Great Eastern Shipping Company Ltd, India’s largest private sector shipping firm, has reported a 60% year-on-year (YoY) decline in net profit for the fourth quarter of FY2024-25, amounting to ₹363 crore. The company attributes the drop to lower freight rates and weaker global demand.
Financial Highlights
- Revenue from operations fell 18.3% YoY to ₹1,223 crore, compared to ₹1,497 crore in Q4 FY24.
- Net Asset Value (NAV) stood at ₹1,406 per share as of March 31, 2025.
- Total FY25 net profit declined 10.3% YoY to ₹2,344 crore.
Dividend Declaration & Market Performance
Great Eastern Shipping has declared a fourth interim dividend of ₹5.40 per share, marking its 13th consecutive quarterly dividend. The total dividend for FY25 now stands at ₹29.70 per share. The record date for eligibility is May 15, 2025, with the dividend payout scheduled for June 3, 2025.
Despite the earnings decline, shares of Great Eastern Shipping closed 1.32% higher at ₹875.65 on the BSE following the announcement.
Strategic Developments
The board has approved key leadership reappointments:
- Shivshankar Menon as Independent Director for a second term, effective August 2, 2025.
- Bharat K. Sheth as Deputy Chairman & Managing Director for five years, starting April 1, 2026.
- G. Shivakumar as Executive Director for another five-year term, beginning November 14, 2025.
With a focus on fleet expansion and operational efficiency, Great Eastern Shipping aims to navigate market challenges and sustain long-term growth.
