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    Essar Shipping Q3 results: Net loss widens to Rs 182 cr

    Synopsis

    Its total income from operations in the December 2020 quarter declined to Rs 103.02 crore, against Rs 387.62 crore in the year-ago period.

    loss
    Its total income from operations in the December 2020 quarter declined to Rs 103.02 crore, against Rs 387.62 crore in the year-ago period.
    NEW DELHI: Essar Shipping on Monday said its consolidated net loss widened to Rs 181.88 crore in the third quarter ended December 2020.

    The company had reported a loss of Rs 95.29 crore in the corresponding quarter a year ago, it said in a regulatory filing.

    Its total income from operations in the December 2020 quarter declined to Rs 103.02 crore, against Rs 387.62 crore in the year-ago period.

    The firm's total expenses stood at Rs 284.85 crore, compared to Rs 469.54 crore in the same period of previous fiscal.

    The company said its board has approved appointment of Sumit Agarwal as additional director (Non-executive) on the Board of the company with immediate effect.

    The board also approved appointment of Natesan Srinivasan (Non-Executive - Independent Director) as Chairperson of the Board with immediate effect.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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