Essar Shipping Limited reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported sales was INR 152 million compared to INR 76.8 million a year ago. Revenue was INR 1,229.1 million compared to INR 1,223.8 million a year ago. Net income was INR 2,254.1 million compared to net loss of INR 1,791.1 million a year ago. Basic earnings per share from continuing operations was INR 10.91 compared to basic loss per share from continuing operations of INR 8.54 a year ago. Diluted earnings per share from continuing operations was INR 10.91 compared to diluted loss per share from continuing operations of INR 8.54 a year ago.
For the full year, sales was INR 249.1 million compared to INR 929.4 million a year ago. Revenue was INR 5,531.8 million compared to INR 5,081.6 million a year ago. Net loss was INR 784.9 million compared to INR 6,204.1 million a year ago. Basic loss per share from continuing operations was INR 3.77 compared to INR 29.98 a year ago. Diluted loss per share from continuing operations was INR 3.77 compared to INR 29.98 a year ago.