G.E.SHIPPING Announces Quarterly Results (1QFY20); Net Profit Up 78.0%

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G.E.SHIPPING Announces Quarterly Results (1QFY20); Net Profit Up 78.0%
Tue, 13 Aug

G.E.SHIPPING has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

G.E.SHIPPING Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m8,2139,7447,826-19.7%-4.7%
Other incomeRs m552526506-3.7%-8.2%
TurnoverRs m8,76410,2708,332-18.9%-4.9%
ExpensesRs m7,9195,6635,7221.0%-27.7%
Gross profitRs m2944,0812,104-48.5%615.5%
DepreciationRs m1,9111,9021,9201.0%0.5%
InterestRs m1,2851,2161,046-14.0%-18.6%
Profit before taxRs m-2,3501,489-356-123.9%
TaxRs m10141844081.8%83.1%
Profit after taxRs m-2,4511,485-540-136.3%
Gross profit margin%3.641.926.9
Effective tax rate%-4.30.3-51.7
Net profit margin%-28.014.5-6.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 4.7% on a year-on-year (YoY) basis. The expenses were down by 27.7% YoY during the same period.
  • The company's operating profit increased by 615.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.9% in 1QFY20 as against 3.6% in 1QFY19.
  • Depreciation charges increased by 0.5% and finance costs declined by 18.6% YoY, respectively.
  • Other income declined by 8.2% YoY during the quarter.
  • Net profit for the quarter increased by 78.0% YoY. Net profit margins during the quarter increased from -28.0% in 1QFY19 to -6.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 19.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.0% QoQ during the same period.
  • The company's operating profit declined by 48.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.9% in 1QFY20 as against 41.9% in 4QFY19.
  • Net profit for the quarter declined by 136.3% QoQ, while net profit margins declined from 14.5% in 4QFY19 to -6.5% in 1QFY20.

To see how G.E.SHIPPING has performed over the last eight quarters,please visit here.

G.E.SHIPPING Share Price Performance

Over the last one year,G.E.SHIPPING share price has moved down from Rs 312.6 to Rs 225.5, registering a Loss of Rs 87.1 or around 27.9%.

Overall, the S&P BSE SENSEX is down 1.2% over the year.

Current Valuations

At the current price of Rs 225.5, the price to earnings (P/E) ratio of G.E.SHIPPING stands at 20.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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G.E.SHIPPING 2019-20 Annual Report Analysis (Annual Result Update)

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G.E.SHIPPING Announces Quarterly Results (1QFY21); Net Profit Up 966.8% (Quarterly Result Update)

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For the quarter ended June 2020, G.E.SHIPPING has posted a net profit of Rs 5 bn (up 966.8% YoY). Sales on the other hand came in at Rs 11 bn (up 36.5% YoY). Read on for a complete analysis of G.E.SHIPPING's quarterly results.

G.E.SHIPPING Announces Quarterly Results (3QFY20); Net Profit Up 10.7% (Quarterly Result Update)

Feb 14, 2020 | Updated on Feb 14, 2020

For the quarter ended December 2019, G.E.SHIPPING has posted a net profit of Rs 3 bn (up 10.7% YoY). Sales on the other hand came in at Rs 11 bn (up 10.9% YoY). Read on for a complete analysis of G.E.SHIPPING's quarterly results.

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