Essar Shipping Ltd's Q4FY25 Quarter Results
- 30 May 2025
Result Summary
- Essar Shipping Ltd reported a 81.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Mar (Q4FY25). On a year-on-year (YoY) basis, it witnessed a decline of 53.1%.
- Its expenses for the quarter were up by 131.5% QoQ and down 327.2% YoY.
- The net profit decreased 234.0% QoQ and decreased 114.6% YoY.
- The earnings per share (EPS) of Essar Shipping Ltd declined at 3.2 during Q4FY25.
Financial Statments for Q4FY25
| (₹ crores) | Q4FY25 | Q3FY25 | Q4FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 13.43 | 72.01 | 28.61 | -81.3% | -53.1% |
Total Expenses | 78.75 | 34.01 | -34.66 | 131.5% | -327.2% |
Profit Before Tax | -53.19 | 39.21 | 63.27 | -235.7% | -184.1% |
Tax | 0.00 | 0.00 | -0.89 | - | -100.0% |
Profit After Tax | -53.19 | 39.70 | 364.79 | -234.0% | -114.6% |
Earnings Per Share | -3.20 | 1.90 | 17.60 | -268.4% | -118.2% |
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 part of the larger Essar Group, a multinational conglomerate with interests in sectors such as shipping, energy, infrastructure, and more. As its name suggests, Essar Shipping Ltd is primarily involved in the shipping industry, providing sea transportation services for dry bulk cargo, crude oil, and petroleum products. The company operates a diversified fleet that includes Very Large Crude Carriers (VLCCs), product tankers, and dry bulk carriers. Essar Shipping Ltd is known for its robust logistics operations and has a significant presence in the global maritime sector.
Revenue
In the fourth quarter of the fiscal year 2025, Essar Shipping Ltd reported a total income of ₹13.43 crore, which represents a significant decrease when compared to the previous quarter's income of ₹72.01 crore. This quarter-over-quarter (QoQ) decline amounts to -81.3%. Compared to the same quarter in the previous year (Q4FY24), where the total income was ₹28.61 crore, there is a year-over-year (YoY) decrease of -53.1%. This sharp decline in revenue over both quarterly and yearly periods highlights a substantial reduction in the company's income-generating activities during this period.
Profitability
The financial performance of Essar Shipping Ltd in terms of profitability showed a challenging landscape in Q4FY25. The company reported a loss before tax of ₹53.19 crore, contrasting sharply with a profit of ₹39.21 crore in the previous quarter and ₹63.27 crore in the same quarter of the previous year. This translates to a QoQ decline of -235.7% and a YoY decrease of -184.1%. The tax expense for the quarter remained at ₹0.00 crore, consistent with the previous quarter, while it was negative in Q4FY24 at -₹0.89 crore. The profit after tax also mirrored the unfavorable trend, showing a loss of ₹53.19 crore compared to a profit of ₹39.70 crore in Q3FY25 and ₹364.79 crore in Q4FY24, marking a QoQ change of -234.0% and a YoY decline of -114.6%.
Operating Metrics
For the fourth quarter of fiscal year 2025, Essar Shipping Ltd's total expenses were reported at ₹78.75 crore, a substantial increase from ₹34.01 crore in the previous quarter, resulting in a QoQ rise of 131.5%. Interestingly, the expenses showed a negative value of ₹-34.66 crore in Q4FY24, which indicates a YoY change of -327.2%. The company's earnings per share (EPS) were reported at a negative value of ₹-3.20 in Q4FY25, a significant drop from the positive EPS of ₹1.90 in Q3FY25 and ₹17.60 in Q4FY24. This denotes a QoQ decline of -268.4% and a YoY change of -118.2%. These figures reflect significant volatility in the company's operating metrics over the reviewed periods.