Essar Shipping's Q2 FY 2025-26 Quarterly Results

Result Summary

• Essar Shipping Ltd reported a 99.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 100.0%.
• Its expenses for the quarter were down by 4.3% QoQ and 88.4% YoY.
• The net profit decreased 157.2% QoQ and decreased 102.4% YoY.
• The earnings per share (EPS) of Essar Shipping Ltd declined at 1.02 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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 company that operates within the shipping and logistics industry. The company primarily focuses on transportation services, involving the shipping of crude oil, petroleum products, dry bulk, and general cargo. Essar Shipping is part of the larger Essar Group, which has diversified interests across sectors such as steel, energy, infrastructure, and services. As of the latest available data, there have been no major developments reported for Essar Shipping Ltd. The company's operations revolve around providing efficient and reliable shipping solutions to its clients, leveraging its fleet of vessels.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Essar Shipping Ltd reported a total income of ₹0.04 crores, which represents a significant decline from the previous quarter (Q1FY26) where the income was ₹49.51 crores. This marks a quarter-over-quarter (QoQ) decrease of 99.9%. When compared to the same quarter in the previous fiscal year (Q2FY25), where the total income stood at ₹247.97 crores, the year-over-year (YoY) decline is 100.0%. The substantial decrease in revenue both sequentially and annually is a notable aspect of the company's financial performance during this period.

Profitability

The profitability metrics for Essar Shipping Ltd show a notable decline in the second quarter of FY26. The company reported a loss before tax of ₹15.65 crores, compared to a profit before tax of ₹27.36 crores in Q1FY26, reflecting a QoQ change of -157.2%. Similarly, compared to Q2FY25, where the profit before tax was ₹639.12 crores, there is a YoY change of -102.4%. The profit after tax for Q2FY26 was also a loss of ₹15.65 crores, consistent with the pre-tax figures, as no tax was applicable. The earnings per share (EPS) for Q2FY26 stood at -₹1.02, down from ₹1.32 in Q1FY26 and ₹3.30 in Q2FY25, reflecting declines of 177.3% QoQ and 130.9% YoY, respectively.

Operating Metrics

Essar Shipping Ltd's operating metrics indicate significant changes for the second quarter of FY26. Total expenses for the quarter were ₹21.19 crores, slightly lower than the ₹22.15 crores recorded in Q1FY26, marking a QoQ decrease of 4.3%. When compared to Q2FY25, where expenses were ₹182.63 crores, there is an 88.4% YoY decrease. The company did not incur any tax liabilities for the quarter, as reflected by the tax figure remaining at ₹0.00 across all comparative periods. The financial results for this quarter reveal substantial shifts in income and expenses, contributing to the overall operating performance of the company during this period.