Essar Shipping reports consolidated net profit of Rs 225.41 crore in the March 2022 quarter

Sales decline 83.36% to Rs 14.60 crore

Net profit of Essar Shipping reported to Rs 225.41 crore in the quarter ended March 2022 as against net loss of Rs 179.11 crore during the previous quarter ended March 2021. Sales declined 83.36% to Rs 14.60 crore in the quarter ended March 2022 as against Rs 87.76 crore during the previous quarter ended March 2021.

For the full year,net loss reported to Rs 78.49 crore in the year ended March 2022 as against net loss of Rs 620.41 crore during the previous year ended March 2021. Sales declined 29.08% to Rs 325.45 crore in the year ended March 2022 as against Rs 458.88 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales14.6087.76 -83 325.45458.88 -29 OPM %-33.08-14.97 -19.356.49 - PBDT32.17-117.29 LP -68.66-422.77 84 PBT17.26-161.75 LP -174.58-596.53 71 NP225.41-179.11 LP -78.49-620.41 87

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