Financial Performance Highlights

  • Declared highest-ever quarterly profits (amount not quantified)
  • Declared highest-ever interim dividend
  • Marked eighteenth consecutive quarterly dividend payment
  • Both shipping and offshore business delivered strong performance

Strategic Priorities and Business Update

Fleet Modernization Strategy

  • Completed ten transactions in FY26 involving net capital expenditure of approximately US$ 135 million (₹1,300 crores)
  • Entire capex funded by company's treasury (internal accruals)
  • Strategy driven by multi-year high ship prices providing poor risk-adjusted returns for expansion
  • Focus on modernization to avoid earning sub-optimal rates from aging vessels
  • Objective to maintain revenue days while upgrading fleet

Operational Efficiency Initiatives

  • Continued focus on reducing fuel consumption through various initiatives
  • Fuel efficiency is key consideration for customers in awarding business
  • Efficiency measures also help reduce greenhouse gas emissions
  • Recorded best year in FY26 across almost all measurable operational parameters

Human Resources and Training

  • Continued focus on training seafarers at facilities in Mumbai and Lonavala
  • Training also conducted on board ships

Systems and Process Improvement

  • Investing considerable sums in improving systems and processes across offices
  • Objectives: bring greater efficiency while reducing bureaucracy
  • Expected outcome: enable ownership and operation of additional 10-15 ships with minimal headcount increase

Offshore Subsidiary Strategy

  • Greatship (India) Limited to follow similar approach as shipping business
  • Strategy: own more assets that can straddle different customers across the globe

Geopolitical and Operational Update

  • All ships previously stranded west of the Strait of Hormuz have successfully transited
  • Company currently has no intention of transiting the Strait of Hormuz

Corporate Social Responsibility

  • Great Eastern Foundation supported noble causes across 22 states in India
  • Focus areas: education, health, and livelihood development
  • Impact: positively impacted thousands of lives