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Essar Shipping posts Q4 net profit of Rs 32.00 cr

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Dion Global

29 May 2025

The company reported standalone net profit during the quarter stood at Rs 32.00 crore compared to net loss of Rs 104.59 crore in the previous year quarter.

Net revenue of the company rose moderately by 13.57 per cent at Rs 5.19 crore in January-March quarter of this fiscal as against Rs 4.57 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 8.30 per cent to Rs 6.41 crore from Rs 6.99 crore in year ago period.

Other Income grew by 1617.47 per cent at Rs 46.20 crore versus (Mar'24 Rs 2.69 crore).

Operating Profit slipped by 49.59 per cent to Rs -1.22 crore as against Rs -2.42 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 55.60 per cent in March quarter.

Interest declined by 66.05 per cent y-o-y to Rs 12.79 crore