Essar Shipping Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 0.4 million compared to INR 144.5 million a year ago. Revenue was INR 89.3 million compared to INR 634.2 million a year ago. Net loss was INR 437.8 million compared to net income of INR 13,430.5 million a year ago. Basic loss per share from continuing operations was INR 2 compared to basic earnings per share from continuing operations of INR 64.89 a year ago. Diluted loss per share from continuing operations was INR 2 compared to diluted earnings per share from continuing operations of INR 64.89 a year ago.
For the nine months, sales was INR 109.2 million compared to INR 450 million a year ago. Revenue was INR 691.8 million compared to INR 1,373.3 million a year ago. Net loss was INR 537 million compared to net income of INR 12,868 million a year ago. Basic loss per share from continuing operations was INR 2.47 compared to basic earnings per share from continuing operations of INR 62.18 a year ago. Diluted loss per share from continuing operations was INR 2.47 compared to diluted earnings per share from continuing operations of INR 62.18 a year ago.