G.E.SHIPPING Announces Quarterly Results (3QFY21); Net Profit Down 46.7%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

G.E.SHIPPING Announces Quarterly Results (3QFY21); Net Profit Down 46.7%
Mon, 1 Feb

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

G.E.SHIPPING Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m10,7747,7507,532-2.8%-30.1%
Other incomeRs m9353091,056242.0%12.9%
TurnoverRs m11,7088,0598,5886.6%-26.6%
ExpensesRs m5,3303,1694,14830.9%-22.2%
Gross profitRs m5,4444,5813,384-26.1%-37.8%
DepreciationRs m1,8841,7441,7721.6%-5.9%
InterestRs m1,0827988020.6%-25.8%
Profit before taxRs m3,4132,3481,865-20.6%-45.4%
TaxRs m106931028.9%-4.0%
Profit after taxRs m3,3072,2541,763-21.8%-46.7%
Gross profit margin%50.559.144.9
Effective tax rate%3.14.05.5
Net profit margin%28.228.020.5
* 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 30.1% on a year-on-year (YoY) basis. The expenses were down by 22.2% YoY during the same period.
  • The company's operating profit declined by 37.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 44.9% in 3QFY21 as against 50.5% in 3QFY20.
  • Depreciation charges declined by 5.9% and finance costs declined by 25.8% YoY, respectively.
  • Other income increased by 12.9% YoY during the quarter.
  • Net profit for the quarter declined by 46.7% YoY. Net profit margins during the quarter declined from 28.2% in 3QFY20 to 20.5% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 30.9% QoQ during the same period.
  • The company's operating profit declined by 26.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 44.9% in 3QFY21 as against 59.1% in 2QFY20.
  • Net profit for the quarter declined by 21.8% QoQ, while net profit margins declined from 28.0% in 2QFY20 to 20.5% in 3QFY21.

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

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

G.E.SHIPPING Share Price Performance

Over the last one year, G.E.SHIPPING share price has moved down from Rs 304.2 to Rs 264.9, registering a Loss of Rs 39.4 or around 12.9%.

Overall, the S&P BSE SENSEX is up 18.6% over the year.

Current Valuations

At the current price of Rs 264.9, the price to earnings (P/E) ratio of G.E.SHIPPING stands at 4.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

Equitymaster requests your view! Post a comment on "G.E.SHIPPING Announces Quarterly Results (3QFY21); Net Profit Down 46.7%". Click here!

  

Related Views on News

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

Nov 20, 2020 | Updated on Nov 20, 2020

Here's an analysis of the annual report of G.E.SHIPPING for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of G.E.SHIPPING. Also includes updates on the valuation of G.E.SHIPPING.

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 (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.

More Views on News

Most Popular

A Critical Update on the Market(Fast Profits Daily)

Mar 30, 2021

In this video, I'll tell you why I am recommending caution in the market at this time.

My Recent Recommendation Will Profit from the Global Supply Chain Crisis(Profit Hunter)

Mar 31, 2021

A tiny chemical company, started in the Licence Raj era, is a great example of a new wealth creating opportunity.

My Stock Trading Strategy(Fast Profits Daily)

Mar 31, 2021

In this video I'll show you exactly how I go about picking stocks for trading.

What You Need to Find Hundred Baggers(Profit Hunter)

Mar 30, 2021

100 baggers of the last decade share this common trait. Here's how to use it to nail future multibaggers.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

G.E.SHIPPING SHARE PRICE


Apr 9, 2021 (Close)

TRACK G.E.SHIPPING

  • Track your investment in G.E.SHIPPING with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

G.E.SHIPPING 8-QTR ANALYSIS

COMPARE G.E.SHIPPING WITH

MARKET STATS