Great Eastern Shipping : Q1FY23 Updates Presentation
July 29, 2022 at 07:08 am
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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.
FINANCIAL YEAR Q1FY23
01 Aug 2022
REPORTED FINANCIAL
HIGHLIGHTS
GE Shipping Q1FY23 consolidated Net Profit at INR 457 Cr
Declared 1st interim dividend of INR 5.40/Share for FY2023
Standalone
Key Figures
Consolidated
Q1FY23
Q1FY22
(Amount in INR Cr)
Q1FY23
Q1FY22
Income Statement
1,165
664
Revenue (including other income)
1,398
801
616
292
EBITDA (including other income)
723
283
428
99
Net Profit
457
12
Balance Sheet
11,077
10,706
Total Assets
14,143
13,931
6,924
6,210
Equity
8,471
7,742
3,173
3,640
Total Debt (Gross)
4,380
4,922
71
724
Long Term Debt (Net of Cash)
421
1,162
Cash Flow
444
230
From operating activities
475
237
(24)
(177)
From investing activities
(36)
(243)
(408)
(286)
From financing activities
(460)
(335)
12
(232)
Net cash inflow/(outflow)
(21)
(341)
4
NORMALIZED FINANCIAL
NOTES
The impact of the exchange rate on foreign currency loans and current assets and liabilities, including cash and bank balances, has been removed
NCD & Currency Swap:
Funds raised through NCDs have been swapped into USD using INR-FCY swaps, thus creating synthetic fixed rate USD loans.
The MTM change of these swaps impacts the reported numbers.
Normalized numbers are worked out after making necessary adjustments to reported numbers to reflect the effective cost of the synthetic USD loans.
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The Great Eastern Shipping Company Limited published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 11:07:15 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.