Great Eastern Shipping Company's Q1 FY 2025-26 Quarter Results

Result Summary

• Great Eastern Shipping Company Ltd reported a 22.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 21.5%.
• Its expenses for the quarter were up by 2.1% QoQ and down 6.3% YoY.
• The net profit decreased 44.3% QoQ and decreased 37.9% YoY.
• The earnings per share (EPS) of Great Eastern Shipping Company Ltd stood at 35.3 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Great Eastern Shipping Company Ltd is a prominent player in the shipping industry, primarily involved in the transportation of crude oil, petroleum products, gas, and dry bulk commodities. The company operates a fleet of vessels, which includes crude carriers, product tankers, LPG carriers, and dry bulk carriers. As a part of the maritime logistics sector, the company is exposed to global trade dynamics and the demand-supply environment of shipping services. The company has a significant presence in international shipping markets and is influenced by global economic conditions, regulatory changes, and industry-specific developments. Any recent major developments specific to the company are not specified in the provided data.

Revenue

In Q1FY26, Great Eastern Shipping Company Ltd reported a total income of ₹1336.88 crores. This represents a quarter-over-quarter (QoQ) decrease of 22.6% from Q4FY25, where the total income was ₹1726.58 crores. Comparing year-over-year (YoY) performance, there is a decline of 21.5% from the ₹1703.11 crores reported in Q1FY25. This trend highlights a decrease in revenue generation over both the quarterly and annual periods.

Profitability

For Q1FY26, the profit before tax was ₹535.96 crores, a significant QoQ decline of 43.1% from Q4FY25's ₹941.92 crores, and a YoY decrease of 36.8% from ₹847.97 crores in Q1FY25. After accounting for taxes, the profit after tax stood at ₹504.50 crores, which marks a 44.3% QoQ drop from ₹905.08 crores in Q4FY25 and a 37.9% YoY reduction from ₹811.94 crores in Q1FY25. The earnings per share for Q1FY26 was ₹35.30, reflecting similar declines of 44.2% QoQ and 37.9% YoY.

Operating Metrics

During Q1FY26, the company reported total expenses of ₹800.92 crores. This figure represents a slight QoQ increase of 2.1% from ₹784.66 crores in Q4FY25 but a YoY decrease of 6.3% compared to ₹855.14 crores in Q1FY25. The tax expense for the quarter was ₹31.46 crores, down 14.6% QoQ from ₹36.84 crores in Q4FY25 and 12.7% YoY from ₹36.03 crores in Q1FY25. These figures provide insight into the cost dynamics and tax obligations faced by the company over the reported periods.