Essar Shipping Posts Rs 53 Crore Loss in March Quarter

May 29, 2024 15:38

Essar Shipping reported a Rs 53.19 crore loss in the March 2024 quarter due to lower income, compared to a Rs 363.44 crore profit in the same period last year.

New Delhi, May 29 (PTI) 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.

Source: PTI

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Essar Shipping Posts Rs 53 Crore Loss in March Quarter

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