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 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 06-11-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 03-11-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second 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 06-11-2026   14:30:00
End date and time of board meeting 06-11-2026   15:40:00
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 Not applicable



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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,82,442.00 3,82,978.00
Other income 40,923.00 69,008.00
Total income 2,23,365.00 4,51,986.00
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 25,161.00 51,153.00
(e) Finance costs 1,795.00 3,789.00
(f) Depreciation, depletion and amortisation expense 25,265.00 48,651.00
(f) Other Expenses
1 Fuel oil and water 11,283.00 24,167.00
2 Port, light and canal dues 3,931.00 6,404.00
3 Consumption of spares and stores 8,695.00 15,529.00
4 (Gain)/loss due to change in fair value / settlement of derivative contracts (net) 678.00 95.00
5 Foreign exchange (gain)/loss (net) (6,560.00) (7,210.00)
6 Impairment on certain ships 0.00 0.00
7 Other Expenses 23,530.00 43,343.00
Total other expenses 41,557.00 82,328.00
Total expenses 93,778.00 1,85,921.00
3 Total profit before exceptional items and tax 1,29,587.00 2,66,065.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,29,587.00 2,66,065.00
6 Tax expense
7 Current tax 3,701.00 6,572.00
8 Deferred tax (1,037.00) 1,686.00
9 Total tax expenses 2,664.00 8,258.00
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 1,26,923.00 2,57,807.00
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 1,26,923.00 2,57,807.00
17 Other comprehensive income net of taxes 3,314.00 2,768.00
18 Total Comprehensive Income for the period 1,30,237.00 2,60,575.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 1,26,923.00 2,57,807.00
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 3,314.00 2,768.00
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 14,091.00 14,091.00
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 89.11 180.79
Diluted earnings (loss) per share from continuing operations 88.93 180.42
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 89.11 180.79
Diluted earnings (loss) per share from continuing and discontinued operations 88.93 180.42
24 Debt equity ratio 0.0400 0.0400
25 Debt service coverage ratio 87.2700 11.0600
26 Interest service coverage ratio 87.2700 84.0600
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1.The Board of Directors has declared second interim dividend of Rs. 14.40 per equity share of Rs. 10/- each. The Company had declared and paid a first interim dividend of Rs. 14.40 per equity share of Rs. 10/- each during the year. The total interim dividends for the year declared aggregates to Rs. 28.80 per equity share. 2.Following were the changes to the fleet during and subsequent to the quarter: Sales -delivered its 2009 built Long Range 2 Tanker Jag Lokesh which was contracted for sale in earlier quarter. Purchases -took delivery of Long Range 2 Tanker built in 2015 renamed as Jag Laxman. -contracted to buy a secondhand Kamsarmax Dry Bulk Carrier built in 2015 renamed as Jag Amit and took delivery subsequent to the end of the quarter. -contracted to buy a secondhand Kamsarmax Dry Bulk Carrier built in 2019 for delivery in the third quarter of Financial Year 2026-27. -contracted for acquisition of a new building Suezmax Tanker for delivery in second half of FY 2028-29. -contracted to buy a secondhand Very Large Gas Carrier built in 2015 for delivery in the third quarter of Financial Year 2026-27. 3.During the quarter, the Board of Directors of the Company at its meeting held on August 27, 2026 has approved a proposal for the Company to buy back its own fully paid-up equity shares of a face value of Rs. 10/- each, for an amount not exceeding Rs. 900 (excl. transaction costs) crores for a price not exceeding Rs. 1530/- per equity share from the shareholders of the Company (other than the Promoters and shareholders belonging to Promoters Group of the Company) payable in cash, through open market route through the stock exchange mechanism, in accordance with the provisions of Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018 (as amended) and the Companies Act, 2013 (including the rules and regulations framed thereunder). The Company bought back 1,858,941 equity shares of Rs. 10 each during the quarter ended September 30, 2026. The total amount utilized for the buyback up to September 30, 2026 was Rs. 262.72 crores (excl. transaction costs). Further, subsequent to the end of the quarter, the Company bought back an additional 2,418,253 equity shares. The total amount utilized for the buyback after the quarter end and up to the date of this report was 364.70 crores (excl. transaction costs). Accordingly, the total buyback of the equity shares till the date of board meeting aggregates to 4,277,194 equity shares utilising an amount of Rs. 627.42 crores (excl. transaction costs). Out of the above 3,848,494 equity shares bought back have been extinguished subsequent to end of quarter till the date of the Board meeting. Consequently, the subscribed and paid up equity share capital, as reduced by Rs. 3.85 crores, is Rs. 138.92 crores as on the date of Board meeting



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 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 10,07,494.00
Capital work-in-progress 8,061.00
Investment property 0.00
Goodwill 0.00
Other intangible assets 1,312.00
Intangible assets under development 376.00
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 8,606.00
Total of other non-current financial assets 8,606.00
Total non-current financial assets 8,606.00
Deferred tax assets (net) 0.00
Other non-current assets
1 Other non-current assets 25,609.00
Total of other non-current assets 25,609.00
Total non-current assets 10,51,458.00
2 Current assets
Inventories 29,195.00
Current financial asset
Current investments 2,22,625.00
Trade receivables, current 60,419.00
Cash and cash equivalents 4,84,208.00
Bank balance other than cash and cash equivalents 1,49,341.00
Loans, current 0.00
Other current financial assets
Total of other current financial assets 1,03,881.00
Total current financial assets 10,20,474.00
Current tax assets (net) 0.00
Other current assets
1 Other current assets 15,948.00
Total of other current assets 15,948.00
Total current assets 10,65,617.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 21,17,075.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 14,091.00
Other equity 18,79,150.00
Total equity attributable to owners of parent 18,93,241.00
Non controlling interest
Total equity 18,93,241.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 44,983.00
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 20,808.00
Total of other non-current financial liabilities 20,808.00
Total non-current financial liabilities 65,791.00
Provisions, non-current 3,582.00
Deferred tax liabilities (net) 23,203.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 567.00
Total of other non-current liabilities 567.00
Total non-current liabilities 93,143.00
Current liabilities
Current financial liabilities
Borrowings, current 34,974.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 2,367.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 35,521.00
Total Trade payable 37,888.00
Other current financial liabilities
1 Other current financial liabilities 37,799.00
Total of other current financial liabilities 37,799.00
Total current financial liabilities 1,10,661.00
Other current liabilities 11,828.00
1 Other current liabilities 11,828.00
Total of other current liabilities 11,828.00
Provisions, current 4,435.00
Current tax liabilities (Net) 3,767.00
Deferred government grants, Current 0.00
Total current liabilities 1,30,691.00
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 2,23,834.00
Total equity and liabilites 21,17,075.00
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block

Textual Information(1) 4. The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 06, 2026. The statutory auditors of the Company have carried out a Limited Review of the results for the quarter and half year ended September 30, 2026. 5. The results for the quarter and half year ended September 30, 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). 6. 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 3500 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: 06.11.2026



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 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
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 1,84,538.00 3,73,635.00
2 Offshore 39,816.00 80,418.00
Total Segment Revenue 2,24,354.00 4,54,053.00
Less: Inter segment revenue 989.00 2,067.00
Revenue from operations 2,23,365.00 4,51,986.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Shipping 1,11,781.00 2,27,319.00
2 Offshore 15,142.00 30,488.00
Total Profit before tax 1,26,923.00 2,57,807.00
i. Finance cost 0.00 0.00
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax 1,26,923.00 2,57,807.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Shipping 16,45,168.00 16,45,168.00
2 Offshore 4,71,907.00 4,71,907.00
Total Segment Asset 21,17,075.00 21,17,075.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 21,17,075.00 21,17,075.00
4 Segment Liabilities
Segment Liabilities
1 Shipping 1,80,086.00 1,80,086.00
2 Offshore 43,748.00 43,748.00
Total Segment Liabilities 2,23,834.00 2,23,834.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 2,23,834.00 2,23,834.00
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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
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 537.00 480.00
Total Amount of items that will not be reclassified to profit and loss 537.00 480.00
2 Income tax relating to items that will not be reclassified to profit or loss 12.00 31.00
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to Profit or Loss 2,806.00 2,352.00
Total Amount of items that will be reclassified to profit and loss 2,806.00 2,352.00
4 Income tax relating to items that will be reclassified to profit or loss 17.00 33.00
5 Total Other comprehensive income 3,314.00 2,768.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 2,66,065.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 3,789.00
Adjustments for decrease (increase) in inventories (605.00)
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 20,139.00
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 2,753.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 6,071.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 48,651.00
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 (26,034.00)
Adjustments for dividend income 0.00
Adjustments for interest income 11,947.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (6,896.00)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (48,624.00)
Other adjustments to reconcile profit (loss) (66.00)
Other adjustments for non-cash items (844.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (13,613.00)
Net cash flows from (used in) operations 2,52,452.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 3,664.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 2,48,788.00
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 65,017.00
Purchase of property, plant and equipment 1,54,062.00
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 10,396.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (43,482.00)
Net cash flows from (used in) investing activities (1,22,131.00)
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 26,334.00
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 25,000.00
Payments of lease liabilities 573.00
Dividends paid 37,262.00
Interest paid 6,081.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (6,989.00)
Net cash flows from (used in) financing activities (1,02,239.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 24,418.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 26,100.00
Net increase (decrease) in cash and cash equivalents 50,518.00
Cash and cash equivalents cash flow statement at beginning of period 4,33,690.00
Cash and cash equivalents cash flow statement at end of period 4,84,208.00