GESHIP The Great Eastern Shipping Company Q3 FY25 results (Oct–Dec 2024) and concall
GE Shipping delivered a profitable third quarter despite a disappointing winter for tanker markets and a 15% correction in asset prices. The company continues to prioritize balance sheet strength, maintaining a significant net cash position of $500 million to prepare for counter-cyclical investment opportunities. Management remains patient, waiting for asset prices to reach more attractive levels before committing to large-scale fleet expansion.
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What they filed
| Line item | Q2 FY25 | Q3 FY25 |
|---|---|---|
| Revenue | 1,011 | 878 |
| EBITDA | 528 | 527 |
| Net profit | 565 | 679 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
