Essar Shipping Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 155.5 million compared to INR 16.2 million a year ago. Revenue was INR 493.2 million compared to INR 1,817.4 million a year ago. Net loss was INR 405.4 million compared to net income of INR 153.7 million a year ago. Basic loss per share from continuing operations was INR 1.96 compared to basic earnings per share from continuing operations of INR 0.74 a year ago. Diluted loss per share from continuing operations was INR 1.96 compared to diluted earnings per share from continuing operations of INR 0.74 a year ago.
For the six months, sales was INR 305.5 million compared to INR 85.4 million a year ago. Revenue was INR 739.1 million compared to INR 3,365.3 million a year ago. Net loss was INR 562.6 million compared to INR 2,960.6 million a year ago. Basic loss per share from continuing operations was INR 2.71 compared to INR 14.3 a year ago. Diluted loss per share from continuing operations was INR 2.71 compared to INR 14.3 a year ago.