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Essar Shipping’s Q2 consolidated net loss narrows to Rs 11.20 crore

25 Oct 2013 Evaluate

Essar Shipping has reported results for second quarter ended September 30, 2013.

The company has reported a net loss of Rs 41.46 crore for the quarter as compared to a net loss of Rs 54.69 crore for the same quarter in the previous year. Total income from operation of the company has decreased by 35.83% at Rs 225.31 crore for quarter under review as compared to Rs 351.11 crore for the quarter ended September 30, 2012.

On the consolidated basis, the group has reported a net loss of Rs 11.20 crore as compared to a net loss of Rs 35.99 crore in the same quarter previous year. Total income from operation of the group declined 37.18% to Rs 491.52 crore for quarter under review as against Rs 782.41 crore in corresponding quarter previous year.

 

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