Essar Shipping Ltd’s net loss narrows to Rs 1,539 cr for Q4FY20

New Delhi: Essar Shipping Ltd’s consolidated net loss narrowed to Rs 1,539 crore for the fourth quarter of the fiscal 2019-20 as compared a net loss of Rs 3,581 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated total income fell marginally to Rs 319 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 333 crore in the corresponding quarter of the previous fiscal. 

The company’s consolidated net loss came down to less than half at Rs 1,686 crore for the entire fiscal 2019-20 as compared to a net loss of Rs 3,769 crore in the previous fiscal.

The company’s consolidated total income jumped 10 percent to Rs 1,494 crore for the entire fiscal 2019-20 as compared to Rs 1,366 crore in the previous fiscal.

The consolidated total expenses of the company declined to Rs 380 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 434 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company increased marginally to Rs 1,688 crore in the 2019-20 fiscal as compared to Rs 1,555 crore in the previous fiscal, the company said in a regulatory filing.

menu
menu