GESHIP The Great Eastern Shipping Company Q1 FY26 results (Apr–Jun 2025) and concall
GE Shipping delivered a quarter characterized by normalizing shipping rates compared to the exceptional highs of the previous year, particularly in the tanker segment. While net profit declined YoY, it showed improvement over Q4 FY25, supported by a significant margin expansion in the offshore segment due to effective cost management during rig idling. The company maintains a very strong balance sheet with $700 million in net cash and continues its 'switch strategy' of fleet renewal despite high asset prices.
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What they filed
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 |
|---|---|---|---|---|
| Revenue | 1,011 | 878 | 787 | 803 |
| EBITDA | 528 | 527 | 314 | 459 |
| Net profit | 565 | 679 | 254 | 388 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
