Essar Shipping Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 0.3 million compared to INR 155.5 million a year ago. Revenue was INR 117.7 million compared to INR 493.2 million a year ago. Net loss was INR 359.8 million compared to INR 405.4 million a year ago. Basic loss per share from continuing operations was INR 1.73 compared to INR 1.96 a year ago. Diluted loss per share from continuing operations was INR 1.73 compared to INR 1.96 a year ago.
For the six months, sales was INR 108.8 million compared to INR 305.5 million a year ago. Revenue was INR 602.5 million compared to INR 739.1 million a year ago. Net loss was INR 99.2 million compared to INR 562.6 million a year ago. Basic loss per share from continuing operations was INR 0.47 compared to INR 2.71 a year ago. Diluted loss per share from continuing operations was INR 0.47 compared to INR 2.71 a year ago.