Essar Shipping Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 144.5 million compared to INR 11.6 million a year ago. Revenue was INR 634.3 million compared to INR 937.2 million a year ago. Net income was INR 13,430.5 million compared to net loss of INR 78.4 million a year ago. Basic earnings per share from continuing operations was INR 65.03 compared to basic loss per share from continuing operations of INR 0.38 a year ago. Diluted earnings per share from continuing operations was INR 65.03 compared to diluted loss per share from continuing operations of INR 0.38 a year ago.
For the nine months, sales was INR 450 million compared to INR 97.1 million a year ago. Revenue was INR 1,373.3 million compared to INR 4,302.7 million a year ago. Net income was INR 12,868 million compared to net loss of INR 3,039 million a year ago. Basic earnings per share from continuing operations was INR 62.18 compared to basic loss per share from continuing operations of INR 14.68 a year ago. Diluted earnings per share from continuing operations was INR 62.18 compared to diluted loss per share from continuing operations of INR 14.68 a year ago.