Great Eastern Shipping’s Q2 revenue climbs 46.9% as vessel acquisitions advance

The Great Eastern Shipping Company reported a 46.9% year-on-year increase in consolidated revenue from operations to ₹1,824.42 crore for the quarter ended 30 September 2026, as the Mumbai-based shipowner continued renewing and expanding its fleet. The board approved the unaudited results on 6 November.

Consolidated net profit rose 118.3% to ₹1,269.23 crore, compared with ₹581.41 crore a year earlier. However, revenue declined 9% and net profit fell 3% against the June quarter.

Earnings included ₹307.90 crore in net gains from selling ships and other assets, compared with ₹0.12 crore a year earlier. These gains were reported separately from revenue from operations.

For April–September, consolidated revenue increased 56.8% to ₹3,829.78 crore, while net profit rose 137.4% to ₹2,578.07 crore.

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