Essar Shipping Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 25.4 million compared to INR 137.3 million a year ago. Revenue was INR 134.3 million compared to INR 272.6 million a year ago. Net loss was INR 644 million compared to net income of INR 3,634.1 million a year ago. Basic loss per share from continuing operations was INR 2.57 compared to basic earnings per share from continuing operations of INR 17.56 a year ago. Diluted loss per share from continuing operations was INR 2.57 compared to diluted earnings per share from continuing operations of INR 17.56 a year ago.

For the full year, the company reported sales was INR 202.4 million compared to INR 606.7 million a year ago. Revenue was INR 826.1 million compared to INR 1,645 million a year ago. Net loss was INR 1,181 million compared to net income of INR 16,502.1 million a year ago. Basic loss per share from continuing operations was INR 5.04 compared to basic earnings per share from continuing operations of INR 79.74 a year ago. Diluted loss per share from continuing operations was INR 5.04 compared to diluted earnings per share from continuing operations of INR 79.74 a year ago.