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GE Shipping slips on reporting net loss of Rs 34.16 crore in Q4FY17

08 May 2017 Evaluate

Great Eastern Shipping Company (GE Shipping) is currently trading at Rs. 413.30, down by 13.50 points or 3.16% from its previous closing of Rs 426.80 on the BSE.

The scrip opened at Rs. 415.00 and has touched a high and low of Rs. 419.00 and Rs. 401.35 respectively. So far 55466 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 477.00 on 21-Apr-2017 and a 52 week low of Rs. 296.60 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 445.00 and Rs. 401.35 respectively. The current market cap of the company is Rs. 6214.28 crore.

The promoters holding in the company stood at 30.22%, while Institutions and Non-Institutions held 42.61% and 27.16% respectively.

GE Shipping has reported over 2-fold jump in its net profit after tax at Rs 155.33 crore for the quarter ended March 31, 2017 as compared to Rs 73.91 crore for the same quarter in the previous year.  Total income of the company increased by 6.03% at Rs 468.44 crore for quarter under review as compared to Rs 441.78 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a fall of 2.73% in its net profit at Rs 601.39 crore as compared to Rs 618.28 crore in FY16. Total income from operations of the company too decreased by 13.61% at Rs 1703.96 crore for year under review as compared to Rs 1972.49 crore for the year ended March 31, 2016.

On consolidated basis, the company has reported a net loss after tax at Rs 34.16 crore for the quarter ended March 31, 2017 as compared to net profit of Rs 24.15 crore for the same quarter in the previous year. Total income from operations of the company decreased by 13.18 % at Rs 746.52 crore for quarter under review as compared to Rs 859.89 crore for the same quarter ended previous year.  

For the year ended March 31, 2017, on the consolidated basis, the company has posted a fall of 31.18% in its net profit at Rs 754.96 crore as compared to Rs 1096.98 crore in the previous year. Total income from operations of the company decreased by 18.14% at Rs 3116.86 crore for year under review as compared to Rs 3807.77 crore for the year ended March 31, 2016.

GE Shipping Share Price

1427.60 2.30 (0.16%)
20-Apr-2026 15:29 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 297.95
GE Shipping 1427.60
Dredging Corp 996.00
Seamec 1554.25
Shreeji Ship.Global 370.15
View more..

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