Great Eastern Shipping Company Ltd Q2FY17
Consolidated Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||53.8|||
|Net Profit (adjusted)||268.75||[24.0]|
The Great Eastern Shipping Co. Ltd’s Q2FY17 numbers came in above Bloomberg estimates. Revenue came in-line with the estimate of Rs 820 cr and net profit was 45.4% higher than the estimated figure of Rs 85 cr.
Revenue for the quarter declined 20.2% yoy to Rs 814 cr.
Reported EBITDA fell by 27.4% yoy to Rs 438 cr while EBITDA margins contracted by 533 bps yoy to 53.8%.
Net profit fell 24% yoy to Rs 269 cr primarily due to other income of Rs 76 cr from MTM and realized gain on foreign currency and derivatives transaction as compared to Rs 45 cr loss in corresponding quarter last year.
Great Eastern Shipping Company Ltd is currently trading at Rs. 360.4, down by 1.3 points or 0.36% from its previous closing of Rs. 361.7 on the BSE.
The scrip opened at Rs. 361 and has touched a high and low of Rs. 365 and Rs. 359 respectively. So far 15513(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.
BSE 362.95 5.45 (1.52%)
NSE 363.00 6.55 (1.84%)
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