Integrated Filing — IndAS

General information about company
Scrip Code	500620
NSE Symbol	GESHIP
MSEI Symbol	NA
ISIN	INE017A01032
Name of company	The Great Eastern Shipping Company Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	09-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	06-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	09-May-2025   14:30:00
End date and time of board meeting	09-May-2025   17:00:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Unaudited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	12230400000	53225400000
	Other income	1502000000	8343400000
	Total income	13732400000	61568800000
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	2281500000	9443400000
(e)	Finance costs	506500000	2364300000
(f)	Depreciation, depletion and amortisation expense	2053000000	8132300000
(f)	Other Expenses
1	Fuel oil and water	824500000	4010000000
2	Port, light and canal dues	397100000	1583000000
3	Consumption of spares and stores	894800000	3467600000
4	(Gain)/loss due to change in fair values / settlement of derivative contracts (net)	-291400000	287500000
5	Foreign exchange (gain)/loss (net)	30700000	-1009200000
6	Impairment / (Reversal of impairment) on vessels	692000000	610600000
7	Other Expenses	2385000000	8062400000
	Total other expenses	4932700000	17011900000
	Total expenses	9773700000	36951900000
3	Total profit before exceptional items and tax	3958700000	24616900000
4	Exceptional items	0	0
5	Total profit before tax	3958700000	24616900000
6	Tax expense
7	Current tax	238500000	805200000
8	Deferred tax	89300000	369100000
9	Total tax expenses	327800000	1174300000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	3630900000	23442600000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	3630900000	23442600000
17	Other comprehensive income net of taxes	-50500000	185600000
18	Total Comprehensive Income for the period	3580400000	23628200000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	3630900000	23442600000
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	-50500000	185600000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
21	Details of equity share capital
	Paid-up equity share capital	1427700000	1427700000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		141163900000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	25.43	164.2
	Diluted earnings (loss) per share from continuing operations	25.38	163.87
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	25.43	164.2
	Diluted earnings (loss) per share from continuing and discontinued operations	25.38	163.87
24	Debt equity ratio	0.0015	0.0015
25	Debt service coverage ratio	0.0131	0.0312
26	Interest service coverage ratio	0.1424	0.1511
27	Disclosure of notes on financial results		n2.The Board of Directors has declared a fourth interim dividend of Rs. 5.40 per share of Rs. 10/- each. nFor the nine month period ended December 31, 2024, the Company had declared and paid three interim dividends totalling to Rs. 24.30 per equity share of Rs. 10/- each. nThe total interim dividends declared for the year ended March 31, 2025 aggregates to Rs. 29.70 per equity share. n n3.During the quarter under review, the Company contracted to sell and delivered its 2011 built Supramax Dry Bulk Carrier named Jag Rishi. n n4.The figures of last quarter are the balancing figures between audited figures in respect of full financial year and the published year to date figures up to the third quarter, and there are no material adjustments made in the results of the quarter ended March 31, 2025 which pertains to earlier periods. These have been subjected to limited review by the statutory auditors. n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	82245900000
	Capital work-in-progress	174200000
	Investment property	0
	Goodwill	0
	Other intangible assets	160800000
	Intangible assets under development	31600000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	1404700000
	Total non-current financial assets	1404700000
	Deferred tax assets (net)	0
	Other non-current assets	1382800000
	Total non-current assets	85400000000
2	Current assets
	Inventories	2526900000
	Current financial asset
	Current investments	22890300000
	Trade receivables, current	4809900000
	Cash and cash equivalents	41119600000
	Bank balance other than cash and cash equivalents	16144400000
	Loans, current	0
	Other current financial assets	2329700000
	Total current financial assets	87293900000
	Current tax assets (net)	0
	Other current assets	1335800000
	Total current assets	91156600000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	176556600000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1427700000
	Other equity	141163900000
	Total equity attributable to owners of parent	142591600000
	Non controlling interest	0
	Total equity	142591600000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	14878600000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	2432500000
	Total non-current financial liabilities	17311100000
	Provisions, non-current	376800000
	Deferred tax liabilities (net)	2076400000
	Deferred government grants, Non-current	0
	Other non-current liabilities	86800000
	Total non-current liabilities	19851100000
	Current liabilities
	Current financial liabilities
	Borrowings, current	6672800000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	267700000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	2634800000
	Total Trade payable	2902500000
	Other current financial liabilities	3420700000
	Total current financial liabilities	12996000000
	Other current liabilities	611200000
	Provisions, current	140200000
	Current tax liabilities (Net)	366500000
	Deferred government grants, Current	0
	Total current liabilities	14113900000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	33965000000
	Total equity and liabilites	176556600000
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block

Textual Information(1)

n5.The above financial results have been reviewed by the Audit Committee at their meeting held on May 08, 2025 and approved by the Board of Directors at their meetings held on May 09, 2025. The Statutory Auditors report does not have any qualifications. The financial results for the quarter and year ended have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder. n n6.The results for the quarter and year ended March 31, 2025, are available on BSE Ltd. website (URL:www.bseindia.com/corporates), on National Stock Exchange of India Ltd. website (URL:www.nseindia.com/corporates) and on the Company website (URL:www.greatship.com/ financial_result.html). n n7.Additional disclosures as per Clause 52(4) and Clause 54(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 :t n n(a)As per the terms of issue of 4,500 Secured Redeemable Non-convertible Debentures of Rs. 10 lakhs each, the Company has created and maintained exclusive charge on ships (over 1.20 times cover on market value of ships) and additional security by way of mortgage on immovable property. n nAs per the terms of issue of 10,500 Unsecured Redeemable Non-convertible Debentures of Rs. 10 lakhs each, the Company has maintained unencumbered assets (including cash and cash equivalents) of market value not less than outstanding face value amount of these debentures. n n n n

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Unaudited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Shipping	10015600000	48609800000
2	Offshore	3800600000	13303100000
	Total Segment Revenue	13816200000	61912900000
	Less: Inter segment revenue	83800000	83800000
	Revenue from operations	13732400000	61568800000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Shipping	2804900000	20787300000
2	Offshore	826000000	2655300000
	Total Profit before tax	3630900000	23442600000
	i. Finance cost	0	0
	ii. Other Unallocable Expenditure net off Unallocable income	0	0
	Profit before tax	3630900000	23442600000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Shipping	131417200000	131417200000
2	Offshore	45139400000	45139400000
	Total Segment Asset	176556600000	176556600000
	Un-allocable Assets	0	0
	Net Segment Asset	176556600000	176556600000
4	Segment Liabilities
	Segment Liabilities
1	Shipping	23860200000	23860200000
2	Offshore	10104800000	10104800000
	Total Segment Liabilities	33965000000	33965000000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	33965000000	33965000000
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Unaudited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Items that will not be reclassified to Profit or Loss	35700000	90900000
	Total Amount of items that will not be reclassified to profit and loss	35700000	90900000
2	Income tax relating to items that will not be reclassified to profit or loss	8300000	8200000
3	Amount of items that will be reclassified to profit and loss
1	Items that will be reclassified to Profit or Loss	-72100000	109500000
	Total Amount of items that will be reclassified to profit and loss	-72100000	109500000
4	Income tax relating to items that will be reclassified to profit or loss	5800000	6600000
5	Total Other comprehensive income	-50500000	185600000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Unaudited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			24616900000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			2364300000
	Adjustments for decrease (increase) in inventories			-53000000
	Adjustments for decrease (increase) in trade receivables, current			0
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			703200000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-1172300000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			415700000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			8132300000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			610600000
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-214300000
	Adjustments for dividend income			0
	Adjustments for interest income			2751000000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			379800000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-5661200000
	Other adjustments to reconcile profit (loss)			-23400000
	Other adjustments for non-cash items			-43600000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			2687100000
	Net cash flows from (used in) operations			27304000000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			830400000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			26473600000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			10002500000
	Purchase of property, plant and equipment			11753500000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			2736900000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-2897400000
	Net cash flows from (used in) investing activities	-1911500000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			9079000000
	Payments of lease liabilities			114200000
	Dividends paid			5011100000
	Interest paid			2364400000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-181500000
	Net cash flows from (used in) financing activities			-16750200000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			7811900000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			428900000
	Net increase (decrease) in cash and cash equivalents			8240800000
	Cash and cash equivalents cash flow statement at beginning of period			32878800000
	Cash and cash equivalents cash flow statement at end of period			41119600000