G.E.SHIPPING Announces Quarterly Results (4QFY18); Net Profit Up 1124.2%

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G.E.SHIPPING Announces Quarterly Results (4QFY18); Net Profit Up 1124.2%
Fri, 20 Jul

G.E.SHIPPING has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

G.E.SHIPPING Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m7,4658,2957,689-7.3%3.0%
Other incomeRs m1,281908463-49.0%-63.8%
TurnoverRs m8,7469,2038,152-11.4%-6.8%
ExpensesRs m5,9255,0557,61850.7%28.6%
Gross profitRs m1,5413,24071-97.8%-95.4%
DepreciationRs m1,7762,0441,894-7.3%6.6%
InterestRs m1,1518511,23144.6%6.9%
Profit before taxRs m-1061,254-2,591-306.7%
TaxRs m2362721,591485.8%575.1%
Profit after taxRs m-342982-4,182-525.9%
Gross profit margin%20.639.10.9
Effective tax rate%-222.621.7-61.4
Net profit margin%-3.910.7-51.3
* 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 3.0% on a year-on-year (YoY) basis. The expenses were up by 28.6% YoY during the same period.
  • The company's operating profit declined by 95.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.9% in 4QFY18 as against 20.6% in 4QFY17.
  • Depreciation charges and finance costs increased by 6.6% YoY and 6.9% YoY, respectively.
  • Other income declined by 63.8% YoY during the quarter.
  • Net profit for the quarter increased by 1124.2% YoY. Net profit margins during the quarter declined from -3.9% in 4QFY17 to 51.3% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 50.7% QoQ during the same period.
  • The company's operating profit declined by 97.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.9% in 4QFY18 as against 39.1% in 3QFY17.
  • Net profit for the quarter declined by 525.9% QoQ, while net profit margins declined from 10.7% in 3QFY17 to 51.3% in 4QFY18.

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 up from Rs 406.2 to Rs 271.7, registering a Loss of Rs -134.5 or around 33.1%.

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 271.7, the price to earnings (P/E) ratio of G.E.SHIPPING stands at NM times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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