89,769.00 | |
| Other income | 28,209.00 | 55,750.00 | |
| Total income | 1,73,653.00 | 4,45,519.00 | |
| 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 | 24,637.00 | 68,215.00 |
| (e) | Finance costs | 2,495.00 | 11,346.00 |
| (f) | Depreciation, depletion and amortisation expense | 24,625.00 | 66,733.00 |
| (f) | Other Expenses | ||
| 1 | Fuel oil and water | 7,925.00 | 23,819.00 |
| 2 | Port, light and canal dues | 2,871.00 | 9,879.00 |
| 3 | Consumption of spares and stores | 8,190.00 | 23,400.00 |
| 4 | (Gain)/loss due to change in fair value / settlement of derivative contracts (net) | 1,539.00 | 7,449.00 |
| 5 | Foreign exchange (gain)/loss (net) | (4,948.00) | (19,638.00) |
| 6 | Impairment on certain ships | 0.00 | 0.00 |
| 7 | Other Expenses | 21,665.00 | 55,998.00 |
| Total other expenses | 37,242.00 | 1,00,907.00 | |
| Total expenses | 88,999.00 | 2,47,201.00 | |
| 3 | Total profit before exceptional items and tax | 84,654.00 | 1,98,318.00 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 84,654.00 | 1,98,318.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 1,377.00 | 6,952.00 |
| 8 | Deferred tax | 2,025.00 | 1,523.00 |
| 9 | Total tax expenses | 3,402.00 | 8,475.00 |
| 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 | 81,252.00 | 1,89,843.00 |
| 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 | 81,252.00 | 1,89,843.00 |
| 17 | Other comprehensive income net of taxes | 1,810.00 | 7,746.00 |
| 18 | Total Comprehensive Income for the period | 83,062.00 | 1,97,589.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 81,252.00 | 1,89,843.00 | |
| Total profit or loss, attributable to non-controlling interests | 0.00 | 0.00 | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 1,810.00 | 7,746.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 0.00 | 0.00 | |
| 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 | 56.91 | 132.97 | |
| Diluted earnings (loss) per share from continuing operations | 56.8 | 132.7 | |
| 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 | 56.91 | 132.97 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 56.8 | 132.7 | |
| 24 | Debt equity ratio | 0.0700 | 0.0700 |
| 25 | Debt service coverage ratio | 4.0800 | 2.1300 |
| 26 | Interest service coverage ratio | 44.800 | 24.3600 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1.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 Group, 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 consolidated financial results of the Group 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 Group will evaluate impact, if any, on the measurement of employee benefits and would provide appropriate accounting treatment. 2.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. 3.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. 4.During the quarter, voluntary liquidation petition of Greatship Oilfield Services Limited (GOSL), wholly owned subsidiary, was approved by the National Company Law Tribunal vide its order dated December 11, 2025. Pursuant to filing of the said dissolution order along with relevant clarifications, Registrar of Companies approval was received on January 16, 2026. Accordingly, GOSL stands dissolved with effect from December 11, 2025. 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 Group 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) ( K. M. Sheth ) Chairman & Managing Director (DIN : 00022102) Chairman Place: Mumbai Date: 29.01.2026 |
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| Debt equity ratio | |
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| Debt service coverage ratio | |
| Interest service coverage ratio |
| 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 | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Shipping | 1,31,772.00 | 3,36,264.00 | ||||
| 2 | Offshore | 43,258.00 | 1,12,122.00 | ||||
| Total Segment Revenue | 1,75,030.00 | 4,48,386.00 | |||||
| Less: Inter segment revenue | 1,377.00 | 2,867.00 | |||||
| Revenue from operations | 1,73,653.00 | 4,45,519.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Shipping | 65,619.00 | 1,52,326.00 | ||||
| 2 | Offshore | 15,633.00 | 37,517.00 | ||||
| Total Profit before tax | 81,252.00 | 1,89,843.00 | |||||
| i. Finance cost | 0.00 | 0.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 0.00 | 0.00 | |||||
| Profit before tax | 81,252.00 | 1,89,843.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Shipping | 13,74,024.00 | 13,74,024.00 | ||||
| 2 | Offshore | 4,57,865.00 | 4,57,865.00 | ||||
| Total Segment Asset | 18,31,889.00 | 18,31,889.00 | |||||
| Un-allocable Assets | 0.00 | 0.00 | |||||
| Net Segment Asset | 18,31,889.00 | 18,31,889.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Shipping | 1,96,171.00 | 1,96,171.00 | ||||
| 2 | Offshore | 40,477.00 | 40,477.00 | ||||
| Total Segment Liabilities | 2,36,648.00 | 2,36,648.00 | |||||
| Un-allocable Liabilities | 0.00 | 0.00 | |||||
| Net Segment Liabilities | 2,36,648.00 | 2,36,648.00 | |||||
| Disclosure of notes on segments | |||||||
| 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 | Consolidated | Consolidated |
| 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 | (84.00) | (216.00) |
| Total Amount of items that will not be reclassified to profit and loss | (84.00) | (216.00) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (3.00) | (23.00) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Items that will be reclassified to Profit or Loss | 1,913.00 | 7,982.00 |
| Total Amount of items that will be reclassified to profit and loss | 1,913.00 | 7,982.00 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | 22.00 | 43.00 |
| 5 | Total Other comprehensive income | 1,810.00 | 7,746.00 |