GE Shipping Q4 net profit soars 3x on forex gain; declares ₹11.70 dividend

Great Eastern Shipping Company Ltd on Thursday (May 14) reported a nearly three-fold rise in consolidated net profit at ₹1,044 crore for the fourth quarter, compared with ₹363 crore in the same period last year.Revenue rose 23.6% year-on-year to ₹1,511 crore from ₹1,223 crore. EBITDA increased 87.7% to ₹941.4 crore from ₹502 crore a year earlier, while EBITDA margin sharply improved to 62.3% from 41%.

The company also reported a foreign exchange gain of ₹236.82 crore during the quarter
ALSO READ | GE Shipping Q3 Results: Profit jumps 37%, margin expands; dividend declaredThe company declared a fourth interim dividend of ₹11.70 per equity share for FY26. The record date for determining eligible shareholders is May 20, 2026. The interim dividend will be paid on or after June 9, 2026.

The company’s current owned fleet stands at 39 vessels, comprising 24 tankers (five crude tankers, 15 product tankers, four LPG carriers) and 15 dry bulk carriers two Capesize, 10 Kamsarmax, one Ultramax, two Supramax) aggregating 3.19 mn dwt.

Shares of Great Eastern Shipping Company Ltd ended at ₹1,493.90, down by ₹4.75, or 0.32%, on the BSE today, May 14.

ALSO READ | GE Shipping stays cautious on strong spot rates; FY27 outlook hinges on geopolitics