Essar Shipping reports consolidated net loss of Rs 176.67 crore in the March 2017 quarter

Capital Market May 27, 2017 Last Updated at 11:34 IST

Sales rise 24.57% to Rs 552.95 crore

Net Loss of Essar Shipping reported to Rs 176.67 crore in the quarter ended March 2017 as against net loss of Rs 147.29 crore during the previous quarter ended March 2016. Sales rose 24.57% to Rs 552.95 crore in the quarter ended March 2017 as against Rs 443.88 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 583.45 crore in the year ended March 2017 as against net loss of Rs 550.17 crore during the previous year ended March 2016. Sales rose 27.64% to Rs 2187.80 crore in the year ended March 2017 as against Rs 1714.00 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales552.95443.88 25 2187.801714.00 28 OPM %15.0120.11 -17.3316.25 - PBDT-120.63-24.68 -389 -156.34-64.29 -143 PBT-176.09-141.16 -25 -546.84-528.23 -4 NP-176.67-147.29 -20 -583.45-550.17 -6

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