Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 2.84 % in the past year, substantial increase in net sales/revenue by 20.25 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 141.98 %. Marginal increase in other income during this quarter, up by 52%.
- Profit over the Year and quarter: Significant improvement in profitability for Great Eastern Shipping Co. Ltd.,. Notable increase of 25.37 % in net profit Year to Year, Great Eastern Shipping Co. Ltd.,’s profitability increased by 68.18 % in this quarter.
- EPS over the Year and quarter: EPS increased by 25.37 % Year to Year. EPS increased by 68.17 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1455.98 Cr | Rs. 1245.13 Cr | Rs. 1497.33 Cr | + 20.25 % | + 2.84 % |
| Expenses | Rs. 608.94 Cr | Rs. 595.39 Cr | Rs. 560.56 Cr | -5.85 % | -7.94 % |
| Operating Profit | Rs. 847.04 Cr | Rs. 649.74 Cr | Rs. 936.77 Cr | + 44.18 % | + 10.59 % |
| OPM % | 58.18 % | 52.18 % | 62.56 % | + 10.38 % | + 4.38 % |
| Other Income | Rs. 94.74 Cr | Rs. 150.82 Cr | Rs. 229.25 Cr | + 52 % | + 141.98 % |
| Interest | Rs. 76.8 Cr | Rs. 66.87 Cr | Rs. 58.51 Cr | -12.5 % | -23.82 % |
| Depreciation | Rs. 167.48 Cr | Rs. 194.02 Cr | Rs. 165.59 Cr | -14.65 % | -1.13 % |
| Profit before tax | Rs. 697.5 Cr | Rs. 539.67 Cr | Rs. 941.92 Cr | + 74.54 % | + 35.04 % |
| Tax % | 3.5 % | 0.28 % | 3.91 % | + 3.63 % | + 0.41 % |
| Net Profit | Rs. 721.94 Cr | Rs. 538.17 Cr | Rs. 905.08 Cr | + 68.18 % | + 25.37 % |
| EPS in Rs | Rs. 50.57 | Rs. 37.7 | Rs. 63.4 | + 68.17 % | + 25.37 % |
Today, we’re looking at Great Eastern Shipping Co. Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 2.84 %. However, it did see a marginal increase of 20.25 % from the previous quarter. Expenses decreased slightly by -5.85 % quarter-on-quarter, aligning with the annual decline of -7.94 %. Operating profit, while up 10.59 % compared to last year, faced a quarter-on-quarter increase of 44.18 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 4.38 %, but an expansion of 10.38 % sequentially. Other income rose by 52 % compared to the last quarter, despite an annual growth of 141.98 %. Interest expenses dropped significantly by -12.5 % from the previous quarter, yet the year-over-year decrease remains at a moderate -23.82 %. Depreciation costs fell by -14.65 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -1.13 %. Profit before tax grew annually by 35.04 % but saw an increase from the preceding quarter by 74.54 %.
Tax expenses as a percentage of profits increased slightly by 0.41 % compared to last year, with a more notable quarter-on-quarter increase of 3.63 %. Net profit rose by 25.37 % year-on-year but experienced a 68.18 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 25.37 % but a quarterly rise of 68.17 %. In summary, Great Eastern Shipping Co. Ltd.,’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1455.98 Cr | Rs. 1245.13 Cr | Rs. 1497.33 Cr | + 20.25 % | + 2.84 % |
| Expenses | Rs. 608.94 Cr | Rs. 595.39 Cr | Rs. 560.56 Cr | -5.85 % | -7.94 % |
| Operating Profit | Rs. 847.04 Cr | Rs. 649.74 Cr | Rs. 936.77 Cr | + 44.18 % | + 10.59 % |
| Net Profit | Rs. 721.94 Cr | Rs. 538.17 Cr | Rs. 905.08 Cr | + 68.18 % | + 25.37 % |
| EPS in Rs | Rs. 50.57 | Rs. 37.7 | Rs. 63.4 | + 68.17 % | + 25.37 % |
In reviewing Great Eastern Shipping Co. Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 2.84 % year-on-year growth, however, there was a minor increase of 20.25 % from the previous quarter. Expenses decreased by -7.94 % compared to the previous year, with a decrease of -5.85 % quarter-on-quarter. Operating Profit surged by 10.59 % annually, and saw a 44.18 % increase from the last quarter.
Net Profit showed yearly increase of 25.37 %, and experienced a 68.18 % increase from the previous quarter. Earnings Per Share (EPS) rose by 25.37 % annually, however rose by 68.17 % compared to the last quarter. In essence, while Great Eastern Shipping Co. Ltd., exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
