{"id":178708,"date":"2026-01-30T15:39:44","date_gmt":"2026-01-30T20:39:44","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178708"},"modified":"2026-01-30T15:39:44","modified_gmt":"2026-01-30T20:39:44","slug":"great-eastern-shipping-q3-profit-hits-inr-813-crore-declares-16th-straight-interim-dividend","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/great-eastern-shipping-q3-profit-hits-inr-813-crore-declares-16th-straight-interim-dividend\/","title":{"rendered":"Great Eastern Shipping Q3 Profit Hits INR 813 Crore; Declares 16th Straight Interim Dividend"},"content":{"rendered":"\n<p>The Great Eastern Shipping Company Limited (NSE: GESHIP; BSE: 500620) reported a surge in its consolidated net profit to INR 813 crore for the third quarter ended December 31, 2025 (Q3FY26), according to its latest financial results released on Thursday.<\/p>\n\n\n\n<p>The Mumbai-based shipping giant, India&#8217;s largest private sector shipping and oilfield services provider, saw its consolidated revenue reach INR 1,737 crore for the quarter, while EBITDA stood at INR 1,118 crore. On a standalone basis, the company reported a net profit of INR 654 crore.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"555\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/GESHIP-1-1024x555.jpg\" alt=\"\" class=\"wp-image-178713\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/GESHIP-1-1024x555.jpg 1024w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/GESHIP-1-300x163.jpg 300w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/GESHIP-1-768x416.jpg 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/GESHIP-1-1536x832.jpg 1536w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/GESHIP-1-2048x1110.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Shareholder Returns and Valuation<\/strong><\/h2>\n\n\n\n<p>In a move to maintain consistent shareholder returns, the board declared an interim dividend of INR 9.00 per share for Q3FY26. This marks the company\u2019s 16th consecutive quarterly dividend payment.<\/p>\n\n\n\n<p>The company&#8217;s Consolidated Net Asset Value (NAV) was reported at INR 1,566 per share as of December 31, 2025, while the Standalone NAV stood at INR 1,233 per share. Management highlighted that the consolidated NAV has grown at a compound annual growth rate (CAGR) of 25% since FY21.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Fleet Expansion and Strategy<\/strong><\/h2>\n\n\n\n<p>GE Shipping continues to actively manage its fleet, which currently comprises 40 vessels aggregating 3.20 million deadweight tons (dwt). The fleet is diversified across 26 tankers (including crude, product, and LPG carriers) and 14 dry bulk carriers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Recent operational highlights include:<\/h2>\n\n\n\n<p>\u2022 <strong>New Delivery:<\/strong> On January 28, 2026, the company took delivery of the &#8220;Jag Riddhi,&#8221; a 2019 Japanese-built Ultramax dry bulk carrier, financed entirely through internal accruals.<\/p>\n\n\n\n<p>\u2022 <strong>Future Transactions:<\/strong> The company has contracted to purchase a secondhand Medium Range (MR) tanker and sell the Very Large Gas Carrier (VLGC) &#8220;Jag Vishnu,&#8221; with both transactions expected to close in Q4FY26.<\/p>\n\n\n\n<p>\u2022 <strong>Asset Utilization:<\/strong> The company reported that its current capacity utilization is close to 100%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Market Conditions<\/strong><\/h2>\n\n\n\n<p>The company\u2019s performance was bolstered by varied trends in the global shipping markets. Global dirty tanker trade witnessed a 7% year-on-year volume increase in Q3FY26, driven by a surge in exports from South America and the Middle East. In the dry bulk sector, iron ore trade grew by 10% as China continued to restock supplies from Brazil and Australia. However, the product tanker market saw a slight 1% decline in seaborne trade volumes during the same period.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Financial Health<\/strong><\/h2>\n\n\n\n<p>GE Shipping maintains a robust balance sheet with a Net Debt\/Equity ratio of (0.39)x on a normalized basis, indicating a strong net cash position. The company\u2019s credit rating remains at &#8220;AAA&#8221;. For the nine months ended December 31, 2025, the company reported a consolidated Return on Equity (ROE) of 16%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Great Eastern Shipping Company Limited (NSE: GESHIP; BSE: 500620) reported a surge in its consolidated net profit to INR 813 crore for the third quarter ended December 31, 2025 (Q3FY26), according to its latest financial results released on Thursday. The Mumbai-based shipping giant, India&#8217;s largest private sector shipping and oilfield services provider, saw its [&hellip;]<\/p>\n","protected":false},"author":2381,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,1941,5753],"tags":[8874,8967],"class_list":["post-178708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-stock-analysis","category-industrials","tag-industrials","tag-marine-shipping"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":139479,"url":"https:\/\/alphastreet.com\/india\/trident-reported-a-32-decline-in-its-q3fy23-net-profit\/","url_meta":{"origin":178708,"position":0},"title":"Trident reported a 32% decline in its Q3FY23 net profit","author":"Chirag Gupta","date":"January 30, 2023","format":false,"excerpt":"Textiles firm Trident Ltd reported a 32 per cent decline in consolidated profit after tax to INR 144 crore in the third quarter ended in December 2022. The company had posted a consolidated profit after tax of INR 211 crore in the same quarter previous fiscal, Trident Ltd said in\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/84fcd02c-df3d-4d30-92a7-64a21b7078e2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/84fcd02c-df3d-4d30-92a7-64a21b7078e2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/84fcd02c-df3d-4d30-92a7-64a21b7078e2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/84fcd02c-df3d-4d30-92a7-64a21b7078e2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/84fcd02c-df3d-4d30-92a7-64a21b7078e2.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/84fcd02c-df3d-4d30-92a7-64a21b7078e2.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":141349,"url":"https:\/\/alphastreet.com\/india\/vinati-organics-q3fy23-net-profit-soars-by-51\/","url_meta":{"origin":178708,"position":1},"title":"Vinati organics Q3FY23 net profit soars by 51%","author":"Chirag Gupta","date":"February 13, 2023","format":false,"excerpt":"Vinati Organics rose 1.55% to INR 1,895 after the company's consolidated net profit surged 50.68% to INR 125.41 crore in Q3 FY23 as against INR 83.23 crore posted in Q3 FY22. 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Its total income for the quarter under review rose to INR 2,370 crore as against INR 2,603\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":140669,"url":"https:\/\/alphastreet.com\/india\/tci-express-q3fy23-net-profit-plummeted-by-9-to-inr-32-crore\/","url_meta":{"origin":178708,"position":4},"title":"TCI Express Q3FY23 net profit plummeted by 9% to INR 32 crore","author":"Chirag Gupta","date":"February 9, 2023","format":false,"excerpt":"Express logistics firm TCI Express posted 8.57 per cent drop in net profit to INR 32 crore for the quarter ended December 30, 2022. The consolidated net profit of the company in the year-ago period stood at INR 35 crore, according to a regulatory filing. The company\u2019s total income from\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":141342,"url":"https:\/\/alphastreet.com\/india\/welspun-india-q3-net-profit-declines-by-66-percent\/","url_meta":{"origin":178708,"position":5},"title":"Welspun India Q3 net profit declines by 66 percent","author":"Chirag Gupta","date":"February 13, 2023","format":false,"excerpt":"Welspun India reported a 66.55 per cent decline in consolidated net at INR 43.83 crore in the third quarter ended December 2022, impacted by lower sales. The company had posted a consolidated net profit of INR 131.06 crore in the same quarter last fiscal, Welspun India said in a regulatory\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2381"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=178708"}],"version-history":[{"count":3,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178708\/revisions"}],"predecessor-version":[{"id":178714,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178708\/revisions\/178714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=178708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=178708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=178708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}