GESHIP The Great Eastern Shipping Company Q2 FY26 results (Jul–Sep 2025) and concall
GE Shipping delivered a stable quarter characterized by strong cash generation and a robust balance sheet, despite lower profits compared to the previous year's high base. Management is following a 'switch strategy,' selling older vessels and waiting for more favorable asset prices before deploying its ₹7,000 crore cash reserve. The company is currently a net beneficiary of rupee depreciation due to its high dollar-denominated cash holdings relative to its debt.
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What they filed
Q2 FY26: revenue down 15.6%, net profit down 18.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 1,011 | 878 | 787 | 803 | 853 −16% |
| EBITDA | 528 | 527 | 314 | 459 | 564 +7% |
| Net profit | 565 | 679 | 254 | 388 | 460 −19% |
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.
