The Great Eastern Shipping Company Limited — Investor Meet, 06-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Q1 FY26 saw consolidated NAV slightly up QoQ, with an interim dividend of Rs 7.20/share (27% payout). Tanker rates were lower year-on-year, but LPG rates improved. Offshore segment profitability increased due to higher vessel contribution and reduced rig idling costs.

All rigs now have contracts, including two short-term deals starting later this year, and one 3-year contract. Most shipping vessels are fixed, with ~80% of the fleet operating on the spot market.

Management notes strong but plateauing markets, with no significant demand upside expected. The focus remains on fleet replacement. Share buyback isn't on the board's agenda. The company maintains substantial net cash of approximately Rs 4,980 Cr (standalone).