THE GE SHPG.LTD

Management reported that The Great Eastern Shipping Company Limited achieved its most profitable quarter ever, with a consolidated profit of INR 1,309 crores and a stand-alone profit of INR 1,157 crores for the quarter ended June 30, 2026. The company announced an interim dividend of INR 14.40 per share, marking its highest quarterly dividend to date. Management highlighted the significant impact of events in the Strait of Hormuz on tanker markets, leading to all-time high freight rates. They noted a strong demand for bulk carriers and LPG, with asset prices increasing across the board. The order book for crude tankers reached 27%, while the company maintained a strategy of replacing older vessels rather than expanding capacity. Management emphasized their cautious approach to capital expenditure, preferring to wait for more favorable market conditions before making significant investments.

Management emphasized strong financial performance and market conditions.