Total income from operations increased 0.5% y-o-y to Rs 759 crore while EBITDA went up by 25.5% y-o-y to Rs320 crore in the third quarter
Great Eastern Shipping Company’s consolidated net profit rose by 1.21% year-on- to Rs 192 crore in the third quarter of financial year 2012-13 compared to Rs87.46 crore in the year-ago period.
Total income from operations increased 0.5% y-o-y to Rs 759 crore in October-December quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) went up by 25.5% y-o-y to Rs320 crore in the third quarter. Operating profit margin improved by 840 basis points y-o-y to 42.2% in October-December quarter.
Revenues from shipping operations rose by 10% y-o-y to Rs549 crore while offshore operations fell by 1.8% to Rs332 crore in December quarter.
Earnings before interest & tax from shipping operations jumped by 27% y-o-y to Rs130 crore and offshore EBIT jumped by 44% y-o-y to Rs160 crore in October-December quarter.
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