Essar Shipping Limited Announces Earnings Results for the Third Quarter and Nine Months Ended Dec. 31, 2012
Revenue increased by 25.21% to INR 25,157.9 million in 9 months ended Dec. 31, 2012 as against INR 20,093 million in the corresponding period in the previous year. EBITDA increased to INR 6,919.1 million in 9 months ended Dec. 31, 2012, as against INR 5,042.1 million in the corresponding previous period, registering an increase of 37.23%, largely contributed by better realisation in the Oilfields Services business. The company reported a net profit at INR 357.5 million as against a loss of INR 181.7 million in the corresponding period in the previous year.