{"id":151892,"date":"2023-08-08T18:06:26","date_gmt":"2023-08-08T22:06:26","guid":{"rendered":"https:\/\/44.250.171.167\/?p=151892"},"modified":"2023-08-08T18:06:28","modified_gmt":"2023-08-08T22:06:28","slug":"essar-shipping-ltd-q1fy24-31-fall-in-revenue","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/essar-shipping-ltd-q1fy24-31-fall-in-revenue\/","title":{"rendered":"Essar Shipping Ltd Q1FY24; 31% fall in Revenue"},"content":{"rendered":"<p>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.<\/p>\n<p><br \/><strong>Financial Results:<\/strong><\/p>\n<ul>\n<li>Essar Shipping Ltd reported Revenues for Q1FY24 of \u20b911.00 Crores down from \u20b916.00 Crore year on year, a fall of 31.25%.<\/li>\n<li>Total Expenses for Q1FY24 of \u20b930.00 Crores down from \u20b986.00 Crores year on year, a fall of 65.12%.<\/li>\n<li>Consolidated Net Profit of \u20b926.00 Crores from -\u20b916.00 Crores in the same quarter of the previous year.<\/li>\n<li>The Earnings per Share is \u20b91.26, from -\u20b90.76 in the same quarter of the previous year.<\/li>\n<\/ul>\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-407-839x1024.png\" alt=\"\" class=\"wp-image-151893\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-407-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-407-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-407-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-407-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-407.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>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 \u20b911.00 Crores [&hellip;]<\/p>\n","protected":false},"author":1917,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392],"tags":[8691],"class_list":["post-151892","post","type-post","status-publish","format-standard","hentry","category-infographics","category-earnings","tag-shipping"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":153789,"url":"https:\/\/alphastreet.com\/india\/black-box-ltd-q1fy24-60-rise-in-profits\/","url_meta":{"origin":151892,"position":0},"title":"Black Box Ltd Q1FY24; 60% rise in Profits","author":"Divyansh_Kasana","date":"August 14, 2023","format":false,"excerpt":"AGC Networks Ltd. (AGC), incorporated in 1986 by Tata Telecom Pvt. Ltd. to manufacture telecommunication equipment. It is currently held by Essar Telecom Ltd. Over the years, AGC evolved into an information and communication (ICT) solutions provider and integrator with a differentiated vertical approach in business communication systems, applications and\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1036.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1036.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1036.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1036.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1036.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1036.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":153211,"url":"https:\/\/alphastreet.com\/india\/grm-overseas-ltd-q1fy24-11-fall-in-profits\/","url_meta":{"origin":151892,"position":1},"title":"GRM Overseas Ltd Q1FY24; 11% fall in Profits","author":"Hardik Bhandare","date":"August 14, 2023","format":false,"excerpt":"GRM Overseas Ltd is primarily engaged in the business of milling, processing and marketing of branded and non-branded basmati rice in the domestic and overseas market. 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Total\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-842.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-842.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-842.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-842.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-842.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-842.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":150648,"url":"https:\/\/alphastreet.com\/india\/india-pesticides-ltd-q1fy24-61-fall-in-profits\/","url_meta":{"origin":151892,"position":2},"title":"India Pesticides Ltd Q1FY24; 61% fall in Profits","author":"Hardik Bhandare","date":"August 1, 2023","format":false,"excerpt":"India Pesticides Limited is one of the globally operating agro-chemical manufactures in India, since 1984. 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It offers customized and end-to-end logistics solutions and services including transportation distribution, freight forwarding, clearing and forwarding services, custom house clearance, warehousing and value added services. 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