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GE Shipping's Record Quarter Reveals What Hormuz Really Costs

Published August 5, 20269 min read
GE Shipping's Record Quarter Reveals What Hormuz Really Costs

Great Eastern Shipping just posted the most profitable quarter in its corporate history, and the specific number behind that headline deserves a moment of attention. Consolidated net profit for Q1 FY27, covering April through June 2026, came in at INR 1,309 crore, up 160% from the INR 505 crore the company earned in the same quarter a year earlier, per the company's August 4 investor presentation. Revenue hit INR 2,005 crore, a 67% increase year-over-year. These numbers capture a very specific geopolitical moment: the quarter in which the world's most important oil chokepoint became a war zone. Key takeaways GE Shipping's Q1 FY27 net profit surged 160% year-over-year to INR 1,309 crore, the…

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