GE Shipping Co's Q2 financial results show mixed performance, stock call 'Hold'.

Great Eastern Shipping Company (GE Shipping Co) has recently declared its financial results for the quarter ending September 2024. The company, which operates in the shipping industry and is classified as a midcap company, has seen a flat financial performance in the second quarter of the fiscal year 2024-25.

According to MarketsMOJO, a leading financial analysis platform, the stock call for GE Shipping Co is 'Hold'. This is based on the company's financial performance in the last three months, where its score has fallen from 5 to -1.

However, there are some positive aspects to GE Shipping Co's financials for the quarter. The company has been able to maintain a low debt-equity ratio of 0.21 times, which has been decreasing over the last five half-yearly periods. This indicates that the company is reducing its borrowing in comparison to its equity capital. Additionally, the company has a high cash and cash equivalents balance of Rs 5,278.74 crore, which has been increasing over the last six half-yearly periods. This shows that the company's short-term liquidity is improving. Furthermore, GE Shipping Co has a high debtors turnover ratio of 11.51 times, indicating that the company is able to settle its debtors faster.

On the other hand, there are some areas of concern in GE Shipping Co's financials for the quarter. The company's profit before tax (PBT) has fallen by 28.0% to Rs 384.39 crore, compared to the average PBT of the previous four quarters. Similarly, the company's profit after tax (PAT) has also fallen by 19.2% to Rs 575.57 crore, compared to the average PAT of the previous four quarters. This indicates a negative trend in the company's near-term PBT and PAT. Additionally, the company's non-operating income is 36.96% of its PBT, which suggests that the company's income from non-business activities is high and not a sustainable business model.

In conclusion, GE Shipping Co's financial results for the quarter ending September 2024 have been declared and the stock call is 'Hold' according to MarketsMOJO. While the company has shown some positive aspects in its financials, there are also some areas of concern that investors should keep in mind.