Company has also started a new subsidiary in GIFT city to be engaged in leasing ships and there has been a change in one director position . The only thing that is unfavorable is the management commentary on not going aggressive on fleet expansion till the end of FY 25 as in current cycle prices aren’t favorable , so with too much cash on hand with too little deployment opportunites this quarter PAT of 905 Cr is very big base to grow from.
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