Great Eastern Shipping Company inches up on reporting over two fold jump in Q4 consolidated net profit

07 May 2013

Great Eastern Shipping Company is currently trading at Rs. 231.00, up by 0.05 points or 0.02% from its previous closing of Rs. 230.95 on the BSE.

The scrip opened at Rs. 230.50 and has touched a high and low of Rs. 239.90 and Rs. 230.00 respectively. So far 15338 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 291.50 on 19-Dec-2012 and a 52 week low of Rs. 204.10 on 23-Apr-2013.

Last one week high and low of the scrip stood at Rs. 233.90 and Rs. 207.00 respectively. The current market cap of the company is Rs. 3,517 crore.

The promoters holding in the company stood at 29.86% while Institutions and Non-Institutions held 40.52% and 29.40% respectively.

Great Eastern Shipping Company has reported results for the quarter & year ended March 31, 2013.

The company has registered 4.62% fall in its net profit after tax and minority interest at Rs 9.70 crore in Q4FY13 as compared to Rs 10.17 crore in the same quarter previous year. The total income from operation of the company has decreased by 4.92% to Rs 427.99 crore as compared to Rs 450.12 crore in corresponding quarter last year.

On consolidated basis, the group has reported a rise of 113.65% in its net profit after tax and minority interest at Rs 83.73 crore in quarter under review as compared to Rs 39.19 crore in same period previous year. However, total income from operation on consolidated basis has declined 6.17% to Rs 775.28 crore as against Rs 826.30 crore in a year ago period.

For the full year, the company has reported a net profit after tax and minority interest of Rs 146.26 crore for the year ended March 31, 2013, a marginal rise of 2.04% as compared to Rs 143.34 crore for the year ended March 31, 2012. Total income from operation has decreased to Rs 1735.19 crore in FY13 from Rs 1709.62 crore in FY12, down by 1.50%.

On the consolidated basis, the group has registered 69.88% jump in net profit after tax and minority interest at Rs 537.76 crore in FY13 as against Rs 316.55 crore in previous year. The total income from operation of the company has increased to Rs 3006.65 crore as compared to Rs 2955.49 crore in FY12, up by 1.73%.

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