GESHIP2024-01-012024-03-31 GESHIP2024-01-012024-03-31 GESHIP2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member GESHIP2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member GESHIP2024-01-012024-03-31in-bse-fin:OneOperatingExpenses03Member GESHIP2024-01-012024-03-31in-bse-fin:OneOperatingExpenses04Member GESHIP2024-01-012024-03-31in-bse-fin:OneOperatingExpenses05Member GESHIP2024-01-012024-03-31in-bse-fin:OneOperatingExpenses06Member GESHIP2024-01-012024-03-31in-bse-fin:OneOperatingExpenses07Member GESHIP2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member GESHIP2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member GESHIP2024-01-012024-03-31in-bse-fin:FourOperatingExpenses03Member GESHIP2024-01-012024-03-31in-bse-fin:FourOperatingExpenses04Member GESHIP2024-01-012024-03-31in-bse-fin:FourOperatingExpenses05Member GESHIP2024-01-012024-03-31in-bse-fin:FourOperatingExpenses06Member GESHIP2024-01-012024-03-31in-bse-fin:FourOperatingExpenses07Member GESHIP2024-03-31 GESHIP2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue01Member GESHIP2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue02Member GESHIP2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue01Member GESHIP2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue02Member GESHIP2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults01Member GESHIP2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults02Member GESHIP2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults01Member GESHIP2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults02Member GESHIP2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets01Member GESHIP2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets02Member GESHIP2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member GESHIP2024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member GESHIP2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member GESHIP2024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member GESHIP2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member GESHIP2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member GESHIP2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member GESHIP2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500620 GESHIP NA The Great Eastern Shipping Company Limited Equity 2023-04-01 2024-03-31 2024-05-10 2024-04-26 INR Crores Yearly 10:00:00 14:00:00 2024-05-10 2024-05-10 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2024-01-01 2024-03-31 Unaudited Consolidated 14973300000.00 2292500000.00 17265800000.00 0.00 0.00 0.00 2317200000.00 585100000.00 1655900000.00 3288400000.00 7846600000.00 9419200000.00 0.00 9419200000.00 189500000.00 178900000.00 368400000.00 0.00 9050800000.00 0.00 0.00 0.00 0.00 9050800000.00 -54200000.00 8996600000.00 9050800000.00 0.00 -54200000.00 0.00 1427700000.00 10 63.40 63.27 0.00 0.00 63.40 63.27 0.00 0.03 0.00 Please note interest service coverage ratio for the quarter and year ended March 31, 2024 is 19.71 and 13.87 respectively. 2.Subsequent to the end of the quarter under review, the Company has formed a wholly owned subsidiary, viz. GESHIPPING (IFSC) LIMITED, in International Financial Services Centre (‘IFSC’) at Gift City, Gandhinagar, Gujarat with the main object of ‘ship leasing’ which shall include owning, operating and chartering of vessels and other permissible activities as per International Financial Services Centres Authority Act, 2019. 3.The Board of Directors has declared a fourth interim dividend of Rs. 10.80 per share of Rs. 10/- each. For the nine month period ended December 31, 2023, the Company had declared and paid three interim dividends totalling to Rs. 18.00 per equity share of Rs. 10/- each. In addition a special dividend of Rs. 7.50/- per equity share of Rs. 10/- each to commemorate the 75th anniversary of the Company was declared and paid in August 2023. The total dividends including special dividend declared for the year ended March 31, 2024 aggregate to Rs. 36.30 per equity share. 4.During the quarter under review, the Company undertook the following transactions: Sales -sold and delivered its 2004 built Medium Range Product Tanker Jag Prabha. -contracted to sell its 2004 built Medium Range Product Tanker Jag Pahel to be delivered in first quarter of Financial Year 2024-25. Purchases -took delivery of a Medium Range Product Tanker built in 2010, renamed as Jag Priya, subsequent to the end of the quarter. -took delivery of a Medium Range Product Tanker built in 2013, renamed as Jag Prachi, subsequent to the end of the quarter. 5.During the previous year, Greatship (India) Ltd., a wholly owned subsidiary of the Company, received claim from insurance company of Rs. 44.73 crores towards full and final settlement for vessel Greatship Rohini which had met with a major fire accident during financial year ended March 31, 2021. The claim has been recognised as other income during the previous year ended March 31, 2023. Multi segment 2023-04-01 2024-03-31 Audited Consolidated 52551700000.00 6635300000.00 59187000000.00 0.00 0.00 0.00 8862500000.00 2647000000.00 7260700000.00 13473000000.00 32243200000.00 26943800000.00 0.00 26943800000.00 592000000.00 210000000.00 802000000.00 0.00 26141800000.00 0.00 0.00 0.00 0.00 26141800000.00 4500000.00 26146300000.00 26141800000.00 0.00 4500000.00 0.00 1427700000.00 10 122546800000.00 183.11 182.74 0.00 0.00 183.11 182.74 0.00 0.04 0.00 (Gain)/ loss due to change in fair value / settlement of derivative contracts(net) -618000000.00 Consumption of spares and stores 803600000.00 Foreign exchange (gain) / loss (net) -59700000.00 Fuel oil and water 1055900000.00 Other Expenses 1786300000.00 Port, light and canal dues 450600000.00 Reversal of impairment on vessels -130300000.00 (Gain)/ loss due to change in fair value / settlement of derivative contracts(net) -1247200000.00 Consumption of spares and stores 3161200000.00 Foreign exchange (gain) / loss (net) -524200000.00 Fuel oil and water 4337800000.00 Other Expenses 6129600000.00 Port, light and canal dues 1746100000.00 Reversal of impairment on vessels -130300000.00 0.00 83084800000.00 507300000.00 0.00 0.00 67900000.00 84800000.00 0.00 0.00 0.00 0.00 0.00 446900000.00 446900000.00 0.00 1994100000.00 86185800000.00 2473800000.00 19696900000.00 6468900000.00 32878800000.00 16029100000.00 0.00 2171400000.00 77245100000.00 0.00 1624800000.00 81343700000.00 549100000.00 0.00 168078600000.00 1427700000.00 122546800000.00 123974500000.00 123974500000.00 24077200000.00 0.00 2774600000.00 26851800000.00 384700000.00 1692500000.00 0.00 110200000.00 29039200000.00 6233100000.00 4560200000.00 2772500000.00 13565800000.00 606700000.00 456700000.00 435700000.00 0.00 15064900000.00 0.00 0.00 44104100000.00 168078600000.00 6.Greatship (India) Ltd., a wholly owned subsidiary of the Company has reversed provision for tax relating to earlier years based on the favourable orders received, time barred assessments, etc. 7.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, 2024 which pertains to earlier periods. These have been subjected to limited review by the statutory auditors. 8.The above financial results have been reviewed by the Audit Committee at their meeting held on May 09, 2024 and approved by the Board of Directors at their meetings held on May 10, 2024. 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. 9.The results for the quarter and year ended March 31, 2024, 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). 10.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 : (a)As per the terms of issue of 6,000 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. As per the terms of issue of 13,000 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. Offshore 3244900000.00 Shipping 14102800000.00 Offshore 10903200000.00 Shipping 48574600000.00 17347700000.00 59477800000.00 81900000.00 290800000.00 17265800000.00 59187000000.00 Offshore 936400000.00 Shipping 8114400000.00 Offshore 1632800000.00 Shipping 24509000000.00 9050800000.00 26141800000.00 0.00 0.00 0.00 0.00 9050800000.00 26141800000.00 Offshore 43853500000.00 Shipping 124225100000.00 168078600000.00 0.00 168078600000.00 Offshore 11393400000.00 Shipping 32710700000.00 44104100000.00 0.00 44104100000.00 2647000000.00 -428400000.00 0.00 0.00 -873000000.00 0.00 0.00 0.00 0.00 1022000000.00 0.00 296400000.00 0.00 7260700000.00 -130300000.00 0.00 0.00 0.00 0.00 -459100000.00 0.00 2061100000.00 0.00 -1319200000.00 0.00 -4245300000.00 -23400000.00 -77900000.00 0.00 1608400000.00 28552200000.00 0.00 0.00 0.00 471700000.00 0.00 28080500000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4099300000.00 8452000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1715100000.00 0.00 -6508700000.00 0.00 -9146300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8066800000.00 14160500000.00 0.00 105700000.00 4925400000.00 2571100000.00 0.00 394400000.00 -13301500000.00 5632700000.00 462500000.00 6095200000.00 26783600000.00 32878800000.00 Items that will not be reclassified to Profit and Loss -49500000.00 Items that will not be reclassified to Profit and Loss -24200000.00 -49500000.00 -24200000.00 300000.00 -500000.00 Items that will be reclassified as to Profit or Loss -36800000.00 Items that will be reclassified as to Profit or Loss -26100000.00 -36800000.00 -26100000.00 -32400000.00 -54300000.00