G.E.SHIPPING Announces Quarterly Results (4QFY19); Net Profit Up 135.5%

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 (4QFY19); Net Profit Up 135.5%
Tue, 7 May

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

G.E.SHIPPING Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m7,6899,7169,7440.3%26.7%
Other incomeRs m463726526-27.6%13.4%
TurnoverRs m8,15210,44210,270-1.6%26.0%
ExpensesRs m7,6185,8115,663-2.5%-25.7%
Gross profitRs m716,0244,081-32.2%5680.9%
DepreciationRs m1,8941,9741,902-3.7%0.4%
InterestRs m1,2311,3511,216-10.0%-1.2%
Profit before taxRs m-2,5913,4241,489-56.5%
TaxRs m1,5914384-99.0%-99.7%
Profit after taxRs m-4,1822,9861,485-50.3%
Gross profit margin%0.962.041.9
Effective tax rate%-61.412.80.3
Net profit margin%-51.328.614.5
* 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 grew 26.7% on a year-on-year (YoY) basis. The expenses were down by 25.7% YoY during the same period.
  • The company's operating profit increased by 5680.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 41.9% in 4QFY19 as against 0.9% in 4QFY18.
  • Depreciation charges increased by 0.4% and finance costs declined by 1.2% YoY, respectively.
  • Other income increased by 13.4% YoY during the quarter.
  • Net profit for the quarter increased by 135.5% YoY. Net profit margins during the quarter increased from -51.3% in 4QFY18 to 14.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.5% QoQ during the same period.
  • The company's operating profit declined by 32.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 41.9% in 4QFY19 as against 62.0% in 3QFY18.
  • Net profit for the quarter declined by 50.3% QoQ, while net profit margins declined from 28.6% in 3QFY18 to 14.5% in 4QFY19.

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 347.4 to Rs 280.0, registering a Loss of Rs 67.4 or around 19.4%.

Overall, the S&P BSE SENSEX is up 9.8% over the year.

Current Valuations

At the current price of Rs 280.0, the price to book value (P/BV) ratio of G.E.SHIPPING stands at 0.6 times.

Equitymaster requests your view! Post a comment on "G.E.SHIPPING Announces Quarterly Results (4QFY19); Net Profit Up 135.5%". Click here!

  

Related Views on News

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.

G.E.SHIPPING Announces Quarterly Results (3QFY19); Net Profit Up 204.1% (Quarterly Result Update)

Feb 15, 2019 | Updated on Feb 15, 2019

For the quarter ended December 2018, G.E.SHIPPING has posted a net profit of Rs 3 bn (up 204.1% YoY). Sales on the other hand came in at Rs 10 bn (up 17.1% YoY). Read on for a complete analysis of G.E.SHIPPING's quarterly results.

More Views on News

Most Popular

My Latest Stock Recommendation(Fast Profits Daily)

Jan 10, 2020

The story behind my latest stock recommendation and an important announcement.

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

What the Infosys Results Tell Us About the Next Infosys(The 5 Minute Wrapup)

Jan 15, 2020

If you're interested in the next Infosys, I'll tell you where to look.

For 1,000%+ Gains, Follow the 8-Year Cycle in the Stock Market(Fast Profits Daily)

Jan 17, 2020

This is how the biggest trading profits are made.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, 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


Jan 23, 2020 10:55 AM

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 - DREDGING CORP COMPARISON

COMPARE G.E.SHIPPING WITH

MARKET STATS