Essar Shipping Q4 Result: Records Rs 53 Crore Loss

Essar Shipping records Rs 53.19 crore loss in Q4 due to lower income.

PTI

Stanlow Refinery of EET Fuels (Source: Official X Account of Essar)

Essar Shipping has reported a loss of Rs 53.19 crore during the March 2024 quarter on lower income. It had posted Rs 363.44 crore 'profit for the period after share of profit of associate' in the year-ago period, the company said in a statement on Tuesday. The company's total income declined to Rs 13.43 crore as against Rs 27.26 crore in the January-March period of FY23.

Part of Essar Group, Essar Shipping has over four decades of experience in owning and operating maritime assets.

Also Read: Essar Group's Pluckk Hits Rs 100 Crore Annualised Revenue Runrate In FY24

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