{"id":138126,"date":"2022-11-28T08:41:10","date_gmt":"2022-11-28T13:41:10","guid":{"rendered":"https:\/\/44.250.171.167\/?p=138126"},"modified":"2022-11-28T08:41:11","modified_gmt":"2022-11-28T13:41:11","slug":"great-eastern-shipping-company-ltd-q2-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/great-eastern-shipping-company-ltd-q2-fy23-earnings-conference-call-insights\/","title":{"rendered":"Great Eastern Shipping Company Ltd Q2 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Great Eastern Shipping Company Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/GESHIP\/\">GESHIP<\/a>) Q2 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>[00:01:12] GESHIP said it declared its best-ever quarter of profits. The company finished 2Q23 with more cash than debt and is has zero net debt currently.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:15:47] Amit Khetan from Laburnum Capital asked about the main 2-3 risks that GESHIP is most mindful of that could take freight rate on a sustained basis to the levels of 2021. Bharat Sheth MD said that GESHIP doesn\u2019t believe it should happen again. It all depends on the level of possible demand destruction on recessionary fears.<\/li>\n<\/ul>\n<ul>\n<li>[00:17:38] Abhishek Nigam of B&amp;K Securities asked about EU\u2019s plan to impose price cap on Russian oil and eventually move away from Russia. Bharat Sheth MD answered that GESHIP is now at a 90% plus utilization level, for crude and petroleum products. So with this utilization, even slightest uptick in demand or trading pattern can lead to meaningful uptick in freight rates.<\/li>\n<\/ul>\n<ul>\n<li>[00:24:20] Abhishek Nigam of B&amp;K Securities enquired that on the offshore side, which saw good improvement on revenue, if there was any one-offs. \u00a0Bharat Sheth MD replied that GESHIP received a lumpy insurance claim and that money has come in, in 2Q23. However, the company added that excluding the one-time income\/expense there\u2019s lot more optimism in the sector also.<\/li>\n<\/ul>\n<ul>\n<li>[00:29:10] Vaibhav Badjatya of HNI Investment asked that in which trades GESHIP tankers are currently deployed. Bharat Sheth MD said that sometimes they get deployed into India, sometimes internationally. But broadly, about 75% of GESHIP revenue comes from international trades.<\/li>\n<\/ul>\n<ul>\n<li>[00:30:59] Vaibhav Badjatya of HNI Investment enquired that if the company wants to increasingly deploy its fleet for imports from Russia. Bharat Sheth MD answered that the company haven\u2019t done any trade from Russia since the declaration of war. Also, GESHIP has no intention to do anything at this stage.<\/li>\n<\/ul>\n<ul>\n<li>[00:31:44] Himanshu Upadhyay of O3 Capital asked about the dividend philosophy going forward. Bharat Sheth MD answered that broadly it won\u2019t change and the company will keep paying out dividends as long as markets remain strong.<\/li>\n<\/ul>\n<ul>\n<li>[00:39:34] Himanshu Upadhyay of O3 Capital enquired if GESHIP is still trading in handysizes and if it\u2019s looking for opportunities on that segment. \u00a0Bharat Sheth MD said it\u2019s not a no, as shipping is about uncertainty. Currently, the company\u2019s thinking is to go for the larger sizes.<\/li>\n<\/ul>\n<ul>\n<li>[00:41:15] Rajesh Khattar enquired how much lower is the time charter rate vs. spot rate in tankers. Bharat Sheth MD answered that the time charter rate all depends on the duration. The longer the duration, the steeper the backwardation.<\/li>\n<\/ul>\n<ul>\n<li>[00:47:11] Rajesh Khattar asked about the tanker rates in October and November vs. July to Sept. Bharat Sheth MD replied that Oct. and Nov. till date, on the crude side it is stronger. On the product side, in smaller ships it\u2019s a little weaker and on bigger product tanker it\u2019s a little stronger.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Great Eastern Shipping Company Ltd (GESHIP) Q2 FY23 Earnings Concall Management Update: [00:01:12] GESHIP said it declared its best-ever quarter of profits. The company finished 2Q23 with more cash than debt and is has zero net debt currently. Q&amp;A Highlights: [00:15:47] Amit Khetan from Laburnum Capital asked about the main 2-3 risks [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Great Eastern Shipping Company Ltd Q2 FY23 Earnings Conference Call Insights #GESHIP #Q2 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[10169,8691],"class_list":["post-138126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-earnings","tag-shipping"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":141878,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-great-eastern-shipping-company-limited-for-q3-fy23\/","url_meta":{"origin":138126,"position":0},"title":"Earnings Summary Of Great Eastern Shipping Company Limited For Q3 FY23","author":"Hardik Bhandare","date":"February 15, 2023","format":false,"excerpt":"Great Eastern Shipping Company Limited (NSE: GESHIP) is one of the leading private sector shipping companies in India. Founded in 1948, the company is headquartered in Mumbai and has a fleet of over 50 vessels, including tankers, bulk carriers, and offshore support vessels. GESCO operates globally, with a presence in\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-15.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-15.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-15.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-15.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-15.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-15.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178708,"url":"https:\/\/alphastreet.com\/india\/great-eastern-shipping-q3-profit-hits-inr-813-crore-declares-16th-straight-interim-dividend\/","url_meta":{"origin":138126,"position":1},"title":"Great Eastern Shipping Q3 Profit Hits INR 813 Crore; Declares 16th Straight Interim Dividend","author":"Staff Correspondent","date":"January 30, 2026","format":false,"excerpt":"The Great Eastern Shipping Company Limited (NSE: GESHIP; BSE: 500620) reported a surge in its consolidated net profit to INR 813 crore for the third quarter ended December 31, 2025 (Q3FY26), according to its latest financial results released on Thursday. The Mumbai-based shipping giant, India's largest private sector shipping and\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":133452,"url":"https:\/\/alphastreet.com\/india\/time-technoplast-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":138126,"position":2},"title":"Time Technoplast Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 25, 2022","format":false,"excerpt":"Key highlights from Time Technoplast Limited (TIMETECHNO) Q1 FY23 Earnings Concall Q&A Highlights: Pritesh Chheda from Lucky Investment asked about revenue comparison from June \u201919 to June \u201922, why there isn\u2019t much growth in the company. Bharat Vageria MD answered that revenue has to be compared with input costs. This\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":139840,"url":"https:\/\/alphastreet.com\/india\/great-eastern-shipping-company-ltd-geship-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":138126,"position":3},"title":"Great Eastern Shipping Company Ltd (GESHIP) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 1, 2023","format":false,"excerpt":"Great Eastern Shipping Company Ltd (NSE: GESHIP) Q3 FY23 Earnings Concall dated Feb. 01, 2023 Corporate Participants: G. Shivakumar\u00a0--\u00a0Executive Director and Chief Financial Officer Bharat Kanaiyalal Sheth\u00a0--\u00a0Deputy Chairman and Managing Director Analysts: Amit Khetan\u00a0--\u00a0Laburnum Capital. -- Analyst Abhishek Nigam\u00a0--\u00a0B&K Securities -- Analyst Himanshu Upadhyay\u00a0--\u00a0O3 Capital -- Analyst Roshan Nair\u00a0--\u00a0B&K Securities\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":137078,"url":"https:\/\/alphastreet.com\/india\/pidilite-industries-limited-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":138126,"position":4},"title":"Pidilite Industries Limited Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 22, 2022","format":false,"excerpt":"Key highlights from Pidilite Industries Limited (PIDILITIND) Q2 FY23 Earnings Concall Q&A Highlights: [00:06:02] Avi Mehta from Macquarie asked about VAM consumption rate for the quarter. Sandeep Batra CFO replied that VAM consumption rate was $2,491 per tonne vs. $2,231 in 1Q23. And in 2Q22, it was $2,071 per tonne.\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":138110,"url":"https:\/\/alphastreet.com\/india\/great-eastern-shipping-company-ltd-geship-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":138126,"position":5},"title":"Great Eastern Shipping Company Ltd (GESHIP) Q2 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"November 14, 2022","format":false,"excerpt":"\u00a0 Great Eastern Shipping Company Ltd (NSE:GESHIP) Q2 FY23 Earnings Concall dated Nov. 14, 2022 Corporate Participants: G. Shivakumar -- Executive Director and Chief Financial Officer Bharat K. Sheth -- Deputy Chairman & Managing Director Anjali Kumar\u00a0--\u00a0Head of Corporate Communications Analysts: Amit Khetan -- Laburnum Capital -- Analyst Abhishek Nigam\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/138126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=138126"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/138126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=138126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=138126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=138126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}