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Great Eastern Shipping Company Ltd Q2FY24; 23% fall in Profits

Great Eastern Shipping Company Ltd, along with its subsidiaries is a major player in the Indian shipping and Oil drilling services industry.

Financial Results:

Great Eastern Shipping Company Ltd reported Revenues for Q2FY24 of ₹1,229.00 Crores down from ₹1,447.00 Crore year on year, a fall of 15.07%.

Total Expenses for Q2FY24 of ₹850.00 Crores down from ₹923.00 Crores year on year, a fall of 7.91%.

Consolidated Net Profit of ₹595.00 Crores down 22.63% from ₹769.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹41.65, down 22.66% from ₹53.85 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Oil & Gas
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