Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results and Dividend Declaration

Audit Opinion:

Limited Review Report - Clean opinion. Nothing has come to the auditors' attention that causes them to believe the statements contain material misstatements.

Key Financial Highlights [Rs. in crores]:

Consolidated Results:

Revenue from Operations: ₹2,005.36 (Q1 FY26: ₹1,201.47, +66.9% YoY; Q4 FY26: ₹1,511.40, +32.7% QoQ)

Other Income: ₹280.85 (including Profit on sale of ships and other assets (net) of ₹124.84)

Total Income: ₹2,286.21

Profit Before Tax: ₹1,364.78 (Q1 FY26: ₹535.96, +154.7% YoY)

Tax Expense: ₹55.94

Net Profit: ₹1,308.84 (Q1 FY26: ₹504.50, +159.4% YoY)

EPS (Basic): ₹91.68 (not annualized)

EPS (Diluted): ₹91.49 (not annualized)

Other Equity: ₹17,956.11 (March 31, 2026: ₹16,819.72)

Standalone Results:

Revenue from Operations: ₹1,553.88 (Q1 FY26: ₹802.59, +93.6% YoY)

Total Income: ₹1,819.31

Profit Before Tax: ₹1,194.72 (Q1 FY26: ₹417.29, +186.3% YoY)

Tax Expense: ₹37.55

Net Profit: ₹1,157.17 (Q1 FY26: ₹388.45, +197.9% YoY)

EPS (Basic): ₹81.05 (not annualized)

EPS (Diluted): ₹80.89 (not annualized)

Other Equity: Not specified for current quarter (March 31, 2026: ₹13,786.84)

Segment-wise Performance:

The Company is engaged only in shipping business segment with no separate reportable segments as per Ind AS 108.

Corporate Actions:

Interim Dividend: Declared interim dividend for FY 2026-27 of ₹14.40 per equity share (Face Value ₹10/- per share)

Record Date: August 07, 2026

Payment Date: On or after August 27, 2026

Fleet Changes During Quarter:

Sales:

  • Delivered 2007 built Medium Range Tanker named Jag Prakash (contracted for sale in earlier quarter)
  • Contracted to sell and delivered 2003 built Medium Range Tanker named Jag Pankhi
  • Contracted to sell 2009 built Long Range 2 Tanker Jag Lokesh (delivered subsequent to quarter end)

Purchases:

  • Took delivery of secondhand Kamsarmax Dry Bulk Carrier built in 2014 renamed Jag Abhishek
  • Took delivery of secondhand Medium Range Tanker built in 2014 renamed Jag Prabhu (subsequent to quarter end)
  • Contracted to buy secondhand Long Range 2 Tanker built in 2015 renamed Jag Laxman

Financial Ratios and Covenants (Consolidated):

Debt Equity Ratio: 0.04 (March 31, 2026: 0.06)

Net Debt Equity Ratio: (0.45) (negative, indicating net cash position)

Current Ratio: 8.37 (March 31, 2026: 7.08)

Operating Margin: 66.71% (Q1 FY26: 53.50%)

Net Profit Margin: 57.25% (Q1 FY26: 37.74%)

Security Cover Certificate:

The Company has complied with all financial covenants for its Non-Convertible Debentures:

  • 4,500 Secured NCDs: Maintained exclusive charge on ships (1.20+ times cover) and mortgage on immovable property
  • 3,500 Unsecured NCDs: Maintained unencumbered assets (including cash) not less than outstanding face value

Exclusive Security Cover Ratio: 2.92 times based on market value

Entities in Consolidation:

Parent: The Great Eastern Shipping Company Limited

Subsidiaries: Greatship (India) Limited, Greatship Global Energy Services Pte. Ltd., Greatship Global Offshore Services Pte. Ltd., Greatship (UK) Limited, The Greatship (Singapore) Pte. Ltd., The Great Eastern Chartering L.L.C. (FZC), The Great Eastern Chartering (Singapore) Pte. Ltd., Great Eastern Foundation, GESHIPPING (IFSC) Limited

Excluded: Greatship Oilfield Services Limited (dissolved Dec 11, 2025), Great Eastern Services Limited (voluntary liquidation)