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Essar Shipping posted a consolidated loss of Rs 34.53 crore in Q1 FY24, compared to a profit of Rs 26.13 crore in the same period last year. The company's total income from operations also declined.

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.