Great Eastern Shipping Q2 FY27 Net Profit Surges 118%

GESHIP The Great Eastern Shipping Company (GE Shipping) reported a strong financial performance for the second quarter of FY27, with consolidated net profit rising 118.3% year-on-year to ₹1,269.23 crore, compared with ₹581.41 crore in the corresponding quarter last year. Consolidated revenue increased 46.9% to ₹1,824.42 crore from ₹1,241.78 crore. The growth was supported by stronger shipping and offshore business performance. The company’s shipping segment recorded a significant improvement, with segment results increasing to ₹1,117.81 crore from ₹488.52 crore a year earlier. The reported quarterly profit also included approximately ₹308 crore in gains from the sale of ships and other assets. On a normalised basis, consolidated net profit stood at ₹1,213 crore, compared with ₹525 crore in Q2 FY26, indicating healthy underlying business growth. GE Shipping’s Board declared a second interim dividend of ₹14.40 per share for FY27, taking the total interim dividend announced during the financial year to ₹28.80 per share. The company also continued to strengthen its fleet, taking delivery of vessels including the second-hand VLGC Jag Vikrant. Going forward, investors will monitor freight rates, global shipping demand, fleet utilisation and the company’s ability to sustain its strong earnings performance.