Essar Shipping Limited was incorporated in 2010. The Company is mainly engaged in fleet operating and chartering activities and operates international and coastal voyages. The Company has also invested in diverse business verticals viz. Fleet operating and chartering, Oilfields services and logistics services.
Financial Results:
- Essar Shipping Ltd reported Revenues for Q1FY24 of ₹11.00 Crores down from ₹16.00 Crore year on year, a fall of 31.25%.
- Total Expenses for Q1FY24 of ₹30.00 Crores down from ₹86.00 Crores year on year, a fall of 65.12%.
- Consolidated Net Profit of ₹26.00 Crores from -₹16.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹1.26, from -₹0.76 in the same quarter of the previous year.