GE Shipping Co's Q4 2024 Results Show Positive Growth and Improved Financial Health
Great Eastern Shipping Company (GE Shipping Co) has recently announced its financial results for the quarter ended March 2024. The company has shown a positive performance in this quarter, with a score of 13 compared to -7 in the previous quarter.One of the key factors contributing to this improvement is the company's ability to manage interest payments, with an Operating Profit to Interest ratio of 16.01 times, the highest in the last five quarters. This indicates that the company's financial health is improving.
The Profit Before Tax less Other Income (PBT) for this quarter has also shown a significant growth of 48.4% compared to the average PBT of the previous four quarters. This trend is expected to continue in the near term.
Similarly, the Profit After Tax (PAT) for this quarter has also seen a growth of 48.9% compared to the average PAT of the previous four quarters. This positive trend is expected to continue in the near future.
The company's Net Sales for this quarter have also reached its highest at Rs 1,497.33 crore in the last five quarters, indicating a positive sales trend in the near term.
In terms of profitability, the Operating Profit (PBDIT) for this quarter has also reached its highest at Rs 936.77 crore in the last five quarters. This shows that the company's efficiency has improved.
The Operating Profit Margin for this quarter has also reached its highest at 62.56%, indicating an improvement in the company's efficiency.
Overall, the company's financial performance for the quarter ended March 2024 has been positive, with the highest PBT and PAT in the last five quarters. This has also resulted in the highest Earnings per Share (EPS) of Rs 63.39 in the last five quarters, creating higher earnings for shareholders. Based on these financials, MarketsMOJO has given a 'Hold' call for GE Shipping Co's stock.
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