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Earnings Call Transcript

Great Eastern Shipping Company Earnings Call Transcript: Key Takeaways

Second-highest quarterly profit in company history, slightly below Q1; interim dividend held at ₹14.40. No profit figure stated; earnings rest on volatile spot rates.

Great Eastern Shipping Company Q2 FY27 concall: date, live audio and summaryConcall page →
Highlights
Revenue growthProfit slightly lower QoQ; no revenue figure stated.
MarginsSpot-driven; margins track rates; no margin figures stated.
Order bookCrude 28%, product 22% of fleet; 7.5% of crude due by 2027.
Demand visibilityNear-term tanker demand strong but spot rates falling; geopolitics drives outlook.
Management confidenceBalanced; declines guidance, says 'anybody's guess'.

Growth

Softened QoQ: crude TCY $93k to $73k, product $45k to $32k; LPG up $41k to $46k.

Outlook

No guidance given; management expects Q3 tanker TCYs 'significantly higher'; blended breakeven ~$13,000/day.

Risks

Spot exposure: Suezmax rates fell from $350-400k to $130-150k; Hormuz war can reverse; NAV may drop.

Source

Earnings Call Transcript filed with BSE, NSE: GESHIP. Summary written with AI assistance from the document.

Read the document ↗

Great Eastern Shipping Company Ltd: key numbers

Share price
₹1,435.30
Market cap
₹20,491 Cr
Revenue (annual)
₹5,409 Cr
Net profit (annual)
₹2,943 Cr
P/E (TTM)
4.6×Sector 32.3×
Promoter holding
30.91%+0.84% QoQ
FII holding
29.98%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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