Essar Shipping Ltd's Q3FY25 Quarter Results
- 05 Feb 2025
Result Summary
- Essar Shipping Ltd reported a 71.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 705.5%.
- Its expenses for the quarter were down by 81.4% QoQ and 25.5% YoY.
- The net profit decreased 93.8% QoQ and decreased 196.0% YoY.
- The earnings per share (EPS) of Essar Shipping Ltd stood at 1.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 72.01 | 247.97 | 8.94 | -71.0% | 705.5% |
Total Expenses | 34.01 | 182.63 | 45.65 | -81.4% | -25.5% |
Profit Before Tax | 39.21 | 639.12 | -41.35 | -93.9% | -194.8% |
Tax | 0.00 | 0.00 | 0.00 | - | - |
Profit After Tax | 39.70 | 642.14 | -41.35 | -93.8% | -196.0% |
Earnings Per Share | 1.90 | 3.30 | -1.80 | -42.4% | -205.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Essar Shipping Ltd is a prominent player in the maritime logistics and transportation industry. The company is primarily engaged in providing shipping services, including the transportation of crude oil, petroleum products, dry bulk commodities, and other cargo. It operates a diverse fleet that includes bulk carriers, crude oil tankers, and product tankers, offering services on a global scale. As a part of the Essar Group, a multinational conglomerate with diverse business interests, Essar Shipping Ltd benefits from a robust operational framework and strategic industry insights. However, any recent major developments specific to Essar Shipping Ltd are not available from the provided data.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Essar Shipping Ltd reported a total income of ₹72.01 crores. This represents a significant decrease of 71.0% from the previous quarter (Q2FY25), where the total income was ₹247.97 crores. Despite this quarter-over-quarter (QoQ) decline, there is a notable year-over-year (YoY) increase of 705.5% compared to the third quarter of fiscal year 2024 (Q3FY24), where the total income stood at ₹8.94 crores. This data reflects a substantial fluctuation in revenue performance over the periods analyzed.
Profitability
For Q3FY25, Essar Shipping Ltd recorded a profit after tax (PAT) of ₹39.70 crores. This figure is a sharp decline of 93.8% from the previous quarter's PAT of ₹642.14 crores. Comparatively, the company reported a loss of ₹41.35 crores in Q3FY24, indicating a considerable YoY improvement in profitability by 196.0%. The earnings per share (EPS) for Q3FY25 was ₹1.90, down 42.4% from Q2FY25's EPS of ₹3.30, but up from a negative EPS of ₹1.80 in Q3FY24, marking a YoY increase of 205.6%.
Operating Metrics
Total expenses for Q3FY25 amounted to ₹34.01 crores, reflecting a significant decrease of 81.4% from Q2FY25, where expenses were ₹182.63 crores. This reduction in expenses also represents a YoY decrease of 25.5% from Q3FY24's expenses of ₹45.65 crores. The profit before tax (PBT) for Q3FY25 was ₹39.21 crores, showing a QoQ decline of 93.9% from ₹639.12 crores in Q2FY25. However, compared to a loss before tax of ₹41.35 crores in Q3FY24, the current quarter reflects a substantial YoY improvement. No tax was reported for the periods analyzed, which remains consistent across Q3FY25, Q2FY25, and Q3FY24. These figures highlight shifts in operational efficiency and cost management within the company.
