Great Eastern Shipping : Q4FY23 Updates Presentation
May 12, 2023 at 12:37 pm
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Our Ref.: S/2023/JMT
May 12, 2023
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
Dear Sir,
We enclose herewith Investor Presentation pertaining to the Financial Results for the
quarter and year ended March 31, 2023.
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: 2023.05.12 16:02:25 +05'30'
Jayesh M. Trivedi
President (Secl. & Legal) & Company Secretary Email Id: jayesh_trivedi@greatship.com
www.greatship.com
Q4 & FY23
Earnings Presentation
12 May 2023
DISCLAIMER
Except for historical information, the statements made in this presentation constitute forward looking statements. These include statements regarding the intent, belief or current expectations of GE Shipping and its management regarding the Company's operations, strategic directions, prospects and future results which in turn involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward looking statements; including changes in freight rates; global economic and business conditions; effects of competition and technological developments; changes in laws and regulations; difficulties in achieving cost savings; currency, fuel price and interest rate fluctuations etc. The Company assumes no responsibility with regard to publicly amending, modifying or revising the statements based on any subsequent developments, information or events that may occur.
GE Shipping - Q4 & FY23 Results
2
FY23 HIGHLIGHTS
Highest ever net profits of INR 2,575 Cr on a consolidated basis
Our consolidated NAV has moved by 68% in FY23 to INR 1164/share
Highest ever dividend announced for a year of INR 28.80/share
GE Shipping - Q4 & FY23 Results
3
REPORTED HIGHLIGHTS
GE Shipping FY23 consolidated Net Profit at INR 2,575 Cr
Declared 4th interim dividend of INR 9.00/Share for FY2023
Standalone
Conslidated
Q4
Q4
Q4
Q4
Fig in INR Crores
FY23
FY22
FY23
FY22
FY23
FY22
FY23
FY22
Income Statement
Revenue*
1,268
740
5,096
2,966
1,551
983
6,171
3,669
EBITDA*
808
358
3,098
1,543
942
453
3,608
1,695
Net Profit
632
186
2,352
812
722
189
2,575
630
Balance Sheet
Total Assets
12,026
10,969
12,026
10,969
15,209
13,969
15,209
13,969
Equity
8,520
6,571
8,520
6,571
10,275
8,051
10,275
8,051
Gross Debt
2,531
3,430
2,531
3,430
3,623
4,625
3,623
4,625
Net Debt
(1,673)
378
(1,673)
378
(1,578)
720
(1,578)
720
Cash Flows
- From Operating Activities
724
203
2,715
1,150
880
342
3,155
1,343
- From Investing Activities
(60)
(53)
(16)
(263)
(83)
(46)
(70)
(375)
- From Financing Activities
(749)
(271)
(1,621)
(981)
(819)
(123)
(1,884)
(1,179)
Net Cash Inflow/Outflow
(85)
(121)
1,078
(94)
(22)
173
1,201
(211)
* Including Other Income
GE Shipping - Q4 & FY23 Results
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Disclaimer
The Great Eastern Shipping Company Limited published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 11:36:10 UTC.
The Great Eastern Shipping Company Limited is an India-based private sector shipping company. The Company provides for transportation of crude oil, petroleum products, gas and dry bulk commodities. The Company is engaged in shipping business segment. The Company customers include oil companies, refineries, manufacturers, miners and producers, among others. Its crude oil carriers include JAG LOK, JAG LALIT, JAG LEENA, JAG LAKSHYA, JAG LEELA and JAG LAXMI. The Company's product carriers include JAG LOKESH, JAG LARA, JAG AABHA, JAG AANCHAL, JAG AMISHA, JAG APARNA, JAG PANKHI, JAG PAHEL, JAG PRABHA, JAG PRANAM, JAG PRANAV, JAG POOJA, Jag Parth and JAG PADMA. Its LPG carriers include JAG VIKRAM, JAG VISHNU, JAG VASANT and JAG VIRAAT. Its Dry Bulk Carriers include JAG ANAND, JAG ALAIA, JAG AARATI and JAG ADITI. Its subsidiaries include The Greatship (Singapore) Pte. Ltd., The Great Eastern Chartering LLC (FZC), Greatship (India) Limited, Great Eastern CSR Foundation and others.