GESHIP2023-07-012023-09-30 GESHIP2023-07-012023-09-30 GESHIP2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member GESHIP2023-07-012023-09-30in-bse-fin:OneOperatingExpenses02Member GESHIP2023-07-012023-09-30in-bse-fin:OneOperatingExpenses03Member GESHIP2023-07-012023-09-30in-bse-fin:OneOperatingExpenses04Member GESHIP2023-07-012023-09-30in-bse-fin:OneOperatingExpenses05Member GESHIP2023-07-012023-09-30in-bse-fin:OneOperatingExpenses06Member GESHIP2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member GESHIP2023-07-012023-09-30in-bse-fin:FourOperatingExpenses02Member GESHIP2023-07-012023-09-30in-bse-fin:FourOperatingExpenses03Member GESHIP2023-07-012023-09-30in-bse-fin:FourOperatingExpenses04Member GESHIP2023-07-012023-09-30in-bse-fin:FourOperatingExpenses05Member GESHIP2023-07-012023-09-30in-bse-fin:FourOperatingExpenses06Member GESHIP2023-09-30 GESHIP2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue01Member GESHIP2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue02Member GESHIP2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue01Member GESHIP2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue02Member GESHIP2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults01Member GESHIP2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults02Member GESHIP2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults01Member GESHIP2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults02Member GESHIP2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets01Member GESHIP2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets02Member GESHIP2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member GESHIP2023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member GESHIP2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member GESHIP2023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member GESHIP2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member GESHIP2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member GESHIP2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member GESHIP2023-07-012023-09-30in-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 2023-10-27 2023-10-19 INR Crores Half yearly 16:30:00 19:30:00 2023-10-27 2023-10-27 true Cash Flow Indirect Not applicable Multi segment 2023-07-01 2023-09-30 Unaudited Consolidated 12290200000.00 2324300000.00 14614500000.00 0.00 0.00 0.00 2234900000.00 771300000.00 1867400000.00 3621600000.00 8495200000.00 6119300000.00 0.00 6119300000.00 111700000.00 61000000.00 172700000.00 0.00 5946600000.00 0.00 0.00 0.00 0.00 5946600000.00 55200000.00 6001800000.00 5946600000.00 0.00 55200000.00 0.00 1427700000.00 10 41.65 41.57 0.00 0.00 41.65 41.57 0.00 0.05 Please note interest service coverage ratio for the quarter and half year ended September 30, 2023 is 11.35 and 12.34 respectively. 2.The Board of Directors has declared a second interim dividend of Rs. 6.30 per share of Rs.10/- each. The outgo on this account is Rs. 89.94 crores. The Company had declared and paid a first interim dividend of Rs. 12.90 per equity share of Rs.10/- each during the year. The outgo on this account was Rs. 184.17 crores. The total interim dividends for the year declared aggregates to Rs. 19.20 per equity share. The total outgo on this account will be Rs. 274.11 crores. 3 During the quarter under review, the Company undertook the following transactions: -sold and delivered its 2004 built Aframax Crude Carrier Jag Lavanya. -contracted to buy a Secondhand Medium Range Product Tanker built in 2008 and has taken delivery in third quarter of Financial Year 2023-24. -contracted to sell its 2006 built Supramax Dry Bulk Carrier Jag Rohan which has been delivered in the third quarter of Financial Year 2023-24. Subsequent to the quarter under review, the Company contracted to buy a Secondhand Kamsarmax Dry Bulk Carrier built in 2014 to be delivered in third quarter of Financial Year 2023-24. 4.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 2023-09-30 Unaudited Consolidated 25127100000.00 2834600000.00 27961700000.00 0.00 0.00 0.00 4378800000.00 1393200000.00 3664600000.00 6397200000.00 15833800000.00 12127900000.00 0.00 12127900000.00 332200000.00 86400000.00 418600000.00 0.00 11709300000.00 0.00 0.00 0.00 0.00 11709300000.00 154500000.00 11863800000.00 11709300000.00 0.00 154500000.00 0.00 1427700000.00 10 82.02 81.85 0.00 0.00 82.02 81.85 0.00 0.06 Consumption of spares and stores 712300000.00 Foreign exchange (gain)/loss, (net) -379000000.00 Fuel oil and water 1301400000.00 Net (gain)/loss due to change in fair value/settlement of derivative contracts (net) 76500000.00 Other expenses 1480100000.00 Port, light and canal dues 430300000.00 Consumption of spares and stores 1405300000.00 Foreign exchange (gain)/loss, (net) -391900000.00 Fuel oil and water 2306700000.00 Net (gain)/loss due to change in fair value/settlement of derivative contracts (net) -552900000.00 Other expenses 2794000000.00 Port, light and canal dues 836000000.00 0.00 81353200000.00 179000000.00 0.00 0.00 51600000.00 32000000.00 0.00 0.00 0.00 0.00 0.00 633500000.00 633500000.00 0.00 2016600000.00 84265900000.00 2787000000.00 15985200000.00 4977600000.00 33938200000.00 13073200000.00 0.00 2680600000.00 70654800000.00 0.00 1756700000.00 75198500000.00 439000000.00 0.00 159903400000.00 1427700000.00 110063100000.00 111490800000.00 111490800000.00 20458900000.00 0.00 3277400000.00 23736300000.00 443000000.00 1615000000.00 0.00 121900000.00 25916200000.00 14275000000.00 3922200000.00 3050500000.00 21247700000.00 350900000.00 426200000.00 471600000.00 0.00 22496400000.00 0.00 0.00 48412600000.00 159903400000.00 5.During the previous year ended March 31, 2023, 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. 6.The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on October 27, 2023. The Statutory Auditors of the Company have carried out a Limited Review of the results for the quarter and half year ended September 30, 2023. 7.The results for the quarter and half year ended September 30, 2023, 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). 8.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 15,500 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. For The Great Eastern Shipping Co. Ltd. ( K. M. Sheth ) Chairman Place: Mumbai Date: 27.10.2023 Offshore 2649900000.00 Shipping 12031900000.00 Offshore 5152200000.00 Shipping 22947400000.00 14681800000.00 28099600000.00 67300000.00 137900000.00 14614500000.00 27961700000.00 Offshore 281400000.00 Shipping 5665200000.00 Offshore 663000000.00 Shipping 11046300000.00 5946600000.00 11709300000.00 0.00 0.00 0.00 0.00 5946600000.00 11709300000.00 Offshore 44063900000.00 Shipping 115839500000.00 159903400000.00 0.00 159903400000.00 Offshore 13085600000.00 Shipping 35327000000.00 48412600000.00 0.00 48412600000.00 1393200000.00 -741800000.00 0.00 0.00 268400000.00 0.00 0.00 0.00 0.00 692500000.00 0.00 281300000.00 0.00 3664700000.00 0.00 0.00 0.00 0.00 0.00 -1079100000.00 0.00 926700000.00 0.00 -5700000.00 0.00 -2364400000.00 -11700000.00 -10800000.00 0.00 1159900000.00 13287800000.00 -109300000.00 0.00 0.00 341200000.00 0.00 12837300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2094500000.00 1908300000.00 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 109300000.00 602400000.00 0.00 -1977300000.00 0.00 -1079400000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1666100000.00 0.00 0.00 3126600000.00 1306100000.00 0.00 448100000.00 -5650700000.00 6107200000.00 1047400000.00 7154600000.00 26783600000.00 33938200000.00 Items that will not be reclassified to Profit or Loss -76500000.00 Items that will not be reclassified to Profit or Loss 10500000.00 -76500000.00 10500000.00 -300000.00 -1400000.00 Items that will be reclassified as to Profit or Loss 119900000.00 Items that will be reclassified as to Profit or Loss 134900000.00 119900000.00 134900000.00 -11500000.00 -7700000.00