Shares of The Great Eastern Shipping Company surged more than 10% in early morning trade on Friday after the company reported a strong set of Q4FY26 earnings, driven by sharp growth in profitability and operating performance.
At 9:57 AM, Great Eastern Shipping shares were trading near the day’s high after investors reacted positively to the company’s robust earnings and dividend announcement.
The company posted a 23.5% year-on-year rise in revenue at Rs 1,511 crore for the March quarter, compared to Rs 1,223 crore in the corresponding quarter last year.
EBITDA jumped 87.7% YoY to Rs 942 crore against Rs 502 crore in the year-ago period. EBITDA margin expanded sharply by 2,130 basis points to 62.3%, compared to 41.0% last year, indicating strong operational efficiency.
Net profit came in at Rs 1,044 crore, sharply higher from Rs 363 crore reported in the same quarter previous year, reflecting strong earnings momentum across business segments.
Adding to investor sentiment, the company’s board declared a fourth interim dividend of Rs 11.7 per share.
Great Eastern Shipping Share Price Performance
The stock witnessed strong buying interest during early trade session.
- Open Price: Rs 1,550.00
- Day’s High: Rs 1,642.70
- Day’s Low: Rs 1,550.00
- Previous Close: Rs 1,484.90
- 52-Week High: Rs 1,642.70
- 52-Week Low: Rs 895.50
- Live Volume: 38.68 lakh shares
The stock also touched its fresh 52-week high of Rs 1,642.70 during intraday trade, supported by heavy trading volumes.