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 14-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 30-04-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth 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 Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 14-05-2026   14:00:00
End date and time of board meeting 14-05-2026   17:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,51,140.00 5,40,909.00
Other income 34,583.00 90,333.00
Total income 1,85,723.00 6,31,242.00
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 24,992.00 93,207.00
(e) Finance costs 2,290.00 13,636.00
(f) Depreciation, depletion and amortisation expense 22,173.00 88,906.00
(f) Other Expenses
1 Fuel oil and water 8,146.00 31,965.00
2 Port, light and canal dues 4,337.00 14,216.00
3 Consumption of spares and stores 11,738.00 35,138.00
4 (Gain)/loss due to change in fair value/ settlement of derivative contracts (net) 7,805.00 15,254.00
5 Foreign exchange (gain)/loss (net) (23,682.00) (43,320.00)
6 Impairment on certain ships 0.00 0.00
7 Other Expenses 23,663.00 79,661.00
Total other expenses 32,007.00 1,32,914.00
Total expenses 81,462.00 3,28,663.00
3 Total profit before exceptional items and tax 1,04,261.00 3,02,579.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,04,261.00 3,02,579.00
6 Tax expense
7 Current tax 697.00 7,649.00
8 Deferred tax (845.00) 678.00
9 Total tax expenses (148.00) 8,327.00
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 1,04,409.00 2,94,252.00
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 1,04,409.00 2,94,252.00
17 Other comprehensive income net of taxes 9,448.00 17,194.00
18 Total Comprehensive Income for the period 1,13,857.00 3,11,446.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 1,04,409.00 2,94,252.00
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 9,448.00 17,194.00
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 16,81,972.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 73.13 206.11
Diluted earnings (loss) per share from continuing operations 72.98 205.69
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 73.13 206.11
Diluted earnings (loss) per share from continuing and discontinued operations 72.98 205.69
24 Debt equity ratio 0.0600 0.0600
25 Debt service coverage ratio 56.2100 3.1900
26 Interest service coverage ratio 56.2100 29.7100
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 2.The Government of India has notified the Code on Social Security, 2020 (Social Security Code); the Occupational Safety, Health and Working Conditions Code, 2020; the Industrial Relations Code, 2020 and the Code on Wages, 2019 (collectively, the Labour Codes) on November 21, 2025. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to Labour Codes. In accordance with Ind AS 19 - Employee benefits, changes to employee benefit plans arising from legislative amendments are treated as plan amendments, requiring immediate recognition of past service cost in the Consolidated Statement of Profit and Loss. This approach is consistent with the guidance issued by the Institute of Chartered Accountants of India. The resultant expense on account of implementation of the Labour Codes has been recognized as an expense in the current year. 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 fourth interim dividend of Rs. 11.70 per equity share of Rs. 10/- each. For the nine months period ended December 31, 2025, the Company had declared and paid three interim dividends totalling to Rs. 23.40 per equity share of Rs. 10/- each. The Board of Directors has also decided that there will be no final dividend for the Financial Year ended March 31, 2026. The total dividend declared for the year aggregates to Rs. 35.10 per equity share.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 9,28,720.00
Capital work-in-progress 4,288.00
Investment property 0.00
Goodwill 0.00
Other intangible assets 1,576.00
Intangible assets under development 282.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other non-current financial assets 8,202.00
Total of other non-current financial assets 8,202.00
Total non-current financial assets 8,202.00
Deferred tax assets (net) 0.00
Other non-current assets
1 Other non-current assets 19,691.00
Total of other non-current assets 19,691.00
Total non-current assets 9,62,759.00
2 Current assets
Inventories 28,591.00
Current financial asset
Current investments 2,39,153.00
Trade receivables, current 63,918.00
Cash and cash equivalents 4,33,690.00
Bank balance other than cash and cash equivalents 1,17,444.00
Loans, current 0.00
Other current financial assets
Total of other current financial assets 74,835.00
Total current financial assets 9,29,040.00
Current tax assets (net) 0.00
Other current assets
1 Other current assets 18,774.00
Total of other current assets 18,774.00
Total current assets 9,76,405.00
3 Non-current assets classified as held for sale 6,852.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 19,46,016.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 14,277.00
Other equity 16,81,972.00
Total equity attributable to owners of parent 16,96,249.00
Non controlling interest
Total equity 16,96,249.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 59,972.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Other non-current financial liabilities 26,412.00
Total of other non-current financial liabilities 26,412.00
Total non-current financial liabilities 86,384.00
Provisions, non-current 3,461.00
Deferred tax liabilities (net) 21,440.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 634.00
Total of other non-current liabilities 634.00
Total non-current liabilities 1,11,919.00
Current liabilities
Current financial liabilities
Borrowings, current 44,965.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 3,275.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 32,746.00
Total Trade payable 36,021.00
Other current financial liabilities
1 Other current financial liabilities 44,952.00
Total of other current financial liabilities 44,952.00
Total current financial liabilities 1,25,938.00
Other current liabilities 6,557.00
1 Other current liabilities 6,557.00
Total of other current liabilities 6,557.00
Provisions, current 4,154.00
Current tax liabilities (Net) 1,199.00
Deferred government grants, Current 0.00
Total current liabilities 1,37,848.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 2,49,767.00
Total equity and liabilites 19,46,016.00
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block

Textual Information(1) 4. Following were the changes to the fleet during and subsequent to the quarter: Sales - delivered its 2011 built Kamsarmax Dry Bulk Carrier named Jag Aarati which was contracted for sale in earlier quarter. - delivered its 2002 built Very Large Gas Carrier named Jag Vishnu which was contracted for sale in earlier quarter. - contracted to sell its 2007 built Medium Range Tanker Jag Prakash and delivered subsequent to the end of the quarter. - subsequent to the end of the quarter, contracted to sell its 2003 built Medium Range Tanker Jag Pankhi to be delivered in the first quarter of Financial Year 2026-27. Purchases - took delivery of a secondhand Very Large Gas Carrier built in 2015 renamed as Jag Vijay. - took delivery of a secondhand Ultramax Dry Bulk Carrier built in 2019 renamed as Jag Riddhi. - took delivery of a secondhand Medium Range Tanker built in 2013 renamed as Jag Pranesh. - contracted to buy a secondhand Kamsarmax Dry Bulk Carrier built in 2014 renamed as Jag Abhishek and took delivery subsequent to the end of the quarter. - contracted to buy a secondhand Medium Range Tanker built in 2014 renamed as Jag Prabhu for delivery in the first quarter of Financial Year 2026-27. 5. 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. 6. The figures of last quarter are the balancing figures between audited figures in respect of full financial year and the published year to date figures up to the third quarter, and there are no material adjustments made in the results of the quarter ended March 31, 2026 which pertains to earlier periods. These have been subjected to limited review by the statutory auditors. 7.The above financial results have been reviewed by the Audit Committee at their meeting held on May 13, 2026 and approved by the Board of Directors at their meeting held on May 14, 2026. The Statutory Auditors report does not have any qualifications. The financial results for the quarter and year ended have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder. 8.The results for the quarter and year ended March 31, 2026, 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). 9.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.



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 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Shipping 1,46,918.00 4,83,182.00
2 Offshore 40,121.00 1,52,243.00
Total Segment Revenue 1,87,039.00 6,35,425.00
Less: Inter segment revenue 1,316.00 4,183.00
Revenue from operations 1,85,723.00 6,31,242.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Shipping 93,978.00 2,46,304.00
2 Offshore 10,431.00 47,948.00
Total Profit before tax 1,04,409.00 2,94,252.00
i. Finance cost 0.00 0.00
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax 1,04,409.00 2,94,252.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Shipping 14,72,390.00 14,72,390.00
2 Offshore 4,73,626.00 4,73,626.00
Total Segment Asset 19,46,016.00 19,46,016.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 19,46,016.00 19,46,016.00
4 Segment Liabilities
Segment Liabilities
1 Shipping 2,04,353.00 2,04,353.00
2 Offshore 45,414.00 45,414.00
Total Segment Liabilities 2,49,767.00 2,49,767.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 2,49,767.00 2,49,767.00
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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
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 (981.00) (1,197.00)
Total Amount of items that will not be reclassified to profit and loss (981.00) (1,197.00)
2 Income tax relating to items that will not be reclassified to profit or loss (7.00) (30.00)
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to Profit or Loss 10,407.00 18,389.00
Total Amount of items that will be reclassified to profit and loss 10,407.00 18,389.00
4 Income tax relating to items that will be reclassified to profit or loss (15.00) 28.00
5 Total Other comprehensive income 9,448.00 17,194.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 3,02,579.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 13,636.00
Adjustments for decrease (increase) in inventories (3,171.00)
Adjustments for decrease (increase) in trade receivables, current 0.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (11,712.00)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 5,430.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 1,934.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 88,906.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (30,570.00)
Adjustments for dividend income 0.00
Adjustments for interest income 24,413.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 8,386.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (55,541.00)
Other adjustments to reconcile profit (loss) (234.00)
Other adjustments for non-cash items (1,570.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (8,919.00)
Net cash flows from (used in) operations 2,93,660.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 8,273.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 2,85,387.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 79,419.00
Purchase of property, plant and equipment 2,37,246.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 25,624.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 13,478.00
Net cash flows from (used in) investing activities (1,18,725.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 1,13,448.00
Payments of lease liabilities 907.00
Dividends paid 41,117.00
Interest paid 15,007.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (6,387.00)
Net cash flows from (used in) financing activities (1,76,866.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (10,204.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 32,698.00
Net increase (decrease) in cash and cash equivalents 22,494.00
Cash and cash equivalents cash flow statement at beginning of period 4,11,196.00
Cash and cash equivalents cash flow statement at end of period 4,33,690.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Deloitte Haskins & Sells LLP Yes 31-07-2027