The Great Eastern Shipping Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 27, 2023 at 10:06 am
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The Great Eastern Shipping Company Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 12,290.2 million compared to INR 14,474.5 million a year ago. Revenue was INR 14,614.5 million compared to INR 17,003.5 million a year ago. Net income was INR 5,946.6 million compared to INR 7,688.3 million a year ago. Basic earnings per share from continuing operations was INR 41.65 compared to INR 53.85 a year ago. Diluted earnings per share from continuing operations was INR 41.57 compared to INR 53.74 a year ago.
For the six months, sales was INR 25,127.1 million compared to INR 28,134.5 million a year ago. Revenue was INR 27,961.7 million compared to INR 30,979.9 million a year ago. Net income was INR 11,709.3 million compared to INR 12,258.7 million a year ago. Basic earnings per share from continuing operations was INR 82.02 compared to INR 85.86 a year ago. Diluted earnings per share from continuing operations was INR 81.85 compared to INR 85.7 a year ago.
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.