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

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G.E.SHIPPING Announces Quarterly Results (1QFY21); Net Profit Up 966.8%
Mon, 24 Aug

G.E.SHIPPING has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

G.E.SHIPPING Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m7,82610,09310,6845.9%36.5%
Other incomeRs m5064161,281208.4%153.1%
TurnoverRs m8,33210,50811,96513.9%43.6%
ExpensesRs m5,7228,4324,583-45.6%-19.9%
Gross profitRs m2,1041,6616,101267.3%190.0%
DepreciationRs m1,9201,6931,8096.8%-5.8%
InterestRs m1,046992812-18.2%-22.4%
Profit before taxRs m-356-6094,762
TaxRs m184-10284-54.2%
Profit after taxRs m-540-5074,677
Gross profit margin%26.916.557.1
Effective tax rate%-51.716.81.8
Net profit margin%-6.5-4.839.1
* 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 grew 36.5% on a year-on-year (YoY) basis. The expenses were down by 19.9% YoY during the same period.
  • The company's operating profit increased by 190.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 57.1% in 1QFY21 as against 26.9% in 1QFY20.
  • Depreciation charges declined by 5.8% and finance costs declined by 22.4% YoY, respectively.
  • Other income increased by 153.1% YoY during the quarter.
  • Net profit for the quarter increased by 966.8% YoY. Net profit margins during the quarter increased from -6.5% in 1QFY20 to 39.1% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 45.6% QoQ during the same period.
  • The company's operating profit increased by 267.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 57.1% in 1QFY21 as against 16.5% in 4QFY20.
  • Net profit for the quarter increased by 1022.9% QoQ, while net profit margins increased from -4.8% in 4QFY20 to 39.1% in 1QFY21.

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

Know More: Is India's Economic Recovery Sustainable?

G.E.SHIPPING Share Price Performance

Over the last one year,G.E.SHIPPING share price has moved up from Rs 238.6 to Rs 277.8, registering a Gain of Rs 39.2 or around 16.4%.

Overall, the S&P BSE SENSEX is up 4.7% over the year.

Current Valuations

At the current price of Rs 277.8, the price to earnings (P/E) ratio of G.E.SHIPPING stands at 5.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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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.

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

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, G.E.SHIPPING has posted a net profit of Rs 540 m (up 78.0% YoY). Sales on the other hand came in at Rs 8 bn (down 4.7% YoY). Read on for a complete analysis of G.E.SHIPPING's quarterly results.

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