Mumbai, May 9, 2025 – The Great Eastern Shipping Company Ltd reported its financial results for the quarter and full year ended March 31, 2025, posting a consolidated net profit of ₹363 crore for Q4 FY25. The company declared its 13th consecutive quarterly dividend of ₹5.40 per share, taking the total FY25 dividend to ₹29.70 per share.
Key Financial Highlights
| Particulars (₹ Crore) | Q4 FY25 | Q4 FY24 | FY25 | FY24 |
|---|---|---|---|---|
| Revenue (Consolidated) | 1,373 | 1,727 | 6,157 | 5,919 |
| EBITDA (Consolidated) | 721 | 1,153 | 3,572 | 3,672 |
| Net Profit (Consolidated) | 363 | 905 | 2,344 | 2,614 |
| Net Profit (Standalone) | 254 | 727 | 2,166 | 2,316 |
| Gross Debt (Consolidated) | 2,155 | 3,031 | ||
| Net Debt | (5,862) | (3,495) | ||
| NAV per Share | ₹1,406 | — |
The company ended the year with a strengthened balance sheet, showcasing a negative net debt position and improved net asset value.
Segment-Wise Performance
- Shipping Division: Revenue days declined year-over-year to 3,546 from 3,835. Average time charter yields dropped significantly for crude and product carriers, while LPG carriers showed positive growth.
- Offshore Division: Offshore logistics and drilling services saw reduced revenue days, totaling 1,705 against 1,871 in the prior year.
Strategic and Financial Developments
- The company maintained its consistent dividend payout strategy, distributing ₹29.70 per share in FY25.
- Strong operating cash flows supported significant debt repayments, with a sharp decline in outstanding obligations projected over the next few years.
- Despite challenging freight markets, asset values across crude, dry bulk, and LPG segments continued to reflect resilience.