Essar Shipping has reported results for fourth quarter and year ended March 31, 2012.
On standalone basis, the company has posted a fall of 21.82% in its net profit at Rs 42.84 crore for the quarter ended March 31, 2012 as compared to Rs 54.80 crore for the same quarter in the previous year. Total income has increased by 40.30% at Rs 373.85 crore for quarter under review as compared to Rs 266.47 crore for the quarter ended March 31, 2011
The company’s consolidated net profit was of Rs 54.98 crore for the quarter ended March 31, 2012, against net loss of Rs 0.45 crore for the corresponding period last fiscal. However, total income increased by 23.71% at Rs 826.41 crore during the quarter under review from Rs 668.01 crore in the year-ago period.
For the full year ended March 31, 2012, the company has posted a rise of 22.58% in its net profit at Rs 95.82 crore for the year ended March 31, 2012 as compared to Rs 78.17 crore in the previous year. Total income has increased by 141.97% at Rs 1245.35 crore for year under review as compared to Rs 514.66 crore for the period ended March 31, 2011.
On consolidated basis, the company has posted a rise of 10.60% in its net profit at Rs 36.83 crore for the year ended March 31, 2012 as compared to Rs 33.30 crore in the previous year. Total income has increased by 112.44% at Rs 2801.58 crore for year under review as compared to Rs 1318.76 crore for the period ended March 31, 2011.
| Company Name | CMP |
|---|---|
| Shipping Corpn. | 301.95 |
| GE Shipping | 1425.10 |
| Dredging Corp | 1018.20 |
| Seamec | 1565.80 |
| Shreeji Ship.Global | 370.00 |
| View more.. | |
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