Our Ref.: S/2022/JMT | November 11, 2022 |
BSE Limited | National Stock Exchange of India Limited |
1st Floor, Phiroze Jeejeebhoy Towers, | Exchange Plaza, 5th Floor, Plot No. C/1, |
Dalal Street, | Bandra Kurla Complex, Bandra (East), |
Mumbai - 400 001 | Mumbai - 400 051 |
BSE Scrip code: 500620 | Trading Symbol - GESHIP |
This is to inform you that the Board of Directors at their meeting held today, i.e. November 11, 2022 have considered and taken on record the Unaudited Financial Results (Provisional) for the quarter and half year ended September 30, 2022.
Copy of the results together with the Limited Review Report is attached. The same will be published in the newspapers as required.
The Board has declared an interim dividend of Rs. 7.20/- per share to the equity shareholders of the Company.
The Company has fixed November 23, 2022 as 'Record Date' for the purpose of ascertaining the shareholders eligible for receiving the interim dividend. The interim dividend will be paid to the shareholders on or after December 06, 2022.
The meeting of the Board of Directors commenced at 05:45 p.m. and the day's proceedings concluded at 8.50 p.m.
You are requested to take note of the above.
Thanking You,
Yours faithfully,
For The Great Eastern Shipping Co. Ltd.
JAYESH M TRIVEDI
Digitally signed by JAYESH M TRIVEDI
Date: 2022.11.11 20:52:39 +05'30'
Jayesh M. Trivedi
President (Secl. & Legal) & Company Secretary
Email ID: jayesh_trivedi@greatship.com
www.greatship.com
THE GREAT EASTERN SHIPPING COMPANY LIMITED
Regd. Office: Ocean House,134-A, Dr.Annie Besant Road, Mumbai-400 018.
Website : www.greatship.com, Email : corp_comm@greatship.com, CIN : L35110MH1948PLC006472
STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2022
(Rs. in crores) | |||||||||||
Particulars | Quarter Ended | Half Year Ended | Year Ended | ||||||||
30.09.2022 | 30.06.2022 | 30.09.2021 | 30.09.2022 | 30.09.2021 | 31.03.2022 | ||||||
(UNAUDITED) | (UNAUDITED) | (UNAUDITED) | (UNAUDITED) | (UNAUDITED) | (AUDITED) | ||||||
1. | Revenue from operations | 1447.45 | 1366.00 | 885.01 | 2813.45 | 1654.19 | 3508.94 | ||||
2. | Other income | ||||||||||
(a) Profit on sale of ships and other assets (net) | 116.91 | 0.24 | 35.52 | 117.15 | 47.86 | 53.12 | |||||
(b) | Other income | 135.99 | 31.40 | 32.26 | 167.39 | 52.13 | 107.06 | ||||
252.90 | 31.64 | 67.78 | 284.54 | 99.99 | 160.18 | ||||||
3. Total income [ 1 + 2 ] | |||||||||||
1700.35 | 1397.64 | 952.79 | 3097.99 | 1754.18 | 3669.12 | ||||||
4. | Expenses | ||||||||||
(a) Fuel oil and water | 158.27 | 171.08 | 127.78 | 329.35 | 243.76 | 523.12 | |||||
(b) Port, light and canal dues | 43.28 | 56.93 | 44.66 | 100.21 | 90.34 | 191.72 | |||||
(c) Consumption of spares and stores | 57.95 | 58.60 | 57.76 | 116.55 | 110.48 | 234.95 | |||||
(d) | Employee benefits expense | 189.63 | 189.91 | 175.69 | 379.54 | 358.06 | 722.11 | ||||
(e) Net (gain)/loss due to change in fair value/ settlement of derivative contracts (net) | 17.95 | 46.65 | (35.30) | 64.60 | 13.91 | (48.53) | |||||
(f) | Foreign exchange (gain)/loss, (net) | (44.88) | (39.67) | (12.46) | (84.55) | (38.03) | (77.35) | ||||
(g) | Finance costs | 88.07 | 93.26 | 84.76 | 181.33 | 183.23 | 370.09 | ||||
(h) Depreciation and amortisation expense | 180.98 | 179.24 | 184.13 | 360.22 | 363.56 | 697.93 | |||||
(i) Impairment on certain assets | - | - | 7.74 | - | 7.74 | 7.74 | |||||
(j) Loss on sale of asset held for scrap | - | - | - | - | - | 12.56 | |||||
(k) | Other expenses | 232.25 | 191.30 | 94.10 | 423.55 | 192.18 | 415.10 | ||||
Total expenses | 923.50 | 947.30 | 728.86 | 1870.80 | 1525.23 | 3049.44 | |||||
5. Profit before tax [ 3 - 4 ] | 776.85 | 450.34 | 223.93 | 1227.19 | 228.95 | 619.68 | |||||
6. | Tax expense - | ||||||||||
- Current tax | 6.01 | 4.57 | 5.55 | 10.58 | 14.60 | 25.27 | |||||
- Deferred tax (net) | 2.01 | (11.27) | (4.68) | (9.26) | (21.07) | (35.27) | |||||
8.02 | (6.70) | 0.87 | 1.32 | (6.47) | (10.00) | ||||||
7. Profit for the period [ 5 - 6 ] | 768.83 | 457.04 | 223.06 | 1225.87 | 235.42 | 629.68 | |||||
8. | Other comprehensive income/(loss) | ||||||||||
(a) Items that will not be reclassified to Profit or Loss | 2.39 | 0.95 | 6.68 | 3.34 | 3.70 | (10.83) | |||||
(b) Income tax relating to items that will not be reclassified to Profit or Loss | (0.06) | 0.10 | 0.02 | 0.04 | 0.14 | (0.37) | |||||
(c) Items that will be reclassified to Profit or Loss | 0.25 | 40.75 | (0.41) | 41.00 | 28.96 | 100.43 | |||||
(d) Income tax relating to items that will be reclassified to Profit or Loss | (2.41) | (1.84) | (1.02) | (4.25) | (1.89) | (10.34) | |||||
0.17 | 39.96 | 5.27 | 40.13 | 30.91 | 78.89 | ||||||
Total comprehensive income for the period [ 7 + 8 ] | |||||||||||
9. | 769.00 | 497.00 | 228.33 | 1266.00 | 266.33 | 708.57 | |||||
10. Profit for the period attributable to: | |||||||||||
-Owners of the Company | 768.83 | 457.04 | 223.06 | 1225.87 | 235.42 | 629.68 | |||||
-Non-controlling interest | - | - | - | - | - | - | |||||
11. Other comprehensive income for the period attributable to: | |||||||||||
-Owners of the Company | 0.17 | 39.96 | 5.27 | 40.13 | 30.91 | 78.89 | |||||
-Non-controlling interest | - | - | - | - | - | - | |||||
12. Total comprehensive income for the period attributable to: | |||||||||||
-Owners of the Company | 769.00 | 497.00 | 228.33 | 1266.00 | 266.33 | 708.57 | |||||
-Non-controlling interest | - | - | - | - | - | - | |||||
13. | Paid-up equity share capital (Face Value Rs.10/- per share) | 142.77 | 142.77 | 146.97 | 142.77 | 146.97 | 142.77 | ||||
14. | Other equity | 7908.53 | |||||||||
. | Debt service coverage ratio | 2.34 | 1.68 | 1.68 | |||||||
. | Interest service coverage ratio | 9.75 | 4.58 | 4.58 | |||||||
. | Gross Debt-equity ratio | 0.46 | 0.57 | 0.57 | |||||||
. | Net Debt-equity ratio | (0.06) | 0.09 | 0.09 | |||||||
15. Earnings per share (of Rs.10 each) (not annualised for the quarter) | |||||||||||
(in Rupees) | |||||||||||
(a) | Basic | 53.85 | 32.01 | 15.18 | 85.86 | 16.02 | 42.99 | ||||
(b) | Diluted | 53.74 | 31.95 | 15.15 | 85.70 | 15.99 | 42.91 | ||||
See accompanying notes to the financial results | |||||||||||
THE GREAT EASTERN SHIPPING COMPANY LIMITED
Regd. Office: Ocean House, 134-A, Dr. Annie Besant Road, Mumbai 400018.
Website : www.greatship.com, Email : corp_comm@greatship.com, CIN : L35110MH1948PLC006472 | ||||||
REPORTING OF CONSOLIDATED SEGMENTWISE REVENUE, RESULTS, ASSETS AND LIABILITIES | (Rs. in crores) | |||||
Quarter Ended | Half Year Ended | Year Ended | ||||
30.09.2022 | 30.06.2022 | 30.09.2021 | 30.09.2022 | 30.09.2021 | 31.03.2022 | |
(UNAUDITED) | (UNAUDITED) | (UNAUDITED) | (UNAUDITED) | (UNAUDITED) | (AUDITED) | |
a) Segment Revenue : | ||||||
Shipping | 1446.19 | 1198.87 | 793.00 | 2645.06 | 1457.06 | 2977.84 |
Offshore | 260.87 | 205.79 | 166.49 | 466.66 | 310.81 | 718.58 |
Sub-total | ||||||
1707.06 | 1404.66 | 959.49 | 3111.72 | 1767.87 | 3696.42 | |
Less : Inter Segment Revenue | 6.71 | 7.02 | 6.70 | 13.73 | 13.69 | 27.30 |
Total | ||||||
1700.35 | 1397.64 | 952.79 | 3097.99 | 1754.18 | 3669.12 | |
b) Segment Results : | ||||||
Shipping | 727.42 | 470.30 | 256.21 | 1197.72 | 324.08 | 746.51 |
Offshore | 41.41 | (13.26) | (33.15) | 28.15 | (88.66) | (116.83) |
Total | ||||||
768.83 | 457.04 | 223.06 | 1225.87 | 235.42 | 629.68 | |
c) Segment Assets : | ||||||
Shipping | 10379.85 | 9648.84 | 9374.85 | 10379.85 | 9374.85 | 9478.58 |
Offshore | 4612.73 | 4494.25 | 4572.12 | 4612.73 | 4572.12 | 4490.02 |
Total Assets | ||||||
14992.58 | 14143.09 | 13946.97 | 14992.58 | 13946.97 | 13968.60 | |
d) Segment Liabilities : | ||||||
Shipping | 4262.49 | 4155.91 | 4514.01 | 4262.49 | 4514.01 | 4414.52 |
Offshore | 1596.28 | 1515.97 | 1594.63 | 1596.28 | 1594.63 | 1502.78 |
Total Liabilities | ||||||
5858.77 | 5671.88 | 6108.64 | 5858.77 | 6108.64 | 5917.30 | |
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The Great Eastern Shipping Company Limited published this content on 11 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2022 14:18:04 UTC.