QFY17 Results: G E Shipping Ltd.
Bhagyashree Vivarekar / 03 Feb 2017
G E Shipping Ltd Ltd. reported its results for the quarter ended December 31, 2016.The company's total sales for Q3FY17 were Rs 749.36 crore, which represent a 7.88 per cent sequential decline and 22.83 per cent YoY decline.
G E Shipping Ltd Ltd. reported its results for the quarter ended December 31, 2016.
The company's total sales for Q3FY17 were Rs 749.36 crore, which represent a 7.88 per cent sequential decline and 22.83 per cent YoY decline.
Its operating profit (EBIT) for the quarter was Rs 386.64 crore and its EBIT margin was 51.6 per cent.
The company reported PAT of Rs 238.36 crore, representing a sequential QoQ decline of 11.31 per cent and a YoY decline of 33.44 per cent.
The company's stock opened at Rs 387.25 on the BSE, and rose 0.97 per cent and closed at Rs. 390 mark.
Great Eastern Shipping is an Indian private shipping company. It has two main business segments: shipping and offshore services. The shipping business involves transportation of crude oil, petroleum products, gas and dry bulk commodities. The offshore business services the oil companies in carrying out offshore exploration and production activities, through its wholly-owned subsidiary Greatship (India) Ltd.
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