Essar Shipping's loss widens to Rs 311 cr in Jun quarter

New Delhi: Essar Shipping on Wednesday reported widening of its consolidated loss to Rs 311.43 crore in the first quarter ended June 30. The company had clocked a 'loss after share of profit/loss of associate' of Rs 103.22 crore in the corresponding quarter a year ago, the company said in a regulatory filing to the BSE.

Its total income from operations in the June 2020 quarter rose to 154.79 crore, against Rs 149.40 crore in the year-ago period.

The firm's total expenses stood at Rs 284.13 crore, compared with Rs 242.80 crore in the year-ago period.


"COVID-19 has impacted the entire economy and business operations of the group, especially during the quarter under review," the company said.