Essar Shipping reports consolidated net loss of Rs 179.11 crore in the March 2021 quarter

Sales decline 61.17% to Rs 87.76 crore

Net Loss of Essar Shipping reported to Rs 179.11 crore in the quarter ended March 2021 as against net loss of Rs 1537.66 crore during the previous quarter ended March 2020. Sales declined 61.17% to Rs 87.76 crore in the quarter ended March 2021 as against Rs 226.00 crore during the previous quarter ended March 2020.

For the full year,net loss reported to Rs 620.41 crore in the year ended March 2021 as against net loss of Rs 1681.50 crore during the previous year ended March 2020. Sales declined 65.47% to Rs 458.88 crore in the year ended March 2021 as against Rs 1328.92 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales87.76226.00 -61 458.881328.92 -65 OPM %-14.974.00 -6.6919.61 - PBDT-117.29-17.24 -580 -422.77-21.83 -1837 PBT-161.75-60.79 -166 -596.53-194.08 -207 NP-179.11-1537.66 88 -620.41-1681.50 63

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