GESHIP2020-10-012020-12-31in-bse-fin:OneOperatingExpenses01Member GESHIP2020-10-012020-12-31in-bse-fin:OneOperatingExpenses02Member GESHIP2020-10-012020-12-31in-bse-fin:OneOperatingExpenses03Member GESHIP2020-10-012020-12-31in-bse-fin:OneOperatingExpenses04Member GESHIP2020-10-012020-12-31in-bse-fin:OneOperatingExpenses05Member GESHIP2020-10-012020-12-31in-bse-fin:OneOperatingExpenses06Member GESHIP2020-10-012020-12-31in-bse-fin:OneOperatingExpenses07Member GESHIP2020-10-012020-12-31in-bse-fin:FourOperatingExpenses01Member GESHIP2020-10-012020-12-31in-bse-fin:FourOperatingExpenses02Member GESHIP2020-10-012020-12-31in-bse-fin:FourOperatingExpenses03Member GESHIP2020-10-012020-12-31in-bse-fin:FourOperatingExpenses04Member GESHIP2020-10-012020-12-31in-bse-fin:FourOperatingExpenses05Member GESHIP2020-10-012020-12-31in-bse-fin:FourOperatingExpenses06Member GESHIP2020-10-012020-12-31in-bse-fin:FourOperatingExpenses07Member GESHIP2020-10-012020-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member GESHIP2020-10-012020-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member GESHIP2020-10-012020-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member GESHIP2020-10-012020-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares GESHIP 2020-04-01 2021-03-31 2021-01-18 INR Crores Third quarter Single segment Shipping 2020-10-01 2020-12-31 Unaudited Standalone 5922100000.00 1042100000.00 6964200000.00 0.00 0.00 0.00 1163800000.00 639000000.00 1114300000.00 1893900000.00 4811000000.00 2153200000.00 0.00 2153200000.00 70000000.00 39100000.00 109100000.00 0.00 2044100000.00 0.00 0.00 0.00 0.00 2044100000.00 162700000.00 2206800000.00 0.00 0.00 1469700000.00 10 13.91 13.88 0.00 0.00 13.91 13.88 NOTES TO CONSOLIDATED FINANCIAL RESULTS: n1.tThe shipping and offshore operations of the Group have continued, albeit with some disruptions due to lockdowns during earlier quarters following the COVID 19 outbreak. Operational challenges including movement of manpower and materials are being appropriately addressed by the Management. nThe internal financial reporting and controls of the Group have been operating satisfactorily with support of technology. Offshore assets under term contracts with reputed customers continue to operate as per original contracts. For shipping, the impact of COVID-19 pandemic has been varying across types of assets. Whilst the volatility of freight rates has been higher than usual in some cases, the ships have continued to remain deployed. Such higher volatility in the market is expected to be temporary and hence it has not materially impacted estimates of long-term rates considered in assessing recoverable amounts of the property, plant and equipment. The possible effects from the pandemic on the carrying amounts of receivables and unbilled revenues have been assessed, and carrying amounts of such assets are expected to be fully recoverable. The Group has adequate resources to meet its financial obligations in the foreseeable future. nThe impact of COVID-19 may differ from that estimated as at the date of approval of these financial results. n n2.tThe Code on Social Security, 2020 (‘Code’) relating to employee benefits during employment and post-employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective. n n3.tDuring the quarter under review, the Company undertook the following transactions : n n-tsold and delivered its 1996 built Very Large Gas Carrier ‘Jag Vidhi’. n n-ttook delivery of a second-hand Very Large Gas Carrier built in 2002, renamed ‘Jag Vishnu’ n n-tthe company has contracted to buy a Secondhand Capesize Bulk Carrier built in 2014 which is expected to be delivered in the fourth quarter of FY 2020-21. n n-ttook delivery of a second-hand Long Range Product Carrier built in 2012, renamed ‘Jag Lara’. n n-tcontracted to sell and delivered its 2000 built Suezmax Crude Carrier ‘Jag Lateef’. n n-tcontracted to sell its 2000 built Suezmax Crude Carrier ‘Jag Laadki’ and delivered it subsequent to the end of the quarter. n n-tcontracted to sell its 2006 built Supramax Bulk Carrier ‘Jag Roopa’ for delivery in the fourth quarter of Financial Year 2020-21. n nttttttttt n4.tAs 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 (with 1.20 times cover on market value of ships) and additional security by way of mortgage on immovable property. n n5.tThe above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on January 29, 2021. The Statutory Auditors of the Company have carried out a Limited Review of the financial results for the quarter and nine months ended December 31, 2020. These results have been prepared in accordance with the Indian Accounting Standard (referred to as “Ind AS”) 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. n n6.tThe results for the quarter ended December 31, 2020, are available on the Bombay Stock Exchange website (URL:www.bseindia.com/corporates), the National Stock Exchange website (URL:www.nseindia.com/corporates) and on the Company website (URL: www.greatship.com/ financial_result.html Single segment 2020-04-01 2020-12-31 Unaudited Standalone 20967200000.00 1799700000.00 22766900000.00 0.00 0.00 0.00 3450600000.00 1898800000.00 3359500000.00 4876600000.00 13585500000.00 9181400000.00 0.00 9181400000.00 210000000.00 115000000.00 325000000.00 0.00 8856400000.00 0.00 0.00 0.00 0.00 8856400000.00 77500000.00 8933900000.00 0.00 0.00 1469700000.00 10 60.26 60.15 0.00 0.00 60.26 60.15 Consumption of spares and stores 395600000.00 Foreign exchange (gain)/loss, (net) 73800000.00 Fuel oil and water 946200000.00 Net(gain) /loss due to change in fair value/settlement of derivative contracts(net) -807100000.00 Other expenses 756400000.00 Port, Light and Canal dues 492500000.00 loss on asset held for sale 36500000.00 Consumption of spares and stores 1199200000.00 Foreign exchange (gain)/loss, (net) 307700000.00 Fuel oil and water 2664500000.00 Net(gain) /loss due to change in fair value/settlement of derivative contracts(net) -2576500000.00 Other expenses 2040900000.00 Port, Light and Canal dues 1204300000.00 loss on asset held for sale 36500000.00