Great Eastern Shipping Company Ltd's Q3FY25 Quarter Results
- 29 Jan 2025
Result Summary
- Great Eastern Shipping Company Ltd reported a 5.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 7.5%.
- Its expenses for the quarter were down by 8.0% QoQ and up 4.2% YoY.
- The net profit increased 3.1% QoQ and increased 10.3% YoY.
- The earnings per share (EPS) of Great Eastern Shipping Company Ltd stood at 41.5 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1500.77 | 1579.76 | 1395.95 | -5.0% | 7.5% |
Total Expenses | 892.67 | 970.01 | 856.28 | -8.0% | 4.2% |
Profit Before Tax | 608.10 | 609.75 | 539.67 | -0.3% | 12.7% |
Tax | 14.44 | 34.18 | 1.50 | -57.8% | 862.7% |
Profit After Tax | 593.66 | 575.57 | 538.17 | 3.1% | 10.3% |
Earnings Per Share | 41.50 | 40.20 | 37.60 | 3.2% | 10.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Great Eastern Shipping Company Ltd is a prominent player in the shipping industry, primarily engaged in the transportation of crude oil, petroleum products, gas, and dry bulk commodities. It operates in two main segments: shipping and offshore. The company owns and operates a diverse fleet of vessels, including tankers and bulk carriers, which are critical for global trade. Established as a leader in the maritime sector, Great Eastern Shipping has built its reputation on operational excellence and customer service. Recent major developments are not specified in the provided data, but the company is known for continually adapting to regulatory changes and market demands to maintain its competitive position.
Revenue
During the third quarter of the fiscal year 2025 (Q3FY25), Great Eastern Shipping Company Ltd reported a total income of ₹1,500.77 crores. This represents a decrease of 5.0% quarter-over-quarter (QoQ) from ₹1,579.76 crores in Q2FY25. However, there was a year-over-year (YoY) increase of 7.5% compared to ₹1,395.95 crores in Q3FY24. The data reflects fluctuations in revenue generation, possibly influenced by market conditions and operational dynamics. Notably, the YoY growth suggests an upward trend in revenue compared to the previous year, indicating an improvement in the company’s ability to generate income over the long term.
Profitability
The profitability of Great Eastern Shipping Company Ltd during Q3FY25 is reflected in its Profit After Tax (PAT) of ₹593.66 crores, which increased by 3.1% QoQ from ₹575.57 crores in Q2FY25, and by 10.3% YoY from ₹538.17 crores in Q3FY24. The Profit Before Tax (PBT) for Q3FY25 was ₹608.10 crores, showing a slight decrease of 0.3% from the previous quarter but an increase of 12.7% compared to the same quarter last year. The tax expense in Q3FY25 was ₹14.44 crores, significantly lower than the previous quarter, which likely contributed to the increase in PAT. Earnings per share (EPS) also increased by 3.2% QoQ and 10.4% YoY, reflecting the company's overall profitability growth.
Operating Metrics
In terms of operating metrics, the company's total expenses for Q3FY25 were ₹892.67 crores, which decreased by 8.0% QoQ from ₹970.01 crores in Q2FY25. Compared to Q3FY24, expenses increased by 4.2% from ₹856.28 crores. This decrease in expenses from the previous quarter may indicate improved cost management or a reduction in variable costs. The decline in tax expenses by 57.8% QoQ from ₹34.18 crores in Q2FY25 to ₹14.44 crores in Q3FY25 stands out as a significant variance, contributing to the improved net profitability. These metrics are pivotal in understanding the operational efficiency and financial health of the company within the quarter.
