THE GREAT EASTERN SHIPPING COMPANY LIMITED — Quarter and year ended March 31, 2026
| Particulars | Quarter Ended 31.03.2026 (UNAUDITED) | Quarter Ended 31.12.2025 (UNAUDITED) | Quarter Ended 31.03.2025 (UNAUDITED) | Year Ended 31.03.2026 (AUDITED) | Year Ended 31.03.2025 (AUDITED) |
|---|---|---|---|---|---|
| 1. Revenue from operations | 1511.40 | 1454.44 | 1223.04 | 5409.09 | 5322.54 |
| 2. Other income | |||||
| (a) Profit on sale of ships and other assets (net) | 281.18 | 159.41 | 27.63 | 440.80 | 490.24 |
| (b) Other income | 64.65 | 122.68 | 122.57 | 462.53 | 344.10 |
| Total other income | 345.83 | 282.09 | 150.20 | 903.33 | 834.34 |
| 3. Total income [1 + 2] | 1857.23 | 1736.53 | 1373.24 | 6312.42 | 6156.88 |
| 4. Expenses | |||||
| (a) Fuel oil and water | 81.46 | 79.25 | 82.45 | 319.65 | 401.00 |
| (b) Port, light and canal dues | 43.37 | 28.71 | 39.71 | 142.16 | 158.30 |
| (c) Consumption of spares and stores | 117.38 | 81.90 | 89.48 | 351.38 | 346.76 |
| (d) Employee benefits expense | 249.92 | 246.37 | 228.15 | 932.07 | 944.34 |
| (e) (Gain)/Loss due to change in fair value/settlement of derivative contracts (net) | 78.05 | 15.39 | (29.14) | 152.54 | 28.75 |
| (f) Foreign exchange (gain)/loss (net) | (236.82) | (49.48) | 3.07 | (433.20) | (100.92) |
| (g) Finance costs | 22.90 | 24.95 | 50.65 | 136.36 | 236.43 |
| (h) Depreciation and amortisation expense | 221.73 | 246.25 | 205.30 | 889.06 | 813.23 |
| (i) Impairment on certain ships (net) | – | – | 69.20 | – | 61.06 |
| (j) Other expenses | 236.63 | 216.65 | 238.50 | 796.61 | 806.24 |
| Total expenses | 814.62 | 889.99 | 977.37 | 3286.63 | 3695.19 |
| 5. Profit before tax [3 – 4] | 1042.61 | 846.54 | 395.87 | 3025.79 | 2461.69 |
| 6. Tax expense – | |||||
| – Current tax | 20.13 | 23.95 | 23.85 | 99.88 | 81.76 |
| – Reversal of taxes for earlier years | (13.16) | (10.18) | – | (23.39) | (1.24) |
| – Deferred tax (net) | (8.45) | 20.25 | 8.93 | 6.78 | 36.91 |
| Total tax expense | (1.48) | 34.02 | 32.78 | 83.27 | 117.43 |
| 7. Profit for the period/year [5 – 6] | 1044.09 | 812.52 | 363.09 | 2942.52 | 2344.26 |
| 8. Other comprehensive income/(loss) | |||||
| (a) Items that will not be reclassified to Profit or Loss | (9.81) | (0.84) | 3.57 | (11.97) | 9.09 |
| (b) Income tax relating to items that will not be reclassified to Profit or Loss | 0.07 | 0.03 | (0.83) | 0.30 | (0.82) |
| (c) Items that will be reclassified to Profit or Loss | 104.07 | 19.13 | (7.21) | 183.89 | 10.95 |
| (d) Income tax relating to items that will be reclassified to Profit or Loss | 0.15 | (0.22) | (0.58) | (0.28) | (0.66) |
| Total other comprehensive income/(loss) | 94.48 | 18.10 | (5.05) | 171.94 | 18.56 |
| 9. Total comprehensive income for the period/year [7 + 8] | 1138.57 | 830.62 | 358.04 | 3114.46 | 2362.82 |
| 10. Profit for the period/year attributable to: | |||||
| – Owners of the Company | 1044.09 | 812.52 | 363.09 | 2942.52 | 2344.26 |
| – Non-controlling interest | – | – | – | – | – |
| 11. Other comprehensive income/(loss) for the period/year attributable to: | |||||
| – Owners of the Company | 94.48 | 18.10 | (5.05) | 171.94 | 18.56 |
| – Non-controlling interest | – | – | – | – | – |
| 12. Total comprehensive income for the period/year attributable to: | |||||
| – Owners of the Company | 1138.57 | 830.62 | 358.04 | 3114.46 | 2362.82 |
| – Non-controlling interest | – | – | – | – | – |
| 13. Paid-up equity share capital (Face Value Rs.10/- per share) | 142.77 | 142.77 | 142.77 | 142.77 | 142.77 |
| 14. Other equity | – | – | – | 16819.72 | 14116.39 |
| 15. Earnings per share (of Rs.10/- each) (in Rupees (not annualised for the quarters)) | |||||
| (a) Basic | 73.13 | 56.91 | 25.43 | 206.11 | 164.20 |
| (b) Diluted | 72.98 | 56.80 | 25.38 | 205.69 | 163.87 |
| Quarter Ended 31.03.2026 (UNAUDITED) | Quarter Ended 31.12.2025 (UNAUDITED) | Quarter Ended 31.03.2025 (UNAUDITED) | Year Ended 31.03.2026 (AUDITED) | Year Ended 31.03.2025 (AUDITED) | |
|---|---|---|---|---|---|
| a) Segment Revenue: | |||||
| Shipping | 1469.18 | 1317.72 | 1001.56 | 4831.82 | 4860.98 |
| Offshore | 401.21 | 432.58 | 380.06 | 1522.43 | 1330.31 |
| Sub-total | 1870.39 | 1750.30 | 1381.62 | 6354.25 | 6191.29 |
| Less : Inter Segment Revenue | 13.16 | 13.77 | 8.38 | 41.83 | 34.41 |
| Total | 1857.23 | 1736.53 | 1373.24 | 6312.42 | 6156.88 |
| b) Segment Results: | |||||
| Shipping | 939.78 | 656.19 | 280.49 | 2463.04 | 2078.73 |
| Offshore | 104.31 | 156.33 | 82.60 | 479.48 | 265.53 |
| Total | 1044.09 | 812.52 | 363.09 | 2942.52 | 2344.26 |
| c) Segment Assets: | |||||
| Shipping | 14723.90 | 13740.24 | 13141.72 | 14723.90 | 13141.72 |
| Offshore | 4736.26 | 4578.65 | 4513.94 | 4736.26 | 4513.94 |
| Total Assets | 19460.16 | 18318.89 | 17655.66 | 19460.16 | 17655.66 |
| d) Segment Liabilities: | |||||
| Shipping | 2043.53 | 1961.71 | 2386.02 | 2043.53 | 2386.02 |
| Offshore | 454.14 | 404.77 | 1010.48 | 454.14 | 1010.48 |
| Total Liabilities | 2497.67 | 2366.48 | 3396.50 | 2497.67 | 3396.50 |
| Particulars | Year Ended 31.03.2026 | Year Ended 31.03.2025 |
|---|---|---|
| A. CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Profit before tax | 3025.79 | 2461.69 |
| Adjustments For : | ||
| Depreciation and amortisation expense | 889.06 | 813.23 |
| Impairment on certain ships (net) | – | 61.06 |
| Interest/dividend income | (244.13) | (275.10) |
| Finance costs | 136.36 | 236.43 |
| Net (gain)/loss on settlement of derivative contracts | 67.24 | (11.09) |
| Gain on sale/Mark-to-Market (MTM) of current investments | (181.85) | (64.79) |
| Net gain on disposal of property, plant and equipment | (440.80) | (490.24) |
| Bad debts and advances written off | 0.18 | 1.76 |
| Allowance for doubtful debts and advances (net) | (18.64) | 1.97 |
| Amortisation of income from government grants | (2.34) | (2.34) |
| Exchange differences on translation of assets and liabilities | (305.70) | (21.43) |
| Provision/(Reversal of provision) on account of onerous contract | 2.76 | (8.09) |
| Changes in fair value on derivative transactions/other financial assets | 83.86 | 37.98 |
| Operating profit before working capital changes | 3011.79 | 2741.04 |
| Adjustments For : | ||
| (Increase)/Decrease in trade and other assets | (117.12) | 70.32 |
| (Increase)/Decrease in inventories | (31.71) | (5.30) |
| Increase/(Decrease) in trade payables | 54.30 | (117.23) |
| Increase/(Decrease) in other liabilities | 19.34 | 41.57 |
| Cash generated from operations | 2936.60 | 2730.40 |
| Direct taxes (paid)/refund | (82.73) | (83.04) |
| Net cash (used in)/generated from operating activities | 2853.87 | 2647.36 |
| Particulars | Year Ended 31.03.2026 | Year Ended 31.03.2025 |
|---|---|---|
| B. CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Payment for purchase of property, plant and equipment (including capital work-in-progress, intangible assets and intangible assets under development) | (2372.46) | (1175.35) |
| Proceeds from disposal of property, plant and equipment | 794.19 | 1000.25 |
| Purchase of current investments | (2472.00) | (1873.84) |
| Proceeds from disposal/redemption of current investments | 2566.64 | 1625.83 |
| Proceeds/(Payments) on settlement of derivative instruments | (3.37) | 29.24 |
| Placement of deposits with banks | (1444.01) | (1542.61) |
| Withdrawal of deposits with banks (including margin money deposits) | 1487.52 | 1471.64 |
| Interest/dividend received | 256.24 | 273.69 |
| Net cash (used in)/generated from investing activities | (1187.25) | (191.15) |
| Particulars | Year Ended 31.03.2026 | Year Ended 31.03.2025 |
|---|---|---|
| C. CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Repayments of borrowing | (1134.48) | (907.90) |
| Dividends paid | (411.17) | (501.11) |
| Payment on principal settlement of derivative contracts related to borrowings | (128.77) | (114.38) |
| Receipt on interest settlement of derivative contracts related to borrowings | 64.90 | 96.23 |
| Interest paid | (150.07) | (236.44) |
| Repayment of lease liabilities | (9.07) | (11.42) |
| Net cash (used in)/generated from financing activities | (1768.66) | (1675.02) |
| Particulars | Year Ended 31.03.2026 | Year Ended 31.03.2025 |
|---|---|---|
| Net increase/(decrease) in cash and cash equivalents | (102.04) | 781.19 |
| Cash and cash equivalents at the beginning of the year | 4111.96 | 3287.88 |
| Exchange difference on translation of foreign currency cash and cash equivalents | 326.98 | 42.89 |
| Cash and cash equivalents at the end of the year | 4336.90 | 4111.96 |
| ASSETS : | As at 31.03.2026 (AUDITED) | As at 31.03.2025 (AUDITED) |
|---|---|---|
| I. Non-current assets : | ||
| (a) Property, plant and equipment | 9287.20 | 8224.59 |
| (b) Capital work-in-progress | 42.88 | 17.42 |
| (c) Intangible assets | 15.76 | 16.08 |
| (d) Intangible assets under development | 2.82 | 3.16 |
| (e) Right-of-use assets | 35.81 | 6.76 |
| (f) Financial assets | ||
| (i) Other financial assets | 82.02 | 140.47 |
| (g) Current tax assets (net) | 79.60 | 97.27 |
| (h) Other non-current assets | 81.50 | 34.25 |
| Total Non-current assets | 9627.59 | 8540.00 |
| II. Current assets : | ||
| (a) Inventories | 285.91 | 252.69 |
| (b) Financial assets | ||
| (i) Investments | 2391.53 | 2289.03 |
| (ii) Trade receivables | 639.18 | 480.99 |
| (iii) Cash and cash equivalents | 4336.90 | 4111.96 |
| (iv) Bank balances other than (iii) above | 1174.44 | 1614.44 |
| (v) Other financial assets | 748.35 | 232.97 |
| (c) Other current assets | 187.74 | 133.58 |
| Total Current assets | 9764.05 | 9115.66 |
| III. Assets classified as held for sale | 68.52 | – |
| TOTAL ASSETS | 19460.16 | 17655.66 |
| EQUITY AND LIABILITIES : | As at 31.03.2026 (AUDITED) | As at 31.03.2025 (AUDITED) |
|---|---|---|
| I. Equity : | ||
| (a) Equity share capital | 142.77 | 142.77 |
| (b) Other equity | 16819.72 | 14116.39 |
| Total Equity | 16962.49 | 14259.16 |
| II. Non-Current liabilities : | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 599.72 | 1487.86 |
| (ii) Lease |