Essar Shipping Ltd’s net loss jumps more than four-fold to Rs 103 cr for Q1FY21

New Delhi: Essar Shipping Ltd’s consolidated net loss jumped more than four-fold to Rs 103 crore for the first quarter of the current financial year as compared to Rs 25 crore in the corresponding quarter of the previous fiscal. 

The company’s consolidated revenues from income fell 57 percent to Rs 149 crore for the first quarter of the current financial year as compared to Rs 350 crore in the corresponding quarter of the previous fiscal. 

Company’s consolidated total expenses went down to Rs 242 crore for the first quarter of the current financial year as compared to Rs 375 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

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