Great Eastern Shipping Company's Q2 FY 2025-26 Quarterly Results

Result Summary

• Great Eastern Shipping Company Ltd reported a 3.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 12.5%.
• Its expenses for the quarter were down by 2.5% QoQ and 19.5% YoY.
• The net profit increased 15.2% QoQ and increased 1.0% YoY.
• The earnings per share (EPS) of Great Eastern Shipping Company Ltd stood at 40.64 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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 engaged in the transportation of crude oil, petroleum products, gas, and dry bulk commodities. The company is one of the largest private sector shipping companies in India and has a diversified fleet of vessels. Its operations are crucial in the logistics and transportation sector, facilitating international trade and commerce. As of the latest known information, the company has been involved in expanding its fleet and optimizing its operations to enhance efficiency and competitiveness. However, the report does not provide specific recent developments or strategic initiatives, and any recent updates beyond this context are not available.

Revenue

In the second quarter of the fiscal year 2026, Great Eastern Shipping reported a total income of ₹1381.78 crores. This represents a quarter-on-quarter increase of 3.4% compared to the ₹1336.88 crores reported in the first quarter of fiscal year 2026. However, when compared year-over-year, there is a decline of 12.5% from the ₹1579.76 crores recorded in the second quarter of fiscal year 2025. This fluctuation in revenue indicates variable market conditions affecting the shipping industry and potentially fluctuating demand for shipping services.

Profitability

The company's profitability showed positive quarter-on-quarter growth in the second quarter of fiscal year 2026. Profit Before Tax (PBT) rose to ₹600.68 crores, reflecting a 12.1% increase from the previous quarter's ₹535.96 crores. However, compared to the same quarter in the previous year, there is a slight decrease of 1.5% from ₹609.75 crores. After accounting for taxes, Profit After Tax (PAT) was ₹581.41 crores, marking a 15.2% increase quarter-on-quarter and a 1.0% increase year-over-year. The effective tax rate appears to have decreased significantly, contributing to the rise in PAT despite the lower year-over-year PBT.

Operating Metrics

Operational efficiency improvements can be inferred from the reduction in total expenses, which decreased both quarter-on-quarter and year-over-year by 2.5% and 19.5%, respectively. This reduction in expenses from ₹800.92 crores in Q1FY26 to ₹781.10 crores in Q2FY26 and from ₹970.01 crores in Q2FY25 indicates effective cost management strategies. Earnings per share (EPS) also increased, aligning with the profit growth, moving from ₹35.27 in Q1FY26 to ₹40.64 in Q2FY26, and showing a slight year-over-year increase from ₹40.23. The consistent rise in EPS quarter-on-quarter underscores the company's ability to enhance shareholder value amidst fluctuating revenues.