Great Eastern Shipping Company fourth quarter results: Net profit increased 25% year-on-year to Rs 905 crore.

New Delhi: Great Eastern Shipping Company on Friday reported a 25.37 per cent rise in consolidated profit after tax (PAT) at Rs 905.08 crore during the March quarter. The company’s PAT stood at Rs 721.94 crore in the same period last year, Great Eastern Shipping Company said in a regulatory filing.

It added that its consolidated revenue during the quarter under review also increased to Rs 1,726.25 billion from Rs 1,550.27 billion in the same period last year.

The company’s total expenses during the quarter declined to Rs 784.66 crore from Rs 853.22 crore in the year-ago quarter.

Net profit for the year ended March 2024 rose 1.52 per cent to Rs 2,614.18 crore compared to Rs 2,575.01 crore a year ago.

The board announced a fourth interim dividend of ₹10 per share, or ₹10.80.