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15-Nov-2022

Great Eastern Shipping Company

Sales up 64%, net jumps 245%


''Consolidated net sales of Great Eastern Shipping Company for the quarter ended Sep 2022 has increased 64% to Rs 1447.45 crore.  Operating profit margin has jumped from 42.6% to 52.9%, leading to 103% rise in operating profit to Rs 766.07 crore.  Other income rose 322% to Rs 135.99 crore.  PBIDT rose 120% to Rs 902.06 crore.  Provision for interest rose 3.91% to Rs 88.07 crore. PBDT rose 134.73% to Rs 957.83 crore.  Provision for depreciation fell 1.71% to Rs 180.98 crore.  Profit before tax grew 350% to Rs 633.01 crore. Profit on sale of ship was up 229% to Rs 116.91 crore. PBT before forex gain was up 326% to Rs 749.92 crore. Forex gain was down 44% to Rs 26.93 crore. Thus PBT was up 247% to Rs 776.85 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 8.02 crore, compared to Rs 0.87 crore.   Net profit attributable to owners of the company incre...



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