Essar Shipping's Q3 FY 2025-26 Quarterly Results
- 14 Feb 2026
Result Summary
- Essar Shipping Ltd reported a 41400.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 76.9%.
- Its expenses for the quarter were up by 78.4% QoQ and 11.1% YoY.
- The net profit increased 463.6% QoQ and decreased 322.2% YoY.
- The earnings per share (EPS) of Essar Shipping Ltd declined at 4.26 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 16.60 | 0.04 | 72.01 | 41400.0% | -76.9% |
Total Expenses | 37.80 | 21.19 | 34.01 | 78.4% | 11.1% |
Profit Before Tax | -88.20 | -15.65 | 39.21 | 463.6% | -324.9% |
Tax | 0.00 | 0.00 | 0.00 | - | - |
Profit After Tax | -88.20 | -15.65 | 39.70 | 463.6% | -322.2% |
Earnings Per Share | -4.26 | -1.02 | 1.86 | 317.6% | -329.0% |
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 engaged in the business of providing logistical and shipping services. As part of the Essar Group, which operates in various sectors including energy, steel, and infrastructure, Essar Shipping focuses on the marine transportation of crude oil and petroleum products, as well as dry bulk cargo. The company operates a diverse fleet of vessels, including tankers and bulk carriers, to cater to its clients' transportation needs. Although no specific recent developments for Essar Shipping are provided, the company operates in a competitive and dynamic industry that is influenced by global trade patterns, fuel costs, and regulatory changes.
Revenue
In the third quarter of the fiscal year 2026 (Q3FY26), Essar Shipping Ltd reported a total income of ₹16.60 crores. This represents a significant quarter-over-quarter increase of 41400.0% from ₹0.04 crores in Q2FY26. However, on a year-over-year basis, the total income decreased by 76.9% from ₹72.01 crores in Q3FY25. Such fluctuations in revenue may reflect changes in operational activities, market demand, or pricing strategies. The substantial increase in income from the previous quarter may indicate a recovery or improvement in the company's ability to generate revenue during this period.
Profitability
For Q3FY26, Essar Shipping Ltd reported a loss before tax of ₹88.20 crores, a significant increase in losses from ₹15.65 crores in Q2FY26. This represents a quarter-over-quarter change of 463.6%. Compared to Q3FY25, where the company had a profit before tax of ₹39.21 crores, the year-over-year change stands at -324.9%. Correspondingly, the profit after tax for Q3FY26 was also a loss of ₹88.20 crores, consistent with the reported loss before tax, as no tax liabilities were noted. The earnings per share (EPS) for Q3FY26 was negative at ₹-4.26, indicating a substantial decline from the positive EPS of ₹1.86 in Q3FY25. The quarter-over-quarter change in EPS was 317.6%, while the year-over-year change was -329.0%. These figures highlight a challenging profitability landscape for the company during this quarter.
Operating Metrics
During Q3FY26, Essar Shipping Ltd incurred total expenses amounting to ₹37.80 crores. This marks a 78.4% increase from the total expenses of ₹21.19 crores in the previous quarter, Q2FY26. Year-over-year, expenses rose by 11.1% from ₹34.01 crores in Q3FY25. The increase in expenses on a quarterly basis could be attributed to operational factors such as higher fuel costs, maintenance of vessels, or other logistical expenses. The company's expenses during this quarter exceeded its income, contributing to the reported loss. No specific operating ratios such as debt-to-equity or current ratios are provided in the data, thus limiting further analysis of the company's operational efficiency and liquidity.