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

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Markets will remain closed on 30th November, 2020 on account of Guru Nanak Jayanti.

G.E.SHIPPING Announces Quarterly Results (3QFY20); Net Profit Up 10.7%
Fri, 14 Feb

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

G.E.SHIPPING Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m9,7168,17510,77431.8%10.9%
Other incomeRs m72681693514.6%28.7%
TurnoverRs m10,4428,99111,70830.2%12.1%
ExpensesRs m5,8115,7765,330-7.7%-8.3%
Gross profitRs m6,0242,4005,444126.8%-9.6%
DepreciationRs m1,9741,9311,884-2.4%-4.6%
InterestRs m1,3511,3831,082-21.8%-19.9%
Profit before taxRs m3,424-983,413-0.3%
TaxRs m4389110616.2%-75.8%
Profit after taxRs m2,986-1893,30710.7%
Gross profit margin%62.029.450.5
Effective tax rate%12.8-92.83.1
Net profit margin%28.6-2.128.2
* 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 10.9% on a year-on-year (YoY) basis. The expenses were down by 8.3% YoY during the same period.
  • The company's operating profit declined by 9.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 50.5% in 3QFY20 as against 62.0% in 3QFY19.
  • Depreciation charges declined by 4.6% and finance costs declined by 19.9% YoY, respectively.
  • Other income increased by 28.7% YoY during the quarter.
  • Net profit for the quarter increased by 10.7% YoY. Net profit margins during the quarter declined from 28.6% in 3QFY19 to 28.2% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 31.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.7% QoQ during the same period.
  • The company's operating profit increased by 126.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 50.5% in 3QFY20 as against 29.4% in 2QFY19.
  • Net profit for the quarter increased by 1847.0% QoQ, while net profit margins increased from -2.1% in 2QFY19 to 28.2% in 3QFY20.

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

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G.E.SHIPPING Share Price Performance

Over the last one year,G.E.SHIPPING share price has moved up from Rs 273.8 to Rs 286.8, registering a Gain of Rs 13.0 or around 4.7%.

Overall, the S&P BSE SENSEX is up 14.5% over the year.

Current Valuations

At the current price of Rs 286.8, the price to earnings (P/E) ratio of G.E.SHIPPING stands at 10.6 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 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)

Aug 24, 2020 | Updated on Aug 24, 2020

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 (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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